DigiconomistMar 29, 2023
Bitcoin’s environmental impact is on the rise again as the BTC price has been moving up. Per my own estimates Bitcoin is now responsible for consuming as much electricity as half of global data centers combined. Cambridge even puts it at the same level as country like Argentina (~40% more).
Show threadDigiconomistMar 29, 2023

This also means Bitcoin mining accounts for roughly half a percent of global electricity consumption. With more that a third of BTC mining taking place in the US, it is responsible for well over 1% of the total electricity consumption in the US.

The average electricity consumed per unique Bitcoin transaction processed on the BTC blockchain equals the electricity consumption of an average US household over the period of an entire month.

Show threadDigiconomistMar 29, 2023
The associated carbon emissions with all this electricity consumption are equivalent to the carbon footprint of a country such as Austria. This is more than enough to negate the global avoided emissions by deployed electric vehicles (~50Mt per year according to the IEA).
Show threadDigiconomist

The carbon footprint of a single Bitcoin transaction easily exceeds the per passenger carbon footprint of a direct flight from New York to London.

On top of that the average e-waste generation per Bitcoin transaction is also equivalent to throwing away an iPad.

For daily updates on this data and more background check: https://digiconomist.net/bitcoin-energy-consumption

Bitcoin Energy Consumption Index - Digiconomist

The Bitcoin Energy Consumption Index provides the latest estimate of the total energy consumption of the Bitcoin network.

Digiconomist
Mar 29, 2023 at 10:31amWeb
Show threadJorge StolfiMar 29, 2023

@digiconomist

Bitcoin mining consumes the electricity equivalent of 180 full train-cars of coal every day.

This is what a 150-car coal train looks like: https://www.youtube.com/watch?v=ECfgeXZbGJE&t=84s

This Is What Happens When You Stand Too Close To A Coal Train On A Windy Day! Coal Spills On Me!

YouTube
Show threadKevin RussellMar 29, 2023

@digiconomist

Wow, what a stupid damn idea this was, shitcan bitcoin, and all the other dumb block(burnitinthedesert)chain bs.

Ban it, end it.