RATE Group | Bitcoin Impact on Climate Change Negligible, Nearly Half of Emissions From China
69300
post-template-default,single,single-post,postid-69300,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Bitcoin Impact on Climate Change Negligible, Nearly Half of Emissions From China

20 Nov Bitcoin Impact on Climate Change Negligible, Nearly Half of Emissions From China

Posted at 19:51h in Bitcoin News by

[ad_1]

Recently, it was reported that Bitcoin mining now consumes as much as a quarter percent of the entire world’s electricity supply, putting it on par or higher than many small nations.

However, the actual emissions and impact on climate change, according to a new study, aren’t as negative as once believed.

Bitcoin Mining Emissions Aren’t As Bad As Once Believed

Bitcoin’s blockchain network is secured and validated through a process called proof-of-work, where “miners” utilize powerful computer processing to solve complex mathematical equations.

Related Reading | Bitcoin Mining Now Consumes A Quarter Percent Of Global Electricity

Specially designed computers consume large amounts of electricity in order to solve these mathematical equations. Miners are rewarded for their time, effort, and expensive in electricity with a set amount of Bitcoin – currently at 12.5 BTC.

Mining difficulty rises as time goes by, requiring more and more energy supply. Meanwhile, the reward miners…

[ad_2]

Source link

Tags:
, , , , , ,