Published 2 years ago

Environmental toll of Bitcoin similar to beef production, crude oil: study

Summary by Ground News

New research puts the climate damage of Bitcoin on par with pollution from the beef production industry and crude oil burned as gasoline. Carbon emissions for mining a single bitcoin rose from 0.9 tons in 2016 to 113 tons in 2021, a 126-fold increase. Bitcoin mining used 75.4 terawatt hours of electricity in 2020, more than Austria (69.9) or Portugal (48.4)

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The Guardian

Bitcoin climate impact greater than gold mining, study shows

Environmental damage of producing cryptocurrency averages 35% of its market value over past five years

2 years ago·London, United Kingdom

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The Independent

Bitcoin ‘as bad for environment as beef production’

Digital cryptocurrency uses more energy than mining gold, reports Maryam Zakir-Hussain

2 years ago·London, United Kingdom

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NDTV

Bitcoin Mining's Climate Damage Is As Bad For Earth As Beef, Fossil Fuel: Study

Between 2016 and 2021, the amount of emissions needed to produce one coin grew from less than a tonne to 113 tonnes.

2 years ago·New Delhi, India

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ABC Australia

Crypto mining 'arms race' is chewing through more energy than some nations

Emissions from Bitcoin mining jumped 126-fold between 2016 and 2021, and the process used more energy than Austria or Portugal, a new study shows.

2 years ago·Australia

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The Hill

Environmental toll of Bitcoin similar to beef production, crude oil: study

Story at a glance Online crypto currencies can use an enormous amount of energy. To better estimate the environmental impacts of Bitcoin mining, researchers assessed its ‘social cost of carbon’ val…

2 years ago·Washington, United States

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