An interdisciplinary team of researchers at the
Technical University of Munich (TUM) has revealed that Bitcoin system has a
carbon footprint of between 22 and 22.9 megatonnes per year. This is comparable
to the footprint of cities such as Hamburg, Vienna or Las Vegas.
Bitcoin mining is very energy-intensive and the
process has increased rapidly in recent years. The annual electricity consumption
by Bitcoin, as of November 2018, is about 46 TWh.
The researchers have recommended that cryptocurrency
mining should be regulated in regions where power generation is especially
carbon-intensive. Also, to improve the ecological balance, more mining farms can
be linked to additional renewable generating capacity.
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