An Interest In:
Web News this Week
- March 2, 2024
- March 1, 2024
- February 29, 2024
- February 28, 2024
- February 27, 2024
- February 26, 2024
- February 25, 2024
September 30, 2021 05:52 pm
Original Link: https://www.theverge.com/2021/9/30/22702543/bitcoin-carbon-footprint-emissions-china
Why Bitcoins pollution could grow after leaving China
China is cracking down on Bitcoin mining, and some experts fear that the cryptocurrency’s environmental footprint could become dirtier as a result.
Bitcoin is incredibly energy hungry. To create new coins, miners race to solve complex puzzles using specialized machines. As a result, Bitcoin is estimated to use as much electricity annually as the entire country of Poland. Until this year, a majority of that electricity came from a mix of coal and hydropower in China. Last week, China sounded the death knell for Bitcoin mining within its borders when it made all cryptocurrency transactions and mining illegal — although most mining operations fled earlier in the year when bans were announced in provinces where most had previously set up...
Original Link: https://www.theverge.com/2021/9/30/22702543/bitcoin-carbon-footprint-emissions-china
Share this article:
Tweet
View Full Article
The Verge
The Verge is an ambitious multimedia effort founded in 2011More About this Source Visit The Verge