Saturday, July 5, 2025

China’s cryptocurrency mining rush a threat to climate goals

A new study indicates that mines in China powering nearly 80 percent of the global trade in cryptocurrencies risk undercutting the country’s climate goals, reports Tech Xplore. The Nature Communications study found that unchecked, China’s bitcoin mines will generate 130.50 million metric tons of carbon emissions by 2024 – close to the annual greenhouse gas emissions from Italy or Saudi Arabia. About 40 percent of China’s bitcoin mines are powered with coal, while the rest use renewables, the study said. China banned trading in cryptocurrencies in 2019 to prevent money laundering, but mining is permitted.

 

https://techxplore.com/news/2021-04-china-bitcoin-derailing-climate-goals.html

BIG Media
BIG Media
Our focus is on facts, accurate data, and logical interpretation. Our only agenda is the truth.
spot_img

BIG Wrap

Dozens dead in Texas flash flooding as rescuers search for missing children

(Al Jazeera Media Network) Rescuers in the US state of Texas are scrambling to locate more than two dozen children still missing from a...

Rwanda president warns against ‘tricks’ that could derail peace deal

(Al Jazeera Media Network) Rwandan President Paul Kagame has cautiously welcomed a United States-brokered peace deal with the Democratic Republic of the Congo (DRC), while...