Each bitcoin transaction generates carbon emissions roughly equivalent to driving a gasoline-powered car between 1,600 and 2,600 kilometres.
The proof of work (PoW) process of bitcoin mining consumes an estimated amount of 63 terawatt-hours (TWh) of electricity annually, roughly the same as the annual energy consumption of Poland.
Possible solutions? 1. Improve data centre efficiency; 2. Use renewable energy; 3. Advancing cloud computing. Read the full article here.
Source: Chris Wildt via CartoonStock.
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