Correction BitcoinCarbon Footprint story

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By Associated Press June 14 at 9:32 AM BERLIN — In a story June 13 about the carbon footprint of bitcoin, The Associated Press reported erroneously that the electricity required for a bitcoin transaction results in hundreds of times as much CO2 emitted as a credit card payment. 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. 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. It is hundreds of thousands of times as much.

Article PreviewBy Associated Press June 14 at 9:32 AM

BERLIN — In a story June 13 about the carbon footprint of bitcoin, The Associated Press reported erroneously that the electricity required for a bitcoin transaction results in hundreds of times as much CO2 emitted as a credit card payment. It is hundreds of thousands of times as much.

A corrected version of the story is below:

Researchers: bitcoin’s carbon footprint equal to Las Vegas

Researchers calculate that the electricity required for the virtual currency bitcoin generates as much carbon dioxide as cities like Las Vegas or Hamburg

By FRANK JORDANS

Associated Press

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...

Read the full article @ The Washington Post