Tuesday , September 28 2021

Bitcoin extraction consumes more electricity than Denmark



Researchers at the American Scientific Oak Ridge Institute have discovered that cryptowool, such as bittoin, worth one dollar (about 0.9 euros) consumes three times more energy, since the gold mining value is the same. This year, the energy consumption of bitkino could exceed Danish consumption.

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Researchers also emphasized that computers are made of gold and other precious metals, and intensive operations such as cryptography in mining, they are consumed much faster than usual.

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Although it is said that the cryptography crashing is decreasing, there are currently hundreds of virtual currencies and no cluster cluster clusters that are constantly being found which soon found at Cambridge University. Ve & # 269; since half of them are in China.

Buying virtual currency, which also has value in the real world, is therefore a hidden price, which is rarely measured or used. & # 34; We got it completely new industry consuming more than a year. energy as many people, & # 34; he said Max Krause, a researcher at the Oak Ridge Institute, part of the US Department of Energy.

& # 34; Now it's bitcoin yearI spent more & # 269; energy like Denmark, & # 34; said Krause, who is also the main author of "Bitcoin Energy Consumption", published in the journal "Sustainability of Nature".

According to researchers, in 2015, Denmark consumed 31.4 billion kilowatt-hours of electricity, and by July 1, they consumed 30.1 billion kilowatt-hours.

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Although it has already begun to talk about a distorted fall, the Cambridge University currently has hundreds of virtual currencies and a myriad of world-class server clusters that continuously acquire extraction. More than half of them are located in China.

Therefore, the purchase of virtual currencies, which also have value in the real world, is a hidden price, which is rarely measured or taken into account."We have a brand new industry that consumes more energy every year than many countries."he said Max Krause, a researcher at the Oak Ridge Institute, owned by the US Department of Energy.

"It's now indicative that Bitcoin will use more energy this year than Denmark," said Krause, who is also the main study on energy consumption of the bees, published in the journal Nature Sustainability.

According to researchers, Denmark spent 31.4 billion kilowatt-hours of electricity in 2015, and spent around 30.1 billion kilowatt hours on July 1.

Since purchasing a cryptov, for example, a beetle with a value of one dollar (about 0.9 euros), we use three times more energy than the same value.PHOTO: POP TV

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In highly competitive mining, hundreds of cryptographic loads, even thousands of connected computers, carry out intensive operations to make the Internet the most expensive metal. New coins are given to those who make the first calculations, and the confirmed transactions are entered into the main one knigo bargain or. blockchain

According to coinmarketcap.com, the current market value of one of the largest crypts is about $ 200 billion. With more than € 175 billion spent on bitcoin, it will spend more. as a half of the value.

We wanted to inform people about potential environmental gardening scripts, & # 34; & # 34; Krause said, adding that other digital products such as movies, music and videos include measurable environmental costs.

Quality and environment are part of the study Thabet Tolaymat Calculates the average energy consumption of the acquisition of the main biccino, etiquette, lithuanian and mono scripts that cost one American in the period from 30 months to June 2018. At the time of the bitcoin production, consumption was 14 megabytes (MJ), 7 mj for ether and lightweight, and at the monument – 14 MJ.

When it comes to producing energy, it's even three times as large as gold, platinum or copper. Of the precious metals that were included in the study, only aluminum production (122 MJ per dollar value) turned out to be much more wasteful in the field of energy.

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In highly competitive mining, hundreds of thousands, even thousands of connected computer scripts perform intensive computing to find valuable metal versions online. New coins are assigned to those who make the first calculations, and approved transactions are included in the transaction master book. blockchain

According to data from coinmarketcap.com, the current market value of one of the largest crypts is about $ 200 billion, $ 175 billion, while bitumen invests more than half the value.

"We wanted to inform people about the potential environmental costs of mine scripts,"Krause said, adding that other digital products such as movies, music and videos include measurable environmental costs.

The study is Krause and the environmental engineer Thabet Tolaymat calculating the average energy consumption for the acquisition of four main cryptolites – bees, ethine, lithoquine and monena – worth US $ 1 in 30 months until June 2018. In this bitkin, consumption was 14 megawatts (MJ), 7 mj in the case of ether and litekone, and at the monument – 14 MJ.

At the time of harvesting graffiti, energy consumption is three times higher than the amount of gold, platinum or copper. Of the precious metals that were included in the study, only aluminum production (122 MJ per dollar) turned out to be much more wasteful in energy.


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