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Bitcoin mining impact on climate change is much less than you might expect

Study shows Bitcoin mining had little impact on climate change while over 50 percent of emissions were released from China.


Statistics showed that Bitcoin (BTC) mining exhausts nearly 0.25 percent of the world’s electricity supply. Despite the huge electricity consumption the emissions due to BTC mining are almost negligible.


Bitcoin Mining and its effect on global climate


Bitcoin’s network is secured by a proof-of-work protocol in which participants use powerful computing machines to solve complex math equations. These mining machines – also known as mining rigs – require a great amount of electricity to function. These participants are called miners and are awarded for their effort and utility costs for mining. Currently mining a single Bitcoin block rewards a miner with 12.5 Bitcoins.


As more blocks are mined the mining difficulty also increases. As the number of blocks mined gets nearer to the total supply the block reward is halved through an event called halving. At each halving Bitcoin mining difficulty increases as well as mining rewards. Read More...

Bitcoin mining impact on climate change is much less than you might expect
Bitcoin (BTC) is actually good for the environment