Does cryptocurrency have a carbon footprint problem ?? - PowerPoint PPT Presentation
Title:
Does cryptocurrency have a carbon footprint problem ??
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With the rising popularity of cryptocurrency and $1.5 billion invested in ICOs last month, it is important to understand the environmental impact that the Bitcoin-mining industry is having on our planet’s energy usage. Experts in the field estimate that Bitcoin operations utilize 1-4 gigawatts of electricity, roughly 1% of U.S. electricity usage. This number might sound small, but it is an accurate assessment compared to claims by Digiconomist and Power Compare, sites which made exaggerations comparing Bitcoin energy usage to the entire electricity consumption of Singapore and the creation of 24,000 metric kilotons of CO2 emissions annually. – PowerPoint PPT presentation
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Title: Does cryptocurrency have a carbon footprint problem ??
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