“According to research on PoW cryptocurrencies’ carbon footprint in 2020, a single [ether] transaction added more than 90 pounds of CO2 to the atmosphere, while a single BTC transaction added more than 1,000 pounds of CO2 to the atmosphere. Based on estimates of 2021 emissions, ETH mining emitted more than 22 million tons of CO2 and BTC mining emitted more than 56.8 million tons of CO2. To put this in perspective, the global 2021 CO2 emissions of ETH and BTC mining is equivalent to the tailpipe emissions from more than 15.5 million gasoline powered cars on the road every year. Other estimates put these figures much higher,” the hearing memo said.
"impact" - Google News
January 19, 2022 at 06:37AM
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The House Looks Into Crypto's Energy Impact - CoinDesk
"impact" - Google News
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