An expert assessed the devastating impact of Bitcoin mining on the climate

MOSCOW, February 26 – RIA Novosti. The volume of carbon dioxide emissions released into the atmosphere due to bitcoin mining currently ranges from 37 to 70 million tons, Boris Bokarev, head of the project direction of the EnergyNet Infrastructure Center of the National Technology Initiative (NTI), told RIA Novosti. “The climate footprint of bitcoin mining is from 37 to 70 million tons of carbon dioxide, “Bokarev replied to the question of how mining has affected the environment today.

“It is possible to reduce CO2 (carbon dioxide) emissions from mining by using energy efficient equipment or using” green “energy. A transaction on the bitcoin network does consume more electricity than other methods of transferring money. However … it is important to consider not electricity consumption for mining, namely the entire climate footprint. The work of the entire banking sector is not limited to card transactions and must be fully assessed, “he said.

According to Bokarev, the global volume of energy consumption for Bitcoin mining is in the range of 75-125 billion kWh per year. Russia accounts for about 6% of this indicator.

“Taking into account the rise in the price of bitcoin and the recent supply of 50 MW mining equipment to Russia, the share of the Russian Federation may increase significantly by the end of the year,” he stressed.

Last Sunday, the value of bitcoin broke another historical record, reaching $ 58,352, after which it fell sharply on Monday, going below the psychological mark of $ 50,000 and reaching $ 44,892. Thus, the fall from the maximum was 23%. Before that, the value of bitcoin has been growing for four weeks in a row, starting at the end of January. During this time, bitcoin has risen in price 1.7 times – up to 56 thousand from almost 32 thousand dollars a month ago.

Author: wedocount

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