China’s vast bitcoin mining empire risks derailing its climate targets, says study

China’s vast bitcoin mining empire risks derailing its climate targets, says study

3 years ago
Anonymous $4BDEsVAtYS

https://www.theguardian.com/technology/2021/apr/07/china-bitcoin-mining-climate-targets-nature-study

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

China’s electricity-hungry bitcoin mines that power nearly 80% of the global trade in cryptocurrencies risk undercutting the country’s climate goals, a study in the journal Nature has said.

China’s vast bitcoin mining empire risks derailing its climate targets, says study

Apr 7, 2021, 8:21am UTC
https://www.theguardian.com/technology/2021/apr/07/china-bitcoin-mining-climate-targets-nature-study > China powers nearly 80% of the global cryptocurrencies trade, but the energy required could jeopardise its pledge to peak carbon emissions by 2030 > China’s electricity-hungry bitcoin mines that power nearly 80% of the global trade in cryptocurrencies risk undercutting the country’s climate goals, a study in the journal Nature has said.