Sunday, December 29, 2024

Bitcoin Mining’s Carbon Footprint

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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