Carbon Footprint of BTC mining across the world To highlight the need for taking serious regulatory Multiplying the BTC electricity use in each country by action to monitor and mitigate the environmental its footprint values provided the carbon, water, and impacts of digital currencies, one can evaluate the land footprint estimated of BTC mining for that environmental footprints of BTC as the most. [...] estimate of the carbon, water, and land footprints of In the 2020-2021 period, the worldwide BTC mining BTC mining with respect to the variations in energy network used 173 TWh of electricity, 60% more than supply mixes around the world. [...] also have the highest For example, Canada is the sixth BTC miner of the environmental footprint in the world, but the top BTC world in terms of electricity use but the ninth emitter miners’ ranking slightly changes when countries are of greenhouse gases for BTC mining thanks to the ordered based on their BTC mining’s carbon footprint, smaler role of coal and higher role of nuclear and water footpr. [...] The world’s top ten BTC miners in terms of electricity consumption, carbon footprint, water footprint and land footprint (2020-2021) 22 The Hidden Environmental Cost of Cryptocurrency The ranking based on the water footprint of BTC case of an individual who mined more than 1,700 BTC mining is reflective of the water intensity of - worth $34 milion at $20,000/BTC exchange rate - electricity product. [...] The world’s top ten BTC miners in terms of land footprint, responsible for 95% (2020) and 93% (2021) of total land footprint of the global BTC mining network in 2020 and 2021, respectively The Hidden Environmental Cost of Cryptocurrency 25 Policy Recommendations Bitcoin image by Brian Wangenheim/Unsplash (colaged with images by Pixabay) 26 The Hidden Environmental Cost of Cryptocurrency The estima.
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