Category Archives: Carbon Foodprint

Bitcoin: Massive fossil fuel use required for cryptocurrency’s generation is industry’s dirty secret | The Independent

Bitcoin has a dirty secret. The cryptocurrency has wowed markets this year with breakneck gains as investors flocked to an asset that exists only in cyberspace. But the laborious creation of each digital bitcoin by private computer networks has real-world consequences in the form of massive energy use – including from fuels that cause the most pollution.

Source: Bitcoin: Massive fossil fuel use required for cryptocurrency’s generation is industry’s dirty secret | The Independent

Bitcoin Mining Has a Massive Carbon Footprint | WIRED

Today, each bitcoin transaction requires the same amount of energy used to power nine homes in the US for one day.

Source: Bitcoin Mining Has a Massive Carbon Footprint | WIRED