RATE Group | Bitcoin’s Carbon Footprint Lower Than Previously Thought
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Bitcoin’s Carbon Footprint Lower Than Previously Thought

27 Nov Bitcoin’s Carbon Footprint Lower Than Previously Thought

Posted at 11:53h in Bitcoin News by

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Fresh research has challenged the perception that Bitcoin (BTC) mining is irreconcilable with tackling climate change. Major science and technology magazine The New Scientist published a report on the new findings on Nov. 20.

Prior research over-reliant on “blanket” assumptions

In their study, Susanne Köhler and Massimo Pizzol at Aalborg University in Denmark have criticized the assumptions underlying earlier claims that Bitcoin’s energy consumption may be as high as 63 megatonnes of CO2 annually, the New Scientist notes.

Such estimates rest on the assumption that carbon emissions from electricity generation are uniform across China — a country that continues to command a major share of global Bitcoin mining.

China accounts for 47 per cent of bitcoin's carbon emissions

Source: Susanne Köhler and Massimo Pizzol via The New Scientist 

Yet breaking down the mining landscape in China to account for regional differences presents a different picture, resulting in a significantly lower estimated global footprint for Bitcoin of 17.29…

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