Bitcoin Cs Mining Creates New Problems

 The increasing investment activity and the addition of Bitcoin made e-waste e-waste soaring, and was comparable to the waste of small IT equipment. According to the BBC, according to estimates by Alex de Vries and Christian Stoll, cryptocurrency miners annually generate 30,700 tonnes of e-waste.

The average waste generated is 272 g (9.5 oz) per transaction, in comparison the iPhone 13 weighs 173g (6.1oz). The research was published in the journal Resources, Conservation & Recycling.

Miners earn money by creating new Bitcoins, but the computing used consumes a lot of energy. For example, in the Philippines, the use of electricity and greenhouse gas pollution is higher with this mining.

The reason is that the computers used for mining become obsolete, it also produces a lot of electronic waste. Researchers estimate Bitcoin mining devices to have an average lifespan of just 1.29 years.

Electricity is one of the main components in Bitcoin mining, so it must use a more efficient processor. There has now been a move to highly specialized chips called Application-Specific Integrated Circuits (ASICs).

"Unfortunately ASICs are so specialized that when they become obsolete, they cannot be reused for other tasks or even other types of cryptocurrency mining algorithms," the researchers wrote as quoted by CNBC Indonesia, Tuesday (21/9/2021).

Although chips are not reusable, most Bitcoin mining equipment consists of components such as metal and aluminum coatings that can be recycled. Globally, more than 17% of all e-waste is recycled.

The study suggests that the amount recycled may be less in some countries with a large number of Bitcoin miners. In addition, in many cases the regulations regarding e-waste are also poor.

In addition to generating large amounts of e-waste, the researchers argue that the rapid turnover of devices and chips could disrupt global supply chains for other electronic devices. This is evident from many industries experiencing a global shortage of chips.

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