Bitcoin energy use up but carbon emissions drop, Bloomberg crypto analyst reveals

Bitcoin energy use up but carbon emissions drop, Bloomberg crypto analyst reveals
фото показано с : cryptoslate.com

2023-9-14 14:35

Quick Take

Bloomberg crypto market analyst Jamie Coutts stated that carbon emissions have declined despite an increase in Bitcoin energy usage.

Over the last few years, the Bitcoin hash rate – the computational power dedicated to Bitcoin mining – has quadrupled. Surprisingly, this substantial increase has only resulted in a slight 6.9% rise in carbon emissions.

Coutts suggests that Bitcoin miners are not emissions sources but purchased electricity consumers. This is substantiated by data showing a decrease in emissions since 2021. At their peak, emissions reached 60.9 megatonnes of carbon dioxide equivalent. However, following China’s 2021 Bitcoin mining ban, there’s been a dramatic 37.5% reduction in carbon emissions.

This data analysis prompts a reevaluation of the environmental impacts traditionally associated with Bitcoin mining and encourages a nuanced understanding of the emerging crypto market’s infrastructure.

BTC Hash Rate and Emissions: (Source: Jamie Coutts @ Bloomberg)

The post Bitcoin energy use up but carbon emissions drop, Bloomberg crypto analyst reveals appeared first on CryptoSlate.

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bitcoin bloomberg crypto analyst energy carbon emissions

Источник: cryptoslate.com

bitcoin bloomberg → Результатов: 126


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