The statistics saying that one Bitcoin transaction produces 1800 tons of CO2 make no sense at all

Cryptocurrency News and Public Mining Pools

The statistics saying that one Bitcoin transaction produces 1800 tons of CO2 make no sense at all

Redditor will often use sources like this here: https://www.statista.com/statistics/881541/bitcoin-energy-consumption-transaction-comparison-visa/

It states that 1 Bitcoin transaction requires 2,264.93 kWh of energy which translates to 1.800 tons of CO2

There's about 300.000 Bitcoin transactions daily, so over the course of a year Bitcoin alone would produce 20 billion tons of CO2

Last year globally we produced 36 billion tons of CO2, so Bitcoin alone would have been responsible for like 2/3rds of all CO2 output.

But even before Bitcoin existed we had 32 billion tons of CO2, so how does it make any sense?

submitted by /u/DuploJamaal
[link] [comments]