{"id":49662,"date":"2019-07-16T03:00:51","date_gmt":"2019-07-16T07:00:51","guid":{"rendered":"https:\/\/quotulatiousness.ca\/blog\/?p=49662"},"modified":"2019-07-15T12:05:17","modified_gmt":"2019-07-15T16:05:17","slug":"bitcoin-minings-massive-carbon-buttprint","status":"publish","type":"post","link":"https:\/\/quotulatiousness.ca\/blog\/2019\/07\/16\/bitcoin-minings-massive-carbon-buttprint\/","title":{"rendered":"Bitcoin mining’s massive carbon buttprint"},"content":{"rendered":"

Lincoln Swann<\/a> explains why Bitcoin has become a huge environmental liability as its per-unit cost-to-mine has risen:<\/p>\n

\"\"<\/a>

“Bitcoin – from WSJ”<\/a>by MarkGregory007<\/a><\/span> is licensed under CC BY-NC-SA 2.0<\/a><\/a><\/p><\/div>\n

Bitcoin is more than a rather volatile imitation currency, it is also a huge energy monster.<\/p>\n

The digital \u201cmining\u201d to create more Bitcoins and the recording of transactions uses up vast, crazy, amounts of electricity \u2013 something like 70TWh a year. That is about the same as Austria, say 20% of UK power consumption. As an added horror much if it is done in China where most of the power is coal generated.<\/p>\n

All that adds up to a CO2 output from Bitcoin stuff of about 35mt a year. Planet friendly it definitely aint.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"

Lincoln Swann explains why Bitcoin has become a huge environmental liability as its per-unit cost-to-mine has risen: Bitcoin is more than a rather volatile imitation currency, it is also a huge energy monster. The digital \u201cmining\u201d to create more Bitcoins and the recording of transactions uses up vast, crazy, amounts of electricity \u2013 something like […]<\/p>\n","protected":false},"author":1,"featured_media":35193,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22,25,65,15],"tags":[899,109,809,443],"class_list":["post-49662","post","type-post","status-publish","format-standard","hentry","category-china","category-economics","category-environment","category-technology","tag-bitcoin","tag-computers","tag-mining","tag-pollution"],"jetpack_featured_media_url":"https:\/\/quotulatiousness.ca\/blog\/wp-content\/uploads\/2016\/06\/favicon.png","jetpack_shortlink":"https:\/\/wp.me\/p2hpV6-cV0","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/49662","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/comments?post=49662"}],"version-history":[{"count":2,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/49662\/revisions"}],"predecessor-version":[{"id":49664,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/49662\/revisions\/49664"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/media\/35193"}],"wp:attachment":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/media?parent=49662"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/categories?post=49662"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/tags?post=49662"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}