A Bitcoin produced in 2021 would have generated 113 metric tonnes of CO2 equivalent, which is 126 times more than one mined in 2016.
Which crypto has lowest carbon footprint?
Which crypto has the lowest carbon footprint? Through our research and analysis, we've found that Tezos has one of the lowest carbon footprints in the crypto market. The Tezos network consumes just over 113,200 kWh per year, which is around the same amount as just 10 US households.
How much CO2 does it take to mine a bitcoin?
The fact that an ever-growing number of miners compete to solve increasingly difficult operations means the overall energy use rises. That's why a Bitcoin mined in 2021 would have emitted about 113 metric tons of CO2 equivalent—126 times more than one mined in 2016, according to the researchers.
How much CO2 does crypto mining make?
According to the economists, the climate damage of producing the digital currency has averaged 35% of its market value over the past five years, peaking at 82% in 2020. That is comparable to beef, which causes harm equal to 33% of its market, or natural gas, which hits 46%.