Bitcoin $BTC only uses 0.05% of the total energy consumed globally CoinSharesCo Bitcoin
To start with, all Bitcoin miners on Earth combined only utilize 0.05% of global electricity consumption. Bitcoiners are responsible for 89 TWh, while the world's population consumes 162,194 TWh.Namely, it emits 50x less CO2 than aviation, 25 times less than air conditioners and half as much as the data center segment does. Even the tumble dryers of the world emit 12% more CO2 than Bitcoin miners.
However, even these numbers can be reduced: the Bitcoin mining segment can benefit from switching to flared and vented natural gas. Should this revolution take place, Bitcoin mining worldwide would become carbon negative.
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