Factbox: How big is Bitcoin’s carbon footprint?
(Reuters) – Tesla boss Elon Musk’s sudden u-turn over accepting bitcoin to buy his electrical autos has thrust the cryptocurrency’s vitality utilization into the headlights.
Some Tesla merchants, along with environmentalists, have been an increasing number of essential about the way in which by which bitcoin is “mined” using big portions {of electrical} vitality generated with fossil fuels.
Musk acknowledged on Wednesday he backed that concern, notably utilizing “coal, which has the worst emissions of any fuel”.
So how dirty is the digital overseas cash?
POWER HUNGRY
Unlike mainstream standard currencies, bitcoin is digital and by no means made out of paper or plastic, and even metallic. Bitcoin is digital nevertheless power-hungry as a result of it is created using high-powered pc methods throughout the globe.
…