How does bitcoin mining produce carbon emissions

What is Bitcoin emission?

Based on data from the Bitcoin Energy Consumption Index from Digiconomist, an online tool created by data scientist Alex de Vries, the carbon footprint of Bitcoin, the world’s largest cryptocurrency, is equivalent to that of New Zealand, with both emitting nearly 37 megatons of carbon dioxide into the atmosphere every …

How is Bitcoin harmful to the environment?

The environmental concern comes from the estimated carbon footprint generated by the power plants providing that energy. And it isn’t just mining that uses lots of power—a single Bitcoin transaction is estimated to burn 2,292.5 kilowatt hours of electricity, enough to power a typical US household for over 78 days.

Does Bitcoin pollute?

Mining Bitcoin each year produces as much pollution as Greece created in 2019, the study found. A single Bitcoin transaction results in the same carbon footprint as a traveler flying from New York to Amsterdam.