Building a Greener Bitcoin: How to Reduce Carbon Emissions

Building a Greener Bitcoin: How to Reduce Carbon Emissions

In this, Part Three of a three-part series, we explore the impact the bitcoin network is having on the environment. Part One projected exactly how much carbon dioxide each bitcoin produces, while Part Two put this figure in context with the broader financial sector. This article explores potential solutions to bitcoin's growing environmental problem. It turns out that the electricity used to produce bitcoins produces quite a bit of carbon dioxide - the equivalent of burning 16 gallons of gasoline, in fact. That means the entire bitcoin network uses slightly more power than it takes to run....


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