{"id":6251,"date":"2023-10-31T10:40:35","date_gmt":"2023-10-31T10:40:35","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=6251"},"modified":"2023-10-31T10:40:35","modified_gmt":"2023-10-31T10:40:35","slug":"un-published-bitcoin-mining-report","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/un-published-bitcoin-mining-report\/","title":{"rendered":"UN Published Bitcoin Mining Report!"},"content":{"rendered":"

The United Nations (UN),<\/strong> claimed that Bitcoin mining consumes too much electricity and announced that it has published a report on this issue.<\/em><\/p>\n

\n

The cryptocurrency industry continues to grow rapidly in recent years, but this growth brings with it environmental concerns. In the report evaluating the UN’s 2020-2021 period, the activities of 76 Bitcoin <\/strong>mining countries worldwide were examined.<\/p>\n

You might like: The Latest Status in Cryptocurrencies! \u2013 31 October<\/strong><\/em><\/a><\/p><\/blockquote>\n

According to this report, with a power consumption of 173.42 terawatt-hours, Bitcoin<\/strong> mining emerged as a significant energy source during this period.<\/p>\n

Especially in 2021, with a 400% increase in the price of Bitcoin, there was also approximately a 140% increase in the electricity energy that Bitcoin<\/strong> has spent.<\/p>\n

During this period, Bitcoin reached its all-time high with $69,000. However, fossil energy sources fueled this growth, and these sources provided 67% of the electricity.<\/p>\n

This report presented by the UN indicated that the industry also brought environmental responsibilities with this high energy consumption. Hydroelectric energy played a significant role, providing more than 16% of the global Bitcoin<\/strong> mining network.<\/p>\n

After this report, the crypto community questioned its accuracy on carbon emissions, recalling a report that the UN had previously published in 2018.<\/p>\n

\n

You can freely share your thoughts and comments about the topic in the comment section. Please don\u2019t forget to follow us on our\u00a0Telegram<\/strong>,<\/a>\u00a0YouTube<\/strong><\/a>\u00a0and\u00a0Twitter<\/strong><\/a>\u00a0channels for the latest news.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The United Nations (UN), claimed that Bitcoin mining consumes too much electricity and announced that it has published a report on this issue. The cryptocurrency industry continues to grow rapidly in recent years, but this growth brings with it environmental concerns. In the report evaluating the UN’s 2020-2021 period, the activities of 76 Bitcoin mining<\/p>\n","protected":false},"author":2,"featured_media":6250,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[61,307,2263,2262,2261],"class_list":["post-6251","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-bitcoin","tag-bitcoin-mining","tag-energy","tag-the-united-nations","tag-un"],"yoast_head":"\nUN Published Bitcoin Mining Report! - Coin Engineer<\/title>\n<meta name=\"description\" content=\"The United Nations, claimed that Bitcoin mining consumes too much electricity and announced that it has published a report on this issue.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/un-published-bitcoin-mining-report\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UN Published Bitcoin Mining Report! 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