Bitcoin Mining - Electricity usage and Carbon Emissions!

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In recent years, the bitcoin mining is becoming more dense due to the boost of the cryptocurrency market. The chains that have been operating in the affordable area of ​​power costs, due to excessive electricity consumption, resulting in sanctions by the local government, and the recycling environment is also considering.

Although a significant scale electric consumption occurs due to bitcoin mining, it is a significant scale of carbon emissions consumed to generate such electricity. If you quote the results of the Nature, when the present trend reflects the current trend, the carbon emission due to the bitcoin mining is 130.5 million tons, as of 2019, It is the same as that of 14% of world carbon emissions. Also BTC Mining is also disposing massive amount of electronic waste every year and the more people tend to bitcoin adoption and mining, the more will be the generated e-waste.

Excessive electric consumption and large-scale carbon emissions according to these bit coin mining may be burdened to the sustainability of the bit coin ecosystem. Of course, the change in the alternative and change of the local cake, change and evolution of the power production source change, but the issue in the area, which accountsia as a significant amount of the minute, may be burdened with stable supply.

The electricity consumption due to the bitcoin mining of China is that by 2024, it seems to be 296 terabytes -Hours to twice the recent annual energy consumption of the entire network. The annual energy consumption due to the bitcoin mining with the current standard is 137 TWH. It is the same amount as electric consumption for years of Argentina.

Bitcoin mining seems to be inexpensively dispersed in emerging economies and China, which can be gradually dispersed into US mainland or other countries. Canada's Tech Company seems to work with the Oil and Gas company to plan bitcoin mining. The energy source that generates electricity seems to utilize energy or renewable energy that is abandoned. The autonomous Republic of the Black Sea, which had a lot of electricity costs and the bitcoin, has prohibited the encryption mining.

Electricity for excessive illegal cryptographic mining is prohibited as a bill because the electrostaticity was continued. Mining and mining equipment imports are becoming a sanctions. Because of the encryption, the real life is affected and it seems that there is no choice but to make sanctions. Through the mining cryptosis, it will be necessary to reduce the area, and the real-time structure used for the construction of the power plant and the duration industry is gradually introduced into the community.

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