Thursday , December 9 2021

Mining bitkoin consumes more electricity than Denmark



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Oak Ridge Researchers in the United States have found that cryptowool, like bitkins, uses a triple amount of energy and a gold mine of the same value. This year's energy consumption for battalion mining could be higher than Denmark's consumption.

Although it has already begun to talk about the decline in cryptographic work, there are currently hundreds of virtual currencies and countless clusters of servers around the world that have been continuously mining recently identified at the University of Cambridge. More than half of them are in China.

Mining of virtual currencies, which also has value in the real world, therefore has a hidden price, which is rarely measured or taken into account. "We have a brand new industry that consumes more energy annually than many countries," said Mc Krause, a researcher at the Oak Ridge Institute, the US Department of Energy, for the French news agency AFP.




When cryptoat is mined, energy consumption is up to three times that of gold, platinum, or copper.


When cryptoat is mined, energy consumption is up to three times that of gold, platinum, or copper.
Photo: Thinkstock

"For now, Bitcoin will consume more energy than Denmark this year," said Krause, who is also the lead author of a study on energy consumption of bitches published in the science journal Nature Sustainability.

Denmark spent 31.4 billion kilowatt hours of electricity in 2015, and by July 1st, about 30.1 billion kilowatt hours of mines were spent, researchers said.

In the highly competitive mining industry, crypts of hundreds, even thousands of connected computers, perform intensive computer operations to find online versions of valuable metals. New coins are given to those who make first budgets, and validated transactions are entered into the general ledger of the transaction. blockchain.

More than half of the cryptowool value belongs to bitcomin

According to the data of coinmarketcap.com, the current market value of the hundred major crypts is about 200 billion US dollars, 175 billion, and bitkoin contributes more than half the value.

"We wanted to raise awareness of the potential ecological costs of mining crypts," Krause said, adding that other digital products, such as movies, music and videos, include measurable environmental costs.

As part of the study, Krause and Environmental Engineer Thabet Tolaimat calculated the average energy consumption for the mining of four major crypto crypts – bitcoin, ethereum, litecoin and monera – in the value of one US dollar for 30 months to June 2018. Costs of the bit mine were are 14 megajoula (MJ), in the case of ethereum and litecoins seven MJ, and at the monument 14 MJ.




Although it has already begun to talk about crypto-rejection, hundreds of virtual currencies and countless clusters of servers around the world are constantly mining.


Although it has already begun to talk about crypto-rejection, hundreds of virtual currencies and countless clusters of servers around the world are constantly mining.
Photo: Reuters

Only aluminum extraction is more energy efficient than the acquisition of cryptoid

In mining cryptoates, energy consumption is up to three times higher than for gold, platinum or copper. Of the precious metals involved in the studio, only the production of aluminum (122 MJ for a dollar value) turned out to be unnecessary in energy.

The researchers also emphasized that computers are made of gold and other precious metals, and in intensive operations such as criptovool mining, they consume them much faster than in normal use.

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