{"id":12434,"date":"2021-09-21T15:05:37","date_gmt":"2021-09-21T19:05:37","guid":{"rendered":"https:\/\/www.technewsday.com\/?p=12434"},"modified":"2021-09-22T08:54:58","modified_gmt":"2021-09-22T12:54:58","slug":"bitcoin-mining-producing-enormous-levels-of-waste","status":"publish","type":"post","link":"https:\/\/technewsday.com\/staging\/bitcoin-mining-producing-enormous-levels-of-waste\/","title":{"rendered":"Bitcoin Mining Producing Enormous Levels Of Waste"},"content":{"rendered":"\n<p>Bitcoin miners generate 30,700 tonnes of electronic waste every year, averaging 272g per transaction.<\/p>\n\n\n\n<p>The enormous amount of electricity used is compunded by the large amount of e-waste generated by mining computers. Researchers estimate the average lifespan of Bitcoin mining systems to be about 1.29 years, after which they are obsolete.<\/p>\n\n\n\n<p>This is because of the specialized processors known as application-specific Integrated Circuits (ASICs) used in bitcoin mining, which, researchers explained, &#8220;cannot be &#8220;repurposed for another task or even another type of cryptocurrency mining algorithm.&#8221;<\/p>\n\n\n\n<p>While other components of Bitcoin&#8217;s mining equipment consist largely of &#8220;metal casings and aluminum heat-sinks&#8221; that can be recycled, it is noteworthy that only 17% of electronic waste gets recycled, with its value depreciating in areas largely dominated by miners.<\/p>\n\n\n<p>For more information, read the <a href=\"https:\/\/www.bbc.com\/news\/technology-58572385\" target=\"_blank\" rel=\"noopener\">original story<\/a> in BBC.<\/p>","protected":false},"excerpt":{"rendered":"<p>Bitcoin miners generate 30,700 tonnes of electronic waste every year, averaging 272g per transaction.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[9],"tags":[124],"class_list":["post-12434","post","type-post","status-publish","format-standard","hentry","category-todays-news","tag-bitcoin"],"acf":[],"_links":{"self":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/12434","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/comments?post=12434"}],"version-history":[{"count":3,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/12434\/revisions"}],"predecessor-version":[{"id":12475,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/12434\/revisions\/12475"}],"wp:attachment":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/media?parent=12434"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/categories?post=12434"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/tags?post=12434"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}