Post
Topic
Board Bitcoin Discussion
Re: Country rankings in "Bitcoin friendliness"
by
bbc.reporter
on 08/07/2023, 08:49:00 UTC
I know lots of online magazines like Forbes sometimes do lists of "ten Bitcoin-friendly countries". But these sort of articles are usually just fluff (like "ten countries it is easy to retire to" and from experience I know their "lists" are rubbish).

I speculate that America will be in the Forbes list of top 10 most friendly countries for bitcoin while Blackrock is applying for their spot ETF hehehehe.

Read this article. After years of fud and years of publishing news that clearly implies that bitcoin mining is destroying the environment, Forbes has become instantly more supportive. Head scratching.



Bitcoin, often criticized for its energy consumption, actually uses less energy than many traditional industries. With an annual consumption of 129.45 TWh, it accounts for only 0.078% of global energy use. In comparison, the gold industry consumes around 240.61 TWh annually, factoring in emissions from various stages of production and refining. The traditional banking system, encompassing data centers, branches, ATMs, and card network data centers, uses even more energy, estimated at around 638.88 TWh annually.

When we delve into the emission intensity (g/kWh) of bitcoin and compare it with other industries, it becomes clear that bitcoin, with an emission intensity of 296 g/kWh and a sustainable energy mix of 52.6%, is more environmentally efficient than many other sectors.

The gold industry, which relies on a combination of non-electrical and electrical power sources, has an even higher emission intensity of 679g/kWh and a sustainable energy mix of a mere 12.8%, according to Goldmoney.com. These figures underscore the critical role of the energy mix in determining the environmental impact, and they position bitcoin in a more favorable light when considering emission intensity.


Source https://www.forbes.com/sites/digital-assets/2023/07/07/everything-you-need-to-know-about-bitcoin-and-the-environment/