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Bitcoin doesn't use several countries worth of CO2. It has been "calculated" that "cryptocurrency" uses as much electricity as a small country. But that is not
by beiller 6y ago
Bitcoin doesn't use several countries worth of CO2. It has been "calculated" that "cryptocurrency" uses as much electricity as a small country. But that is not Bitcoin. Bitcoin does not use GPUs to mine. They use specialized chips which are far more efficient than GPUs. Etherium is the currency burning all the electricity. Also, you are conflating CO2 with electricity. Which is not correct in my opinion because electricy can generated via nuclear, wind and solar. In fact,any miners migrate to those power generation modes because it's cheaper for them. Electricity price is part of the ROI of mining.
- wk_end 6y agoPlease see https://cbeci.org/cbeci/comparisons https://cbeci.org/cbeci/comparisons If Bitcoin were a country, on its own, it'd be ranked 27th in the world on energy consumption. Looking at the chart there it very clearly uses as much energy as several countries (say: New Zealand, Hungary, and Peru) put together.