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- Brad Garlinghouse shared his criticism on Twitter about the environmental impact caused by the mining of Bitcoin and Ethereum.
- Brad told in twitter that the energy consumed is going totally waste given to the returns gained through the mining of BTC and ETH.
- Alex stated that 98% of the mining rigs launching now would become obsolete in just one year when updated rigs are rolled out.
Brad Garlinghouse, the CEO of Ripple, shared his criticism on Twitter about the environmental impact caused by the mining of Bitcoin and Ethereum. Brad Garlinghouse also shared this in an interview with Alex De Vries of the Telegraph newspaper depicting a large amount of energy consumption carried out in the mining.
Roughly more than 77.7 terawatts of electricity are being consumed globally to process the mining, which is equivalent to the power supply of the country of Chile entirely in figures.
Since the inception of mining of both Bitcoin and Ethereum, the carbon emissions have significantly risen to 39.96 million tons. Brad told in twitter that the energy consumed is going totally waste given to the returns gained through the mining of BTC and ETH while it also adds as a little cause to the global climate crisis.
Alex stated that 98% of the mining rigs launching now would become obsolete in just one year when updated rigs are rolled out, and the older ones get wore out due to over computing. Both the spectators agree upon the effects of mining on the global environment and climate.
It is no surprise that mining now has become a cause for climate change and crisis. However, Brad is surprised that the Ethereum ecosystem under the survey of mining showed only significant use of the power of about 8.08 Terawatts per hour which is comparatively only 10% of what Bitcoin uses in the mining.
The users on twitter have stood against the comment of Brad ion this topic, stating that he is doing this so as to gain more attention to the Ripple token while denouncing Bitcoin and Ethereum.
They stated that he is not aware of the complete statistics and how the miner of BTC and ETH are choosing a greener option such as solar power and wind farms to conduct the mining.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
