Research: Bitcoin mining carbon emissions are lower than previously reported

According to The Daily Hodl, Susanne Koêhler, a researcher at Aalborg University in Denmark, recently released a new study showing that in 2018, the entire bitcoin mining process consumed about 31.29 terawatt hours of electricity. A carbon dioxide equivalent of about 1729 megatons was produced. This is lower than previous estimates, a previous report by Nature said that only bitcoin mining could undermine the climate change reduction targets set by world leaders in the Paris Agreement. Susanne said that the environmental impact of bitcoin mining should not be exaggerated.