Researchers bitcoin’s carbon footprint equal to Las Vegas

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Writing in the journal Joule, researchers said they then combined the results with the carbon emissions from electricity production in the countries where the computers were located. A study by researchers at the Technical University of Munich and the Massachusetts Institute of Technology, examined how much power is consumed by computers used to generate bitcoins and process transactions. By Frank Jordans | AP June 13 at 12:05 PM BERLIN — The virtual currency bitcoin is responsible for the same amount of carbon dioxide emissions as a city like Las Vegas or Hamburg and efforts to reduce its climate footprint should be considered, researchers said Thursday. Alex de Vries, a bitcoin researcher who wasn’t involved in the study, questioned whether the method used to determine the location of computers was reliable enough. The environmental impact of bitcoin, which is the most important virtual currency, has long been a concern, especially given its limited uptake.

Article PreviewBy Frank Jordans | AP June 13 at 12:05 PM

BERLIN — The virtual currency bitcoin is responsible for the same amount of carbon dioxide emissions as a city like Las Vegas or Hamburg and efforts to reduce its climate footprint should be considered, researchers said Thursday.

A study by researchers at the Technical University of Munich and the Massachusetts Institute of Technology, examined how much power is consumed by computers used to generate bitcoins and process transactions.

Writing in the journal Joule, researchers said they then combined the results with the carbon emissions from electricity production in the countries where the computers were located.

They concluded that, in late 2018, the entire bitcoin network was responsible for 22-22.9 million tons of CO2 per year — similar to a large Western city or an entire developing country like Sri Lanka. Total global emissions of the greenhouse gas from the burning of fossil fuels were about 37 billion...

Read the full article @ The Washington Post