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Get a daily digest of the latest news in tech, science, and technology, delivered right to your mailbox. Subscribe now.market due to the surge in value over the past ten years. Digital currencies have widely gained the trust of the world's top investors, including major enterprises, tech millionaires, criminals, money launderers, and sanction breakers.
Researchers estimated that the resulting carbon footprint was equal to that of running 190 natural gas-fired power units or 84 billion pounds of coal. The equivalent of the Netherlands, Switzerland, and Denmark, or 3.9 billion trees—or 7 percent of the Amazon rainforest—should be planted to balance this footprint., with coal making up 45 percent of the total energy used, followed by natural gas .
The team says that when the different environmental footprints are considered, the nation's rankings regarding the ecological impacts of their Bitcoin operations change. "Because countries use different sources of energy to generate electricity, their electricity production impacts on climate, water, and land are not the same,” said Dr., the lead author of the study and an Environmental, Social, and Governance Research Fellow at UNU-INWEH, in a statement.
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