Bitcoin emissions & energy consumption compared
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Bitcoins world energy consumption is currently approximately 85.8TWh per year.
The net CO₂e emissions are approximately 14.6 MTCO2 per year.
The net CO₂e emissions are approximately 14.6 MTCO2 per year.
Mining carbon intensityAccording to the Bitcoin Mining Council Bitcoin global mining industry’s are utilising electricity with a 63.8% sustainable power mix" this translates roughly 195 gCO₂/kWh .
The average USA Grid CO₂/kWh for Texas (where much mining is now located) is 370gCO₂/kWh.
Some mining is based in Ontario with a very green average of 60gCO₂/kWh such as Blockfusion that is completely powered by water fall !
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Bitcoin scope 1,2,3 emissionsScope 1 - Surprisingly virtually none existent. Once a mining farm is built, it's electricity in - Bitcoin, warm air & whirring noise out.
Scope 2 - Electricity production. 98% of emissions Scope 3 - Mostly from ASIC manufacturing. With an all time total mass of equipment ever made ≈ 74k Tonnes. Resulting in eWaste ≈ 210 t/year Manufacturing CO₂ ≈ 87.5 ktCO₂e/year |
Sources
- UK Banking sector + Wall Street
- Gold mining
- Military Industrial Complex
- Agriculture
- The World CO2 60,000 GtCO₂
- BP World Energy 554 ExaJoules
