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19 April 2021

Report: Chinese Bitcoin Mining To Reach 130 Million Metric Tons By 2024 - Decrypt

Report: Chinese Bitcoin Mining To Reach 130 Million Metric Tons By 2024 - Decrypt


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The researchersarguedthat “the growing energy consumption and associated carbon emissions of Bitcoin mining could potentially undermine global sustainable efforts.” .

Were China’s Bitcoin mining to reach the levels predicted by the study, its carbon emissions would exceed the carbon footprint of countries including the Czech Republic and Qatar.

Last month,Decrypt reportedthat Bitcoin’s carbon footprint—after factoring for renewable energy sources—was broadly equivalent to 61 billion pounds of burned coal, 9 million homes’ average annual electricity consumption, or 138 billion miles driven by a passenger vehicle. 

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