Anonymous ID: b9176f May 10, 2021, 11:43 a.m. No.13629353   ๐Ÿ—„๏ธ.is ๐Ÿ”—kun   >>9400

>>13628959

 

China powers nearly 80% of the global cryptocurrencies trade, but the energy required could jeopardise its pledge to peak carbon emissions by 2030

 

The Nature study on Tuesday found that unchecked, Chinaโ€™s bitcoin mines will generate 130.5m metric tons of carbon emissions by 2024 โ€“ close to the annual greenhouse gas emissions of Italy or oil-rich Saudi Arabia.

 

Chinese companies with access to cheap electricity and hardware handled 78.89% of global bitcoin blockchain operations as of April 2020, the study said. This involves minting new coins and keeping track of cryptocurrency transactions.

 

CO2 wise Bitcoin mining in China is on par with Saudi Arabia total emissions.

 

I honestly dont trust crypto yet. Was kinda shocked to see the emissions though, not that I care.