Bitcoin mining; It has been the target of criticism for a while due to the energy expended and the carbon footprint it left behind. Two Swedish officials warned that if Bitcoin mining is not limited, renewable energy resources in Sweden will be exhausted.
The energy used for crypto mining has been a serious topic of discussion in the entire industry for some time now. The result of bitcoin mining carbon footprint its problematic has been highly criticized by environmentalists; Tesla CEO Elon Musk This is why Tesla announced that it will not take payments with Bitcoin. In this context, the crypto industry continues to increase its efforts day by day in order to mine with green energy.
The two officials, who are the general managers of the Swedish Financial Supervisory Authority and the Swedish Environmental Protection Agency, made some comments and explanations about crypto mining in the country in this direction. If crypto mining continues in this way, renewable energy in the country won’t stay In the event of this, the authorities stated that the obligations brought by the Paris Agreement must also be fulfilled.that would be impossible conveyed.
An average of 900 Bitcoins are mined every day
Paris AgreementSweden, which needs renewable energy to act accordingly; It is struggling to meet the requirements of this agreement due to excessive consumption by crypto miners. Citing this situation as a reason, the general manager of both institutions also stated that crypto mining ban deems it necessary. Accordingly, one of the directors stated that he thinks banning proof-of-work mining within the US could be the first step towards using energy-efficient crypto mining methods. It also means that renewable energy will be used as efficiently as possible.
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According to Cambridge University estimates, with the energy used to mine just one Bitcoin, 1.8 million kilometers It is possible to drive electric cars throughout the world, which will be discarded 44 heads is equivalent. Considering that 900 Bitcoins are mined on average every day, it is not difficult to understand why this is not a sensible use of renewable energy.
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