abc.net.au/news/bitcoin-mining-emissions-comparable-to-beef/101487788Bitcoin mining in 2020 used more energy than Austria or Portugal, and its emissions as a proportion of market value were comparable to the beef industry, a new study has found.
Between 2016 and 2021, emissions to produce each coin increased from under a tonne to 113 tonnes per coin, according to the researchers. During periods when Bitcoin's market value slumped, the estimated climate costs from mining emissions overtook the value of the coin itself.Bitcoin uses the "proof of work" or PoW protocol. This gives the currency built-in security, but also makes it intentionally laborious to mine, according to economist John Hawkins from the University of Canberra.
Cryptocurrency is the biggest online gambling in the world 🌎
How does the global banking industry's energy consumption compare with that of bitcoin?
You know something is a good idea when the ABC try crap on it. I might actually buy some now.
Ooo wow. Y’all are old.