Bitcoin and climate change

[Lens1000]

The issue surrounding the energy usage in bitcoin mining continue to gather pace, So many expert on separate note have said different things about bitcoin.

Some cited that "bitcoin consumed electrcity more than Argentina," some stated bitcoin when ranked as a country is 30 in the world" in terms of its energy usage . Are these statements true? Different people have said different version of the statements

The statements are not true and this cause panic and leave all readers with a wrong impression that if bitcoin is left unregulated it will ruin the planet considering its exponential growth lately.

Comparing Bitcoin to countries and ranking them does a great job of making people feel that Bitcoin is not only one of the leading sources of emissions already, but is truly an outsized problem compared to the nearly 200 countries on the planet.

Comparing the annual emissions output from Digiconomist, it states "CO2 Emissions data from Our World In Data, we find that Bitcoin’s global share of emissions of approximately 47 million tons of CO2 is only about 0.13% of the global annual total out of roughly 37 billion tons today". As such it paints a radically different image.

Taking this into account Bitcoin’s share of measured global emissions to date becomes even smaller, approximately 0.028% using this highly conservative approach.

Bitcoin is barely 12 years and it has recorded such a high criticisms from its disbelievers.

What's your thoughts on this?

 

[Josemendez]

The issue surrounding the energy usage in bitcoin mining continue to gather pace, So many expert on separate note have said different things about bitcoin.

Some cited that "bitcoin consumed electrcity more than Argentina," some stated bitcoin when ranked as a country is 30 in the world" in terms of its energy usage . Are these statements true? Different people have said different version of the statements

The statements are not true and this cause panic and leave all readers with a wrong impression that if bitcoin is left unregulated it will ruin the planet considering its exponential growth lately.

Comparing Bitcoin to countries and ranking them does a great job of making people feel that Bitcoin is not only one of the leading sources of emissions already, but is truly an outsized problem compared to the nearly 200 countries on the planet.

Comparing the annual emissions output from Digiconomist, it states "CO2 Emissions data from Our World In Data, we find that Bitcoin’s global share of emissions of approximately 47 million tons of CO2 is only about 0.13% of the global annual total out of roughly 37 billion tons today". As such it paints a radically different image.

Taking this into account Bitcoin’s share of measured global emissions to date becomes even smaller, approximately 0.028% using this highly conservative approach.

Bitcoin is barely 12 years and it has recorded such a high criticisms from its disbelievers.

What's your thoughts on this?

In as much as these claims about bitcoin may be true , it doesn't also cancel the fact that bitcoin energy usage is minimal compared to many other energy consuming activities in the world.
Gas flaring and some industrial waste affects the environment more than bitcoin mining. The reason behind the hatred on bitcoin by the government is simply because they cannot control it's usage.