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UN Study Reveals the Hidden Environmental Impacts of Bitcoin

Started by arthur, Mar 10, 2025, 11:14 PM

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arthur

https://unu.edu/press-release/un-study-reveals-hidden-environmental-impacts-bitcoin-carbon-not-only-harmful-product

QuoteGlobal Bitcoin mining is highly dependent on fossil fuels, with worrying impacts on water and land in addition to a significant carbon footprint.
QuoteBitcoin is the most renowned and popular cryptocurrency. This motivated the UN scientists to evaluate the environmental impacts of Bitcoin across the world by looking at the activities of 76 Bitcoin mining nations during the 2020–2021 period. The results are shocking. In addition to a substantial carbon footprint, global Bitcoin mining activities have significant water and land footprints.
Quote"Technological innovations are often associated with unintended consequences and Bitcoin is no exception," said Professor Kaveh Madani, the Director of the United Nations University Institute for Water, Environment and Health (UNU-INWEH), who led this study. "Our findings should not discourage the use of digital currencies. Instead, they should encourage us to invest in regulatory interventions and technological advancements that improve the efficiency of the global financial system without harming the environment."

Patchcoin is a technological advancement to Bitcoin.

We use a small fraction of the energy through proof-of-stake consensus, while maintaining a fixed supply of 21 million coins.