CCAF’s bitcoin mining study claims that the Bitcoin network produces 48.35 million tons of carbon dioxide per annum.
The report highlights how bitcoin’s increasing popularity has put a spotlight on “environmental issues associated with the production of Bitcoin.”
CCAF’s study claims that the Bitcoin network produces 48.35 million tons of carbon dioxide per annum. The metric equates to roughly 0.10% of global greenhouse gas emissions and Neumueller says it’s about “14.1% lower than the estimated GHG emissions in 2021.”Neumueller’s research further details that 37.6% of the energy leveraged by bitcoin miners derives from sustainable types of energy. CCAF’s “best-guess estimate” of 0.
Annualized GHG emissions as of September 21, 2022, via the Cambridge Centre for Alternative Finance . Bitcoin mining energy represents a touch less than half of the 100.4 million tons of carbon dioxide gold mining uses per year. Neumueller believes that the GHG emissions in 2022 were lower than in 2021 because of a “substantial decrease in mining profitability.”
CCAF notes that the decline may have been during a shift from less efficient mining rigs to more efficient next-generation machines. Neumueller says that CCAF’s assumption has been “confirmed by
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin mining represents 0.1% of global greenhouse gas emissions, study findsBitcoin mining accounts for 0.10% of greenhouse gas emissions globally, according to a new report from the Cambridge Centre for Alternative Finance.
Read more »
Bitcoin Mining's Sustainable Electricity Mix May Be Declining, Says Cambridge University Research Organization.CambridgeAltFin's latest research into bitcoin mining suggests the mix of sustainable electricity being used is in decline. By JamieCrawley
Read more »
Bitcoin mining struggles to go green, research showsFossil fuels made up some 62% of bitcoin’s energy mix in January 2022, the latest data available, versus 65% a year earlier, the research by the Cambridge Bitcoin Electricity Consumption Index showed.
Read more »
Bitcoin mining stock report: Monday, September 26Here's how crypto mining companies performed on Monday, Sept. 26.
Read more »
Treasury Secretary Yellen to Tout Biden's Clean Energy Tax Incentives in Inflation Reduction ActThe new incentives put the nation on a “strong course” toward substantially cutting greenhouse gas emissions by the end of the decade, Yellen will say.
Read more »