I am a big fan of Cryptocurrencies appeared a few years ago, but environmentalists are increasingly worried about their impact on the climate.
Experts from the University of Hawaii in Manoa, who published one article in the journal Nature Climate Change, found that if Bitcoin mining continues at the same rate as other common technologies, it could raise the global temperature by two degrees Celsius to 2033.
They analyzed information on emissions from different stages of the Bitcoin mining chain and found that the extraction of cryptocurrencies produced enough emissions to raise global warming temperatures.
The seriousness of the problem could be understood by the fact that the rise in temperature around 1,5 degrees Celsius will lead to irreversible, devastating climate effects for the planet.
Since Bitcoin mining requires heavy equipment, it consumes enormous amounts of energy. Thus, researchers have analyzed information such as the energy savings of computers used in cryptocurrencies mining, the location of Bitcoin miners and the carbon dioxide emissions produced in these areas.
They found that only 2017, Bitcoin mining and trades gave 69 emissions million CO2 metric tons. At present, only emissions from transport, housing and food are considered the main factors of global warming.
But the results of the survey show that Cryptocurrencies must be added to the list - although the future of Cryptocurrencies can not be predicted yet, as the industry has seen many ups and downs.
Now we know that if bitcoin is adopted even to a lesser extent for use on credit cards, metaphors or ACs, it will change the environment as we know it.