Bitcoin network consumes twice as much electricity than Ireland 2 октября, 2021

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According to the report of the International Energy Agency, for the first half of the year, the Bitcoin network consumes 29 TDCs, which already exceeds the annual energy consumption of Ireland (26 TDCH).

The main reason for increasing the consumption of electricity, researchers consider the growth of the cryptocurrency rate, which increased activity

Based on this data, the Agency estimated that Bitcoin is responsible for 0.03-0.06% of world carbon dioxide emissions associated with energy, which is equivalent to 10-20 megatons CO2.

At the same time, the report authors also indicate that mining is most common in regions with cheap, renewable electricity. Referring to other studies, they write that about 76% of the energy consumed by the cryptocurrency network can be manufactured using electricity from hydroelectric power plants, solar farms, wind generator and other environmentally friendly sources. Therefore, they took into account this in their calculation of emissions.

According to a previously published study, the Bitcoin mining is spent almost in

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