13.2 C
New York
Saturday, December 3, 2022

Latest Posts

The negative impact of bitcoin on the climate turned out to be higher than in the production of meat and oil production

- Advertisement -

THIS MESSAGE (MATERIAL) IS CREATED AND (OR) DISTRIBUTED BY A FOREIGN MASS MEDIA PERFORMING THE FUNCTIONS OF A FOREIGN AGENT AND (OR) A RUSSIAN LEGAL ENTITY PERFORMING THE FUNCTIONS OF A FOREIGN AGENT.

- Advertisement -

Researchers in the US have found that bitcoin, the most popular cryptocurrency in the world, causes far more environmental damage than meat production and almost as much as oil. This is reported by Gismeteo, citing specialists from the University of New Mexico.

Scientists have found that between 2016 and 2021, greenhouse gas emissions from bitcoin increased from one metric ton per coin to 113 tons per coin. At the same time, it is noted that each bitcoin mined over the past year cost $11,000 in climate damage, which amounted to $3.7 million for the entire year.

It is noted that bitcoin is a multi-billion dollar industry that has caused climate damage by 35% of its market value over a five-year period. According to experts, if you take one dollar from bitcoin, then about 35 cents of it is attributable to climate damage.

- Advertisement -

For comparison, the researchers noted that in the case of gas, the damage is estimated at 46 cents, and for oil, this figure is about 41 cents. At the same time, the damage from bitcoin is greater than from the production of meat, where this figure is 33 cents, and for gold mining it is only 4 cents, despite the fact that none of these industries is considered environmentally friendly.

Source: Rosbalt

- Advertisement -
spot_imgspot_imgspot_img

Latest Posts

Don't Miss

Stay in touch

To be updated with all the latest news, offers and special announcements.