Perspectives from “Life Cycle Assessment of Bitcoin Mining”
The debate around the environmental impact of the Bitcoin mining ecosystem is heating up once again as academics have provided a fresh dose of perspective on the subject. Aalborg University Ph.D. fellow Susanne Köhler and associate professor Massimo Pizzol co-authored a study titled “Life Cycle Assessment of Bitcoin Mining” that gives some data-driven assumptions about the environmental impact of the industry. It estimated that the Bitcoin network consumed 31.29 TWh with a carbon footprint of 17.29 metric tons of CO2 equivalent in 2018 using data, information and methodology from previous studies on the subject.
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