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

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Bitcoin mining in China could soon generate as much carbon emissions as some European countries, study findsBy Alexis Benveniste, CNN BusinessUpdated 1227 GMT (2027 HKT) April 9, 2021 ‘use strict’;CNN.Videx = CNN.Videx || {};CNN.Videx.mobile = {};CNN.INJECTOR.executeFeature(‘video’).then(function () {CNN.VideoPlayer.handleUnmutePlayer = function handleUnmutePlayer(containerId, dataObj) {‘use strict’;var playerInstance,playerPropertyObj,rememberTime,unmuteCTA,unmuteIdSelector = ‘unmute_’ + containerId,isPlayerMute;dataObj = dataObj || {};if (CNN.VideoPlayer.getLibraryName(containerId) ===…

imageBitcoin mining in China could soon generate as much carbon emissions as some European countries, study findsBy Alexis Benveniste, CNN BusinessUpdated 1227 GMT (2027 HKT) April 9, 2021 ‘use strict’;CNN.Videx = CNN.Videx || {};CNN.Videx.mobile = {};CNN.INJECTOR.executeFeature(‘video’).then(function () {CNN.VideoPlayer.handleUnmutePlayer = function handleUnmutePlayer(containerId, dataObj) {‘use strict’;var playerInstance,playerPropertyObj,rememberTime,unmuteCTA,unmuteIdSelector = ‘unmute_’ + containerId,isPlayerMute;dataObj = dataObj || {};if (CNN.VideoPlayer.getLibraryName(containerId) === ‘fave’) {playerInstance = FAVE.player.getInstance(containerId) || null;} else {playerInstance = containerId && window.cnnVideoManager.getPlayerByContainer(containerId).videoInstance.cvp || null;}isPlayerMute = (typeof dataObj.muted === ‘boolean’) ? dataObj.muted : false;if (CNN.VideoPlayer.playerProperties && CNN.VideoPlayer.playerProperties[containerId]) {playerPropertyObj = 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Jeanne Moos wonders if it will take off.”},{“title”:”These are all the complications AstraZeneca’s vaccine has faced”,”duration”:”03:46″,”sourceName”:”CNN”,”sourceLink”:”https://crypto247.news/wp-content/uploads/2021/04/trendomatic/210401061608-01-astrazeneca-covid-19-vaccine-serbia-0323-large-169.jpg”,”videoUrl”:”/videos/business/2021/04/08/astrazeneca-anna-stewart-pkg-intl-ldn-vpx.cnn/video/playlists/business-news/”,”description”:”CNN’s u003ca href=”http://www.cnn.com/profiles/anna-stewart” target=”_blank”>Anna Stewartu003c/a> reports on the controversies and complications surrounding the AstraZeneca Covid-19 vaccine.”,”descriptionText”:”CNN’s u003ca href=”http://www.cnn.com/profiles/anna-stewart” target=”_blank”>Anna Stewartu003c/a> reports on the controversies and complications surrounding the AstraZeneca Covid-19 vaccine.”},{“title”:”Lyft co-founder: Supporting voter access is important for business”,”duration”:”04:55″,”sourceName”:”CNNBusiness”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2021/04/07/lyft-john-zimmer-georgia-voting-law.cnnbusiness/index.xml”,”videoId”:”business/2021/04/07/lyft-john-zimmer-georgia-voting-law.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/200812142317-lyft-car-driver-file-large-169.jpg”,”videoUrl”:”/videos/business/2021/04/07/lyft-john-zimmer-georgia-voting-law.cnnbusiness/video/playlists/business-news/”,”description”:”John Zimmer, co-founder and president of Lyft, opposes Georgia’s restrictive voting law saying, “elected officials should make it easier not harder to vote.””,”descriptionText”:”John Zimmer, co-founder and president of Lyft, opposes Georgia’s restrictive voting law saying, “elected officials should make it easier not harder to vote.””},{“title”:”Dick Parsons: Georgia law is a bald-faced attempt to suppress Black vote”,”duration”:”02:47″,”sourceName”:”CNN Business”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2021/04/06/dick-parsons-georgia-voting-law-zw-orig.cnn-business/index.xml”,”videoId”:”business/2021/04/06/dick-parsons-georgia-voting-law-zw-orig.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/210406110030-dick-parsons-file-2021-large-169.jpg”,”videoUrl”:”/videos/business/2021/04/06/dick-parsons-georgia-voting-law-zw-orig.cnn-business/video/playlists/business-news/”,”description”:”In an interview with CNN Business’ Matt Egan, former Time Warner CEO Dick Parsons says Georgia’s restrictive voting law is “bone-headed” and corporate America had a responsibility to respond.”,”descriptionText”:”In an interview with CNN Business’ Matt Egan, former Time Warner CEO Dick Parsons says Georgia’s restrictive voting law is “bone-headed” and corporate America had a responsibility to respond.”},{“title”:”Restaurants are still struggling, but see hope on the horizon”,”duration”:”02:55″,”sourceName”:”CNN”,”sourceLink”:”https://www.cnn.com“,”videoCMSUrl”:”/video/data/3.0/video/business/2021/04/02/restaurant-industry-coronavirus-pandemic-biden-relief-bill-yurvevich-newday-vpx.cnn/index.xml”,”videoId”:”business/2021/04/02/restaurant-industry-coronavirus-pandemic-biden-relief-bill-yurvevich-newday-vpx.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/210402080454-resturant-yurkevcih-pkg-1-large-169.jpg”,”videoUrl”:”/videos/business/2021/04/02/restaurant-industry-coronavirus-pandemic-biden-relief-bill-yurvevich-newday-vpx.cnn/video/playlists/business-news/”,”description”:”CNN’s Vanessa Yurkevich speaks to 3 restaurant owners across the nation about surviving the coronavirus pandemic.They have made it this far, but what will it take to get them the rest of the way through?”,”descriptionText”:”CNN’s Vanessa Yurkevich speaks to 3 restaurant owners across the nation about surviving the coronavirus pandemic.

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law and tells CNN’s Poppy Harlow what the company is doing to ensure “fair and equal access to the polls.””},{“title”:”Elon Musk’s company says this monkey is playing Pong with his mind”,”duration”:”01:41″,”sourceName”:”CNN”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2021/04/09/elon-musk-neuralink-monkey-lon-orig.cnn/index.xml”,”videoId”:”business/2021/04/09/elon-musk-neuralink-monkey-lon-orig.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/210409111838-neuralink-monkey-pong-grab-large-169.jpg”,”videoUrl”:”/videos/business/2021/04/09/elon-musk-neuralink-monkey-lon-orig.cnn/video/playlists/business-news/”,”description”:”Elon Musk’s Neuralink says it has used brain implants to allow a monkey to play a video game with his mind.”,”descriptionText”:”Elon Musk’s Neuralink says it has used brain implants to allow a monkey to play a video game with his mind.”},{“title”:”The truth behind Covid-19 vaccines for sale on the dark 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nationwide ketchup packet shortage”,”duration”:”01:53″,”sourceName”:”CNN”,”sourceLink”:”https://www.cnn.com“,”videoCMSUrl”:”/video/data/3.0/video/business/2021/04/07/restaurant-shortages-coronavirus-ketchup-foreman-pkg-vpx-lead.cnn/index.xml”,”videoId”:”business/2021/04/07/restaurant-shortages-coronavirus-ketchup-foreman-pkg-vpx-lead.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/210408121731-02-heinz-ketchup-packets-file-restricted-large-169.jpg”,”videoUrl”:”/videos/business/2021/04/07/restaurant-shortages-coronavirus-ketchup-foreman-pkg-vpx-lead.cnn/video/playlists/business-news/”,”description”:”Due to the coronavirus pandemic, a shortage of ketchup packets is impacting restaurants across the country.CNN’s u003ca href=”http://www.cnn.com/profiles/tom-foreman-profile” target=”_blank”>Tom Foremanu003c/a> reports.

“,”descriptionText”:”Due to the coronavirus pandemic, a shortage of ketchup packets is impacting restaurants across the country.

CNN’s u003ca href=”http://www.cnn.com/profiles/tom-foreman-profile” target=”_blank”>Tom Foremanu003c/a> reports.”},{“title”:”Norwegian Cruise Line CEO to CDC: We want to be treated fairly”,”duration”:”03:53″,”sourceName”:”CNN”,”sourceLink”:”https://www.cnn.com“,”videoCMSUrl”:”/video/data/3.0/video/business/2021/04/08/norwegian-cruise-line-cdc-safety-pitch-to-sail-sot-newday-vpx.cnn/index.xml”,”videoId”:”business/2021/04/08/norwegian-cruise-line-cdc-safety-pitch-to-sail-sot-newday-vpx.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/210408084153-frank-del-rio-large-169.jpg”,”videoUrl”:”/videos/business/2021/04/08/norwegian-cruise-line-cdc-safety-pitch-to-sail-sot-newday-vpx.cnn/video/playlists/business-news/”,”description”:”US-based Norwegian Cruise Line President and CEO Frank Del Rio spoke to CNN’s Erica Hill about the proposal he sent to the Centers for Disease Control and Prevention requesting to sail as early as July amid a global pandemic.”,”descriptionText”:”US-based Norwegian Cruise Line President and CEO Frank Del Rio spoke to CNN’s Erica Hill about the proposal he sent to the Centers for Disease Control and Prevention requesting to sail as early as July amid a global pandemic.”},{“title”:”This airplane-shaped bag is selling for more than some actual planes”,”duration”:”02:18″,”sourceName”:”CNN”,”sourceLink”:”https://www.cnn.com“,”videoCMSUrl”:”/video/data/3.0/video/business/2021/04/08/jeanne-moos-airplane-bag-vpx.cnn/index.xml”,”videoId”:”business/2021/04/08/jeanne-moos-airplane-bag-vpx.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/210407200939-airplane-bag-getty-screengrab-vpx-large-169.jpg”,”videoUrl”:”/videos/business/2021/04/08/jeanne-moos-airplane-bag-vpx.cnn/video/playlists/business-news/”,”description”:”Louis Vuitton sells $39,000 bag shaped like an airplane.Jeanne Moos wonders if it will take off.”,”descriptionText”:”Louis Vuitton sells $39,000 bag shaped like an airplane.Jeanne Moos wonders if it will take off.”},{“title”:”These are all the complications AstraZeneca’s vaccine has faced”,”duration”:”03:46″,”sourceName”:”CNN”,”sourceLink”:”https://crypto247.news/wp-content/uploads/2021/04/trendomatic/210401061608-01-astrazeneca-covid-19-vaccine-serbia-0323-large-169.jpg”,”videoUrl”:”/videos/business/2021/04/08/astrazeneca-anna-stewart-pkg-intl-ldn-vpx.cnn/video/playlists/business-news/”,”description”:”CNN’s u003ca href=”http://www.cnn.com/profiles/anna-stewart” target=”_blank”>Anna Stewartu003c/a> reports on the controversies and complications surrounding the AstraZeneca Covid-19 vaccine.”,”descriptionText”:”CNN’s u003ca href=”http://www.cnn.com/profiles/anna-stewart” target=”_blank”>Anna Stewartu003c/a> reports on the controversies and complications surrounding the AstraZeneca Covid-19 vaccine.

“},{“title”:”Lyft co-founder: Supporting voter access is important for business”,”duration”:”04:55″,”sourceName”:”CNNBusiness”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2021/04/07/lyft-john-zimmer-georgia-voting-law.cnnbusiness/index.xml”,”videoId”:”business/2021/04/07/lyft-john-zimmer-georgia-voting-law.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/200812142317-lyft-car-driver-file-large-169.jpg”,”videoUrl”:”/videos/business/2021/04/07/lyft-john-zimmer-georgia-voting-law.cnnbusiness/video/playlists/business-news/”,”description”:”John Zimmer, co-founder and president of Lyft, opposes Georgia’s restrictive voting law saying, “elected officials should make it easier not harder to vote.””,”descriptionText”:”John Zimmer, co-founder and president of Lyft, opposes Georgia’s restrictive voting law saying, “elected officials should make it easier not harder to vote.””},{“title”:”Dick Parsons: Georgia law is a bald-faced attempt to suppress Black vote”,”duration”:”02:47″,”sourceName”:”CNN Business”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2021/04/06/dick-parsons-georgia-voting-law-zw-orig.cnn-business/index.xml”,”videoId”:”business/2021/04/06/dick-parsons-georgia-voting-law-zw-orig.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/210406110030-dick-parsons-file-2021-large-169.jpg”,”videoUrl”:”/videos/business/2021/04/06/dick-parsons-georgia-voting-law-zw-orig.cnn-business/video/playlists/business-news/”,”description”:”In an interview with CNN Business’ Matt Egan, former Time Warner CEO Dick Parsons says Georgia’s restrictive voting law is “bone-headed” and corporate America had a responsibility to respond.”,”descriptionText”:”In an interview with CNN Business’ Matt Egan, former Time Warner CEO Dick Parsons says Georgia’s restrictive voting law is “bone-headed” and corporate America had a responsibility to respond.”},{“title”:”Restaurants are still struggling, but see hope on the horizon”,”duration”:”02:55″,”sourceName”:”CNN”,”sourceLink”:”https://www.cnn.com“,”videoCMSUrl”:”/video/data/3.0/video/business/2021/04/02/restaurant-industry-coronavirus-pandemic-biden-relief-bill-yurvevich-newday-vpx.cnn/index.xml”,”videoId”:”business/2021/04/02/restaurant-industry-coronavirus-pandemic-biden-relief-bill-yurvevich-newday-vpx.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/210402080454-resturant-yurkevcih-pkg-1-large-169.jpg”,”videoUrl”:”/videos/business/2021/04/02/restaurant-industry-coronavirus-pandemic-biden-relief-bill-yurvevich-newday-vpx.cnn/video/playlists/business-news/”,”description”:”CNN’s Vanessa Yurkevich speaks to 3 restaurant owners across the nation about surviving the coronavirus pandemic.They have made it this far, but what will it take to get them the rest of the way through?”,”descriptionText”:”CNN’s Vanessa Yurkevich speaks to 3 restaurant owners across the nation about surviving the coronavirus pandemic.They have made it this far, but what will it take to get them the rest of the way through?”},{“title”:”Patrick Soon-Shiong: We have to recognize racism and ‘break it'”,”duration”:”04:04″,”sourceName”:”CNN”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2021/04/01/patrick-soon-shiong-racism-gr-orig.cnn/index.xml”,”videoId”:”business/2021/04/01/patrick-soon-shiong-racism-gr-orig.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/160115120350-cancer-moonshot-2020-patrick-soon-shiong-large-169.jpg”,”videoUrl”:”/videos/business/2021/04/01/patrick-soon-shiong-racism-gr-orig.cnn/video/playlists/business-news/”,”description”:”Billionaire businessman and surgeon Patrick Soon-Shiong tells CNN Business’ Matt Egan why he’s heartbroken by recent acts of racism against Asians.”,”descriptionText”:”Billionaire businessman and surgeon Patrick Soon-Shiong tells CNN Business’ Matt Egan why he’s heartbroken by recent acts of racism against Asians.”},{“title”:”Coca Cola, Delta Airlines strike back at Georgia voting laws”,”duration”:”02:24″,”sourceName”:”CNN”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2021/04/01/coca-cola-delta-georgia-voting-restrictions-lon-orig.cnn/index.xml”,”videoId”:”business/2021/04/01/coca-cola-delta-georgia-voting-restrictions-lon-orig.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/210315113019-georgia-voting-rights-billboard-campaign-large-169.jpg”,”videoUrl”:”/videos/business/2021/04/01/coca-cola-delta-georgia-voting-restrictions-lon-orig.cnn/video/playlists/business-news/”,”description”:”High-profile Georgia-based companies, including Coca-Cola and Delta Air Lines, have criticized Georgia’s restrictive new voting laws, which include a ban on giving water to waiting voters.”,”descriptionText”:”High-profile Georgia-based companies, including Coca-Cola and Delta Air Lines, have criticized Georgia’s restrictive new voting laws, which include a ban on giving water to waiting voters.”},{“title”:”‘I want women to be as rich as humanly possible’: Meet TikTok’s wealth coaches”,”duration”:”03:08″,”sourceName”:”CNN Business”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2021/03/31/tiktok-financial-advice-orig.cnn-business/index.xml”,”videoId”:”business/2021/03/31/tiktok-financial-advice-orig.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/210331171102-fintok-tiktok-tori-dunlap-delyanne-barros-large-169.jpg”,”videoUrl”:”/videos/business/2021/03/31/tiktok-financial-advice-orig.cnn-business/video/playlists/business-news/”,”description”:”Financial planners are usually older men.

But not on TikTok.

Meet the young women using the app to change the narrative around financial literacy.”,”descriptionText”:”Financial planners are usually older men.But not on TikTok.Meet the young women using the app to change the narrative around financial literacy.”},{“title”:”NFTs have completely transformed these digital artists’ lives”,”duration”:”05:41″,”sourceName”:”CNN”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2021/03/30/nft-crypto-js-orig.cnn/index.xml”,”videoId”:”business/2021/03/30/nft-crypto-js-orig.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/210329175232-nft-js-orig-2-large-169.jpg”,”videoUrl”:”/videos/business/2021/03/30/nft-crypto-js-orig.cnn/video/playlists/business-news/”,”description”:”CNN’s Jon Sarlin talks with Carlos Marcial and Osinachi, two of the many digital artists around the world who have seen their lives turned upside down with the booming market for NFTs —the digital tokens that have fueled the rise of an unprecedented market for digital art.”,”descriptionText”:”CNN’s Jon Sarlin talks with Carlos Marcial and Osinachi, two of the many digital artists around the world who have seen their lives turned upside down with the booming market for NFTs —the digital tokens that have fueled the rise of an unprecedented market for digital art.

“},{“title”:”This new P&G ad confronts stereotypes against Black Americans”,”duration”:”01:45″,”sourceName”:”CNN Business”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2021/03/29/pg-widen-the-screen-new-commercial-racism-zw-orig.cnn-business/index.xml”,”videoId”:”business/2021/03/29/pg-widen-the-screen-new-commercial-racism-zw-orig.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/210329160020-pg-widen-the-screen-1-large-169.jpg”,”videoUrl”:”/videos/business/2021/03/29/pg-widen-the-screen-new-commercial-racism-zw-orig.cnn-business/video/playlists/business-news/”,”description”:”P&G, which owns brands like Tide and Old Spice, just launched an ad campaign called “Widen the Screen.” It’s part of a larger effort by the company to confront racial stereotypes in media and give opportunities to Black creators.”,”descriptionText”:”P&G, which owns brands like Tide and Old Spice, just launched an ad campaign called “Widen the Screen.” It’s part of a larger effort by the company to confront racial stereotypes in media and give opportunities to Black creators.”}],’js-video_headline-featured-25vht5j’,”,”js-video_source-featured-25vht5j”,true,true,’business-news’);if (typeof configObj.context !== ‘string’ || configObj.context.length <= 0) {configObj.context = 'business'.replace(/[()-]/g, '');}configObj.videoCollection = 'business-news';CNN.VideoPlayer.getLibrary(configObj, videoHandler.getEventCallbackObject(), isLivePlayer, videoHandler.getMediaMetadataCallbacks());videoHandler.getCollectionCarouselElement().on('VIDEO_CAROUSEL_ITEM_CLICKED', CNN.VIDEOCLIENT.triggerSunrise);}});CNN.INJECTOR.scriptComplete('videodemanddust');JUST WATCHEDWhy bitcoin could triple over next yearReplayMore Videos ...MUST WATCH{"@context": "https://schema.org“,”@type”: “VideoObject”,”name”: “Why bitcoin could triple over next year”,”description”: “William Quigley, managing director of Magnetic, explains why he believes that bitcoin’s value can still rise dramatically into 2022.”,”thumbnailURL”: “https://crypto247.news/wp-content/uploads/2021/04/trendomatic/210219081655-02-bitcoin-file-exlarge-169.jpg”,”image”: “https://crypto247.news/wp-content/uploads/2021/04/trendomatic/210219081655-02-bitcoin-file-exlarge-169.jpg”,”duration”: “PT2M11S”,”uploadDate”: “2021-03-03T19:10:57Z”,”contentUrl”: “https://edition.cnn.com/videos/business/2021/03/03/bitcoin-crypto-william-quigley-markets-now.cnn-business”,”url”: “https://edition.cnn.com/videos/business/2021/03/03/bitcoin-crypto-william-quigley-markets-now.cnn-business”,”embedUrl”: “https://fave.api.cnn.io/v1/fav/?video=business/2021/03/03/bitcoin-crypto-william-quigley-markets-now.cnn-business&customer=cnn&edition=international&env=prod”} (16 Videos)Why bitcoin could triple over next yearLevi’s CEO has message for Mitch McConnell Elon Musk’s company says this monkey is playing Pong with his mindThe truth behind Covid-19 vaccines for sale on the dark webRestaurants face a nationwide ketchup packet shortageNorwegian Cruise Line CEO to CDC: We want to be treated fairlyThis airplane-shaped bag is selling for more than some actual planesThese are all the complications AstraZeneca’s vaccine has facedLyft co-founder: Supporting voter access is important for businessDick Parsons: Georgia law is a bald-faced attempt to suppress Black voteRestaurants are still struggling, but see hope on the horizonPatrick Soon-Shiong: We have to recognize racism and ‘break it’Coca Cola, Delta Airlines strike back at Georgia voting laws’I want women to be as rich as humanly possible’: Meet TikTok’s wealth coachesNFTs have completely transformed these digital artists’ livesThis new P&G ad confronts stereotypes against Black AmericansNew York (CNN Business)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.That amount of greenhouse gases would have surpassed the total annual emissions output from the Czech Republic and Qatar in 2016.The bitcoin blockchain could consume as much energy per year as small to medium-sized countries such as Denmark, Ireland or Bangladesh, according to research from Sinan Kufeogl, civil engineering research associate at the University of Cambridge.Read MoreAs bitcoin has grown in popularity, China has become a mecca for the technology.

If China’s bitcoin industry were a country, its total energy consumption would have ranked 12th globally in 2016, ahead of major economies like Italy and Saudi Arabia, according to the study.With specialized hardware and cheap electricity readily available, the country now accounts for more than 75% of the bitcoin network’s hashing power — the power a computer or hardware uses to run and solve algorithms that generate new cryptocurrency sums and allow transactions between them.”Since the bitcoin mining industry is so new, it has not been properly accounted for and regulated around the world,” Shouyang Wang, a co-author of the study and professor at Chinese Academy of Sciences, told CNN Business.Bitcoin mining hardware has evolved as the cryptocurrency’s popularity has increased over time.At its inception, bitcoin mining went through a basic Central Processing Unit (CPU) on a general-purpose computer, the study’s authors say.The process then evolved and shifted to Graphic Processing Units (GPUs), which offered more power, higher hash rates and ultimately led to more energy consumption.

Eventually, Application-Specific Integrated Circuits (ASICs) were introduced to optimize the mining-related calculations.Cryptocurrency mining hardware is constantly running, which also increases energy consumption.Between January 1, 2016, and June 30, 2018, the mining operations for four major cryptocurrencies released up to an estimated 13 million metric tons of carbon dioxide, according to a separate study in the research journal Nature Sustainability.The growth of these emissions could have massive implications for the entire planet.

China is a key signatory of the Paris Agreement and has pledged to be carbon neutral by 2060.But the country remains the world’s largest contributor of greenhouse gases, and the study’s authors say bitcoin mining could compromise the country’s attempts at emissions reductions.”It is important to provide miners with incentives to move their operations to clean-energy regions,” Wang said.”That is why building and upgrading the clean-energy power generation facilities to ensure consistent electricity generation is important.”.

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Ethereum price prediction: Ethereum retests $2,140, prepares for a breakout later today?

Ethereum price prediction: Ethereum breaks previous all-time high, moves above $2,100 The overall market has performed with mixed results.Leaders Bitcoin and Ethereum are down 1.37 and 1.41 percent, respectively.Meanwhile, Ripple( XRP ) is up by almost 17 percent after several days of powerful bullish momentum.From the majors, the worst performance is seen for Tron( TRX…
Ethereum price prediction: Ethereum retests $2,140, prepares for a breakout later today?

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