Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: Rakin343 on July 02, 2021, 11:48:47 PM
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According to publicly available data from the University of Cambridge Centre for Alternative Finance and the International Energy Agency, or IEA, bitcoin (BTC) carbon emission intensity may have already peaked.
The environmental impact of bitcoin's electricity usage is a favorite talking point of its critics and journalists on the crypto beat. But taking in the available data, Hass McCook, a retired chartered professional engineer, reckons bitcoin's carbon emissions "have already peaked a few months ago."
McCook unpacked the data and defended that conclusion in a guest post on Bitcoin Magazine's website Friday:
"From the above, it would appear that Bitcoin’s emissions peaked a few months ago, and thankfully, with the banning of Bitcoin mining in China, has commenced its aggressive march down to zero emissions. It is expected that in the worst case, emissions from Bitcoin in five years will be less than a third of its emissions today, and in 10 years, Bitcoin will emit nothing at all."
BitAll's bitcoin mining infrastructure was created over the last 12 years, giving miners the "second mover advantage" to avail their operations of the latest, most sustainable green tech for electricity to mine bitcoin.Source (https://cryptonews.net/945417/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared)