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Bitcoin mining in China could soon generate as much carbon emissions as some European countries, study finds

Bitcoin mining in China could soon generate as much carbon emissions as some European countries, study finds
CNN
3 hrs ago
By Alexis Benveniste, CNN Business
© Liu Xingzhe/Chinafile/EPA/Shutterstock
Internet cables and power cables at a bitcoin mine in Sichuan Province, China, on September 27, 2016.
Bitcoin s soaring popularity could have a long-lasting negative effect on the environment.
Cryptocurrency mining requires significant computer power and electricity, and the increase in bitcoin purchases leaves behind a hefty carbon footprint.
But just how much is bitcoin mining contributing to global warming?
In China alone, bitcoin is projected to generate more than 130 million metric tons of carbon emissions by the time the technology s energy consumption peaks in 2024, according to a new study published in the scientific journal Nature Communications. ....

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Bitcoin mining in China could soon generate as much carbon emissions as some European countries, study finds

Bitcoin mining in China could soon generate as much carbon emissions as some European countries, study finds
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.

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As Bitcoin's Environmental Devastation Grows, Economic Solutions Are Needed

Mar 11, 2021 // It was designed to take the middle man out of digital monetary transfers. It began operating without a central bank or authority government in 2009, regulating itself through a digital ledger known as blockchain which records every transaction ever carried out in the currency. ....

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Mining Bitcoin With Natural Gas Could Reduce Energy Waste

Like the prospectors during the California gold rush of 1849, today s cryptocurrency miners seek gold from them thar hills, and this time those hills just happen to be in Wyoming.
Mining for cryptocurrencies, such as Bitcoin, Litecoin, and Dogecoin, doesn t require a pickax and a gold pan. Instead, cryptocurrency miners earn Bitcoin by verifying Bitcoin transactions, such as buying and selling.
How is Bitcoin mined?
In a process conceived by Bitcoin s anonymous founder, Satoshi Nakamoto, miners complete blocks of transactions on the
blockchain, which is an electronic ledger.
Bitcoin miners verify transactions, making sure that the same coin has not been bought or sold twice. The transactions are in 1 MB (megabyte) ....

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Taiwan Prosecutors Accuse China's Bitmain of Illegally Poaching TSMC, MediaTek Engineers

Mar 9, 2021 07:58 EST
Bitmain, a Beijing-based company best known for producing hardware for cryptocurrency mining, set up front companies in Taiwan in contravention of local law to hire semiconductor engineers with lucrative pay packages to develop AI technology for export to China, prosecutors in Taiwan allege.
According to local media reports, Bitmain set up two front companies in Taiwan under the names IC Link Limited Company and WiseCore to hire top engineers from Taiwan Semiconductor Manufacturing Company (TPE:2330) and MediaTek (TPE:2454). Although it isn’t illegal for China-based companies to set up branch offices in Taiwan, it requires registration with the government and it’s closely monitored under provisions in the ....

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