climate threat: The Guardian reported that mining Bitcoin uses as much CO2 a year as 1 million transatlantic flights, according to The Independent. In November, the power consumed by the entire bitcoin network was estimated to be higher than that of the Republic of Ireland. As bitcoin hits mainstream media, the topic of bitcoin mining begins to be criticized, specifically regarding its effect on our environment. It's now on pace to use just over 42TWh of electricity in a year, placing it ahead of New Zealand and Hungary and just behind Peru. And recently April 9th, 2019 China decided it may ban bitcoin mining to protect the environment. The reporter then concluded with the statement We need to take it seriously as a climate threat.
(news.financializer.com). As
reported in the news.
Tagged under climate threat, bitcoin network topics.