28/11/19 06:29 UTC-5

Experts have proven that mining Bitcoin does not harm the environment

MiningScientists have found that mining BTC does not affect the climate
Scientists have found that mining BTC does not affect the climate

Researchers at Aalborg University have proven that miningMining
– is a type of activity for creating new blocks in the Blockchain to ensure proper system operation. Details
Bitcoin through mining installations does not affect climate change. Scientists have denied the version of the emission of 63 megatons of CO2 per year, according to a publication in newscientist.


BTC mining does not affect the climate

To prove the non-involvement of Bitcoin mining in climate change, experts examined the mining industry in China. Statistics show that the largest portion of BTC mining in the world takes place here.

Scientists have come to the conclusion that the total number of carbon dioxide emissions does not exceed acceptable standards. So, earlier scientists put forward the version that mining brings 63 megatons of CO2 annually. In 2018, the figure was 17.29 megatons.

Experts note that 74.1% of mining installations use alternative energy sources for the extraction of the main cryptocurrency.

Interesting in the section: What will happen when 21 million Bitcoins are mined?

See also: "The former Soviet Aluminum Plant is now mining Bitcoin"

#China #mining #Bitcoin #climate #mininginstallations

Editor: Daria Mukhina


02/12/19 06:44 UTC-5

IMF requires Georgia report on cryptocurrency mining

The International Monetary Fund calls Georgia the fourth largest BTC miner in the world. The institution believes that the country's government should include the income from cryptocurrency mining in the report, as trend.az reports.

05/08/19 05:16 UTC-5

The mined cryptocurrency can now be displayed on the Coinbase exchange

​NiceHash cryptocurrency mining service announced the opening of ways to transfer cryptocurrency directly to the Coinbase crypto-exchange. According to the information, now users of cloud mining will be able to exchange the received coins without using a personal wallet.

31/10/19 05:00 UTC-5

247Solar offers solar energy for the mining industry

247Solar began work on the sale of concentrated solar power (CSP) technology for the global mining industry through ROST International Trading Limited, which announced the news on October 30th.