University of Cambridge and IEA: "Bitcoin mining will get greener" – Bits Media

According to researchers at the Center for Alternative Finance at the University of Cambridge and representatives of the IEA, the share of electricity from renewable sources when mining bitcoin will increase.

Tesla refused to accept BTC as payment in May their electric vehicles due to "environmental harm", which inflicts Bitcoin mining. After that, the world public drew attention, that a significant share of electricity for mining is taken from burning fossil fuel. In China, where now great attention is paid to ecology, The authorities decided to ban mining.

However, As researchers from the University of Cambridge and the International Energy Agency discovered (IEA), Peak of emissions CO2, Cryptocurrency mining, Already behind, and in the coming years, the share of energy consumption from renewable sources will increase. Researcher and engineer Hass Makkuk (Hass McCook) stressed:

“The data obtained can be seen, that the peak of co2 emissions, related to Bitcoin mining, was a few months ago. Together with the prohibition of mining in China, emissions began to decline very quickly. Even in the worst case, Five years later, they will be only a third of the current indicators, And in ten years, only environmentally friendly energy will be used when mining bitcoin ".

Interesting, that according to Cambridge analysts, Now more "green" energy is used in bitcoin mining, than on average. Therefore, CO2 emissions during mining make up 418 grams on kW/h of the energy consumed, while the average indicator is 463 gram. Besides, Makkuk thinks, that the harm of ecology by Bitcoin miners will be too “departed and overestimated”.

“One of the most delusional statements, at the same time very popular, This is a statement of some kind of "Academy" about that, that exclusively miners of bitcoin increased the average temperature of the Earth by 2 Celsius degrees!», - noted the researcher.

According to the initiative group, Bitcoin Mining Council, Already today 56% Energy for mining bitcoin is taken from renewable sources.