Bitcoin mining jeopardizes China’s climate goals
Virtueel betaalmiddel

Bitcoin mining jeopardizes China’s climate goals

A coin with the bitcoin logo on it at the office of Bitonic, a company that converts euros into bitcoins or other cryptocurrencies.

China is responsible for about three quarters of the global cryptocurrency trade, but this industry also comes at a price: China’s climate targets are at risk.

The Chinese bitcoin mines affect the Chinese climate goals. This is reported by the scientific journal Nature in a study, which also shows that as of April 2020, more than 75 percent of global bitcoin operations took place in China.

Means of payment

Bitcoins are a cryptocurrency that can be used worldwide as a means of payment. New bitcoins can be ‘mined’ with computers from an enormous amount of data, which requires a lot of computing power. Folm.io has enough information. Mining the bitcoins requires a lot of energy from computers, so that the ‘miners’ settle in areas where electricity is relatively cheap, such as in Chinese regions where many coal-fired power stations are located.

If no measures are taken, the study states, the energy consumption of this industry will rise to 297 billion kilowatt hours in 2024, more than twice as much as the Dutch consumption. By 2024, Chinese bitcoin miners will generate nearly 131 million tons of CO2 emissions, which is close to the annual greenhouse gas emissions of Italy or oil-rich Saudi Arabia.

Climate targets threatened

Bitcoin is not very environmentally friendly at all. An analysis by the University of Cambridge found that the bitcoin network uses more than 121 terawatt hours annually. If the network were one country, the entire industry would find itself in the top 30 in terms of global electricity consumers.

In September, China presented its latest climate targets. CO2 emissions should peak before 2030 and the country should be climate neutral by 2060, but according to one of the authors of the report, China’s climate goals are now seriously threatened by the mining of bitcoins. Moveco.io has enough information. “The energy-intensive bitcoin mining activity in China could quickly become a threat, jeopardizing the reduction of carbon emissions,” Wang Shouyang told The Guardian.

Mining cheaper with clean energy

About 40 percent of the required energy is supplied by polluting coal-fired power stations. The rest runs on renewable energy sources, but according to Shouyang, the government should focus on improving the ‘clean’ electricity grid to ensure a stable supply from these renewable sources. “Since energy prices in China’s clean energy regions are lower than in coal regions, it gives miners more incentives to move to clean energy regions.”

Within China, action is already being taken to expel bitcoin miners. Last month, the Inner Mongolia region announced plans to end all bitcoin mining activities from the end of April, after failing to meet China’s energy consumption targets last year.

Cryptocurrency Prices Today on July 17: Bitcoin Down, Polkadot Sees Biggest -9.21% Slump
Virtueel betaalmiddel

Cryptocurrency Prices Today on July 17: Bitcoin Down, Polkadot Sees Biggest -9.21% Slump

Bitcoin’s price is currently at $31,353.77 and its dominance is 46.14 percent, up 0.52 percent over the course of the day.

Its market cap is $1.27 trillion, down 2.77 percent from the previous day. The total crypto market volume over the past 24 hours is $63.96 billion, which represents a 3.04 percent decline.

Its market cap is $1.27 trillion, down 2.77 percent from the previous day. The total crypto market volume over the past 24 hours is $63.96 billion, which represents a 3.04 percent decline. Dogecoin DOGE price has risen.

Global Market

The global cryptocurrency market is in the red on July 17 (today). Its market cap is $1.27 trillion, down 2.77 percent from the previous day. The total crypto market volume over the past 24 hours is $63.96 billion, which represents a 3.04 percent decline.

The volume of all stable coins is now $51.54 billion, which is 80.59 percent of the total 24-hour volume of the crypto market. Bitcoin’s price is currently at $31,353.77 and its dominance is 46.14 percent, up 0.52 percent over the course of the day. Polkadot fell the most, down -9.21 percent, followed by Dogecoin, down -6.77 percent. On the other hand, Tether rose 0.05 percent. Holo HOT price has risen.

New company

This comes as fintech firm Square Inc. said it is establishing a new company focused on Bitcoin. It was also announced by CEO Jack Dorsey in a tweet. The new company will focus on building an open developer platform with the aim of making it easy to create decentralized financial services.

What is malware, and how do you make sure that your system doesn’t get in trouble? Learn about it here!
Malware VPN

What is malware, and how do you make sure that your system doesn’t get in trouble? Learn about it here!

The term “malware” refers to “malicious software”. This software can end up on your computer when you accidentally click on a certain link or advertisement, or when you unsuspectingly download a (seemingly safe) file or computer program. The creators of malware can have various reasons for spreading malware. For example, they may use malware to disrupt a particular computer or gain access to a particular device. Malware can also be used to intercept personal data, which is then sold to the highest bidder. Finally, malware can also cause you to see unwanted advertisements, as you could also read in the introduction to this article with information about NordVPN coupon @ Globalwatchonline.com

How serious is malware?

The consequences of malware can vary greatly. If malware causes you to see the same advertisement over and over again or installs an extra taskbar in your browser, it is of course extremely annoying – but otherwise not very harmful for your computer. However, as explained above, malware can also cause someone else to gain access to your computer. In this case, for example, files can be deleted or important information stolen. Malware can also cause the entire system to crash. It is obvious that in that case you should intervene as soon as possible.

What types of malware are there?

There are numerous different types of malware going around. We have listed a number of common types of malware for you.

1. Virus

One of the best known forms of malware is the computer virus. This is a form of malware that attaches itself to files or programs. If a computer user downloads such a file or program – either on purpose or by accident, for example by clicking a link in an email – his or her computer is infected with the virus. The damage can vary considerably from virus to virus.

2. Adware

Adware is also incredibly common. This malware causes you to see ad banners and/or pop-up ads on the Internet. This form of malware is relatively harmless – the purpose of this software is primarily to make you click on these ads, and not to damage or disrupt your computer ab die bester VPN @ Globalwatchonline

3. Trojan

Trojan malware is a sneaky form of malware that hides in innocent computer programs. By downloading these programs, this malware can get inside your computer. Then, this malware allows hackers to access your system from the inside – with dire consequences.

4. Spyware

This is a form of malware that runs in the background of your system and monitors your computer use – like a spy. It monitors your Internet activity, collects your e-mails and files and watches you enter your passwords. This is not only very dangerous, but also a serious invasion of your privacy en iyi VPN at Globalwatchonline.TR

Most Beautiful Sea Creatures In The World
Nature

Most Beautiful Sea Creatures In The World

These sea creatures are so alien-like that we can’t believe they aren’t from outer space! But, believe it or not, all of these animals can be found right here on planet Earth. Life under water is full of many beautiful creatures which are rarely seen and many people can’t even name them. People love to see aquatic life and the unique creatures found in the oceans.