- A yet to be published report puts
Bitcoin amongst the top e-waste generators in the world. - Bitcoin generates 272 grams of e-waste per transaction processed on the blockchain.
- Bitcoin’s energy consumption in 2021 has already surpassed that of 2020.
The bigger concern is that, unlike energy consumption which is minimal in comparison to other players, $4 amongst the world’s largest e-waste producers — including smartphones which were $4 to have contributed 50 million tonnes of waste in 2019, approximately 10% of the total global e-waste in the world at the time.
The study indicated that Bitcoin could produce as much as 64.4 metric kilotons of e-waste, overall this year. “E-waste represents a growing threat to our environment, from toxic chemicals and heavy metals leaching into soils, to air and water pollution caused by improper recycling,” said the study.
Such large amounts of e-waste could be troublesome for the world’s largest $4 who have already run afoul of regulators in countries like China. According to a new $4 from Bloomberg, the $4 has already consumed 91 terawatt-hours (TW/h) within the first of 2021 — surpassing the 67 TW/h it consumed in all of 2021, in line with the 95.68 TW/h consumption estimated by the Cambridge Bitcoin Electricity Consumption Index ($4).
China’s crackdown on Bitcoin miners earlier this year led some of the world’s largest miners, including Huobi Global and BTC.TOP, to halt their operations in the country. While this led to a drop in the total hashrate under 90 million terahashes in July, it has been on the rise since. And, $4 have had the post to gain from China’s crackdowns. Blockchain.com $4 the total hashrate at around 132.771 million terahashes right now.
To be fair, Bitcoin’s total e-waste production is still only 0.11% of the global estimate, according to Statista.com. However, the fact that platforms like Ethereum and Cardano have been cutting energy consumption by as much as 99% could make statistics like this troublesome for the world’s most valuable cryptocurrency.
For a more in-depth discussion, come on over to Business Insider Cryptosphere>$4 — a forum where users can deep dive into all things crypto, engage in interesting discussions and stay ahead of the curve.
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