Tags: EU | Bitcoin | Carbon Footprint

Researchers: Bitcoin's Carbon Footprint Equal to Las Vegas

Thursday, 13 June 2019 08:37 AM

BERLIN (AP) — Researchers calculate that the electricity required for the virtual currency bitcoin generates as much carbon dioxide as a city like Las Vegas.

The Technical University of Munich said Thursday that researcher Christian Stoll and colleagues first calculated the power consumption of the entire bitcoin network. They then combined the results with the carbon emissions from electricity production in the countries where the computers were located, concluding that bitcoin's carbon footprint in late 2018 was 22-22.9 megatons of CO2 per year.

Stoll, who also works at the Massachusetts Institute of Technology, said the findings should prompt policymakers to consider regulating bitcoin so it uses mainly low-carbon, renewable energy.

Alex de Vries, a bitcoin expert who wasn't involved in the study, said the figures were plausible and probably on the conservative side.

© Copyright 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

   
1Like our page
2Share
GlobalTalk
Researchers calculate that the electricity required for the virtual currency bitcoin generates as much carbon dioxide as a city like Las Vegas.The Technical University of Munich said Thursday that researcher Christian Stoll and colleagues first calculated the power...
EU,Bitcoin,Carbon Footprint
132
2019-37-13
Thursday, 13 June 2019 08:37 AM
Newsmax Media, Inc.
 
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved