Mining ecofriendly mining of cryptocurrencies. Is this true?

Date:

2018-11-06 23:45:06

Views:

3302

Rating:

1Like 0Dislike

Share:

Mining ecofriendly mining of cryptocurrencies. Is this true? Source:

Krause and Max Tabet is Tolaymat from the Agency for environmental protection of the United States conducted a study on the order of the British journal Nature Sustainability. The results showed that for the extraction of every dollar in the price of BTC needs more electricity than the extraction of precious metals. The authors of the report called "quantifying the energy and carbon costs for the mining of cryptocurrencies" claim that it was an independent examination, and the customer anything they were not paid.

Testing was not only this digital asset. In the course of work compared with the power required for the production of three more altcoins with big market capitalization. The most energy efficient coins were and . Approximately half of the energy need for mining of Litecoin, and Ethereum.

The Study covered the time period from January 2016 to June 2018. In the results it is noted that the extraction of rare earth metals by type neodymium and cerium, as well as precious metals – gold and copper – takes less energy than mining BTC and XMR. In fact, from the point of view of energy efficiency Bitcoin is second only to aluminum.

the

Biased attitude towards cryptocurrency

However, the researchers forgot to take into account one of the most important aspects. A large part of the mining is concentrated in China. Now this sector is gradually gaining momentum and outside the country. In turn, the operators of the mining farms are constantly in search of the most cheap and clean electricity. So today, more hashing flows to Canada and due to the presence of hydropower plants and geothermal sources that can produce electricity without harming the environment.

Recall that recently the doctor has denied the forecast Nature Climate Change on rapidly growing energy consumption of Bitcoin. Then, the expert assured that Bitcoin consumes not more than 0.1 per cent of the world total consumption. More data to search for .

Recommended

Co-owner Bitcoin.org Coinbase Pro ridiculed and called a stock exchange Scam

Co-owner Bitcoin.org Coinbase Pro ridiculed and called a stock exchange Scam

co-Owner Bitcoin.org and most popular forum about cryptocurrency Bitcointalk.org Cobra called Coinbase Scam Pro trading platform American crypto currency exchange Coinbase. In his tweet he wrote «if you read Coinbase Pro backwards, get the word ...

The Ethereum is a cryptocurrency Scam. A new report Chainalysis

The Ethereum is a cryptocurrency Scam. A new report Chainalysis

When people learned how to create a new cryptocurrency and began to build their infrastructure like marketplaces, in the field began to appear and fraud. According to blockchain auditor Chainalysis for the past two years, fraud in the ecosystem has s...

Rally Bitcoin — deception. Well-known economist advises to invest in gold

Rally Bitcoin — deception. Well-known economist advises to invest in gold

Director of Euro Pacific Asset Peter Schiff does not see anything supernatural in growth . Recall that the main cryptocurrency has already risen by 179 percent since the beginning of 2019 and is now trading at the level of $ 8540. According to Schiff...

Comments (0)

This article has no comment, be the first!

Add comment

Related News

VEB and the Grozny mayor's office transferred the housing sector on the blockchain

VEB and the Grozny mayor's office transferred the housing sector on the blockchain

In February, the first Deputy Chairman of VTB Olga Dergunova positively the prospects of the blockchain. According to her, the technology will improve the speed of transactions and security standards. To move from words to action ...

Hacker 1337. How to hack Etherscan not to cause any harm

Hacker 1337. How to hack Etherscan not to cause any harm

Monday on the website Etherscan.io appeared a pop-up message with the numbers 1337. The visitors began to panic and spread rumors about hacking Explorer. really hacked, but the damage from a hacker attack was zero. About it writes...

How is the price of cryptocurrencies? Detailed analysis

How is the price of cryptocurrencies? Detailed analysis

I'm Sure many followers of Bitcoin well remember how at the end of the year we were promised bullrun worse than last year. The point is that it's already November 2018, and some serious movement in the market is still not observed...

The Ethereum comes out of the stage of accumulation. Analyze graphs

The Ethereum comes out of the stage of accumulation. Analyze graphs

Ethereum finally perked up and even shows signs of the presence of buyers in the market. Recall that the previous week a small rise, which was reflected in the second capitalization of bitcoin. However, to rely on global bullrun s...

Bitcoin will a new high in 2019. How will it be?

Bitcoin will a new high in 2019. How will it be?

Founder and General Director of investment company Digital Galaxy Capital Management Mike Novogratz predicts a reversal of trend in the near future. Overcome a mark in 10 thousand will lead to new highs. Bitcoin probet new heights...

BitMEX has launched a service for monitoring hardforum Bitcoin and BCH

BitMEX has launched a service for monitoring hardforum Bitcoin and BCH

the Research Department of the Hong Kong stock exchange announced the official launch of the tool for network monitoring Bitcoin and Bitcoin to Cash. New feature BitMEX received a name . It will serve as a «a useful tool to m...

Bitmain announces Antminer S15 and T15, but did not disclose the specifications. What's going on?

Bitmain announces Antminer S15 and T15, but did not disclose the specifications. What's going on?

the Chinese giant often Bitmain announces new ASIC miners. For example, in late August, the company Hydro with water cooling. The model gives 18 teruhisa per second and enhanced consumption. A month later we Antminer DR3 for the p...

Not expected: experts told about the beginning of the cryptocurrency bullrun

Not expected: experts told about the beginning of the cryptocurrency bullrun

Now it seems that absolutely everyone is waiting for the market reversal. Analysts themselves cannot understand good or bad that the Bitcoin low trading volumes and reduced volatility. Experts from research firm Santiment came to ...

Fake account Elon musk touted the distribution of

Fake account Elon musk touted the distribution of "bichikov". Fraudsters have earned 180 thousand dollars

Twitter is a favorite place of cryptocurrency scams. They regularly arrange "distribution of coins" on the platform, which are actually ordinary theft. Know about the situation the manual but it does not change for several months....

Dash rose 13 percent. Now altcon can be sent via SMS

Dash rose 13 percent. Now altcon can be sent via SMS

Sunday price Dash shot up by 13 percent against the dollar. This event coincided with the fall of the main stablein 4 percent. Trading pair ended the day forming a small local chart scale 1-hour chart. By a happy coincidence, afte...

What is the strength of Bitcoin and cryptocurrency? Top 4 advantages of an expert

What is the strength of Bitcoin and cryptocurrency? Top 4 advantages of an expert

spoke to the audience on the World Crypto Conference and talked about how that creates value cryptocurrency. According to Lee, before we exchanged chickens and cows because they benefited, but in the end still went to the monetar...

Cryptogram in the Nevada desert. What will it be, and what will leave millions of dollars?

Cryptogram in the Nevada desert. What will it be, and what will leave millions of dollars?

Attorney consumer protection Jeffrey burns is the owner and CEO of Blockchains LLC. Earlier this year, the company bought more than 67 thousand acres of land in the Northern part of the Nevada desert. The amount of the transaction...

FAQ: everything you need to know a beginner can trade on margin

FAQ: everything you need to know a beginner can trade on margin

Want to become cryptomerioides, but you have little money for serious investment? Does not matter, because a newcomer has every right to feel «the wolf of wall street». And this right he provides margin trading, which at...

Student from California went from five thousand dollars to almost a million. Now he is hunting tax

Student from California went from five thousand dollars to almost a million. Now he is hunting tax

Recently on Reddit there was a post-recognition American student who managed to earn quite a lot of money on cryptocurrency. Unfortunately, his story does not end with a happy ending — now the young man must pay the state $ 400,00...

It is a failure: Bitcoin has fallen to 19 lines in the blockchain-ranking China

It is a failure: Bitcoin has fallen to 19 lines in the blockchain-ranking China

Chinese state organization of China Electronic Information Industry Development (CCID) presented the sixth rating of the blockchain projects in which Bitcoin was only on the 19th place. Total estimated 33 public project on the blo...

ShapeShift CEO considers Bitcoin a real threat vietnamu scamu. Why?

ShapeShift CEO considers Bitcoin a real threat vietnamu scamu. Why?

Recently between Naomi Brockwell and founder of the Swiss crypto currency exchange ShapeShift Eric Worrisom had a conversation on the topic of Bitcoin and participation in Eric Cryptoprotected before the . The founder of the excha...

Summarize: last week ended with the growth of altcoins

Summarize: last week ended with the growth of altcoins

After days of decline and consolidation altcoins finally finished last week on a positive note. For example, trading a pair of ADA/USD increased by three percent and is near a key resistance line. EOS could grow to $ 7 in the comi...

All Protocol: what is the crypt anonimnie?

All Protocol: what is the crypt anonimnie?

Right now behind the scenes cryptocurrency scene takes an entertaining «battle». Almost all cryptoprocta fighting for first place in terms of privacy and anonymity. To choose one is very difficult, as each of them is abl...

Get ready: AMD is preparing a

Get ready: AMD is preparing a "revolution" in the industry of mining of cryptocurrencies

industry mining of cryptocurrencies is going through hard times is a bear market and falling prices of altcoins hit at all. Although some manufacturers of ASIC miners still report profits, the situation with GPU-mining is very hig...

Waiting for growth: Bitcoin is slowly emerging from the stage of accumulation

Waiting for growth: Bitcoin is slowly emerging from the stage of accumulation

According to the research firm OneAlpha, Bitcoin gradually «gaining power» after correction of 2018. The stability of the price of the cryptocurrency in recent weeks is the main symptom of market maturity. He has had mom...