20.04.2021
Bitcoin Mining Consumes 'More Electricity Than Argentina'
It’s not just the value of bitcoin that has soared in the last year – so has the huge amount of energy it consumes. The cryptocurrency’s value has dipped recently after passing a high of $50,000 but the energy used to create it has continued to soar during its epic rise, climbing to the equivalent to the annual carbon footprint of Argentina, according to Cambridge Bitcoin Electricity Consumption Index, a tool from researchers at Cambridge University that measures the currency’s energy use. Bitcoin mining – the process in which a bitcoin is awarded to a computer that solves a complex series of algorithms – is a deeply energy-intensive process. “Mining” bitcoin involves solving complex math problems in order to create new bitcoins. Miners are rewarded in bitcoin. A single transaction of bitcoin has the same carbon footprint as 680,000 Visa transactions or 51,210 hours of watching YouTube, according to the site. Credit: attn:
Poverty deprives people of adequate education, health care and of life's most basic necessities- safe living conditions (including clean air and clean drinking water) and an adequate food supply. The developed (industrialized) countries today account for roughly 20 percent of the world's population but control about 80 percent of the world's wealth.
Poverty and pollution seem to operate in a vicious cycle that, so far, has been hard to break. Even in the developed nations, the gap between the rich and the poor is evident in their respective social and environmental conditions.
Poverty and pollution seem to operate in a vicious cycle that, so far, has been hard to break. Even in the developed nations, the gap between the rich and the poor is evident in their respective social and environmental conditions.
