Bitcoin use causing huge CO2 emissions: Study

  1. An interdisciplinary team of researchers at the Technical University of Munich (TUM) has revealed that Bitcoin system has a carbon footprint of between 22 and 22.9 megatonnes per year. This is comparable to the footprint of cities such as Hamburg, Vienna or Las Vegas.
  2. Bitcoin mining is very energy-intensive and the process has increased rapidly in recent years. The annual electricity consumption by Bitcoin, as of November 2018, is about 46 TWh.
  3. The researchers have recommended that cryptocurrency mining should be regulated in regions where power generation is especially carbon-intensive. Also, to improve the ecological balance, more mining farms can be linked to additional renewable generating capacity.

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