China’s lucrative bitcoin mines risk derailing climate goals
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AFP | 8 April, 2021
China’s electricity-hungry bitcoin mines that power nearly 80% of the global trade in cryptocurrencies, risk undercutting the country’s climate goals, according to a study in the journal
Nature this week.
Bitcoin and other cryptocurrencies are minted by solving puzzles using powerful computers that consume enormous amounts of electricity – much of it produced by coal plants. The
Nature study found that if left unchecked, China’s bitcoin mines will generate 130.50 million metric tons of carbon emissions by 2024 – close to the annual greenhouse gas emissions from an entire country like Italy or oil-rich Saudi Arabia.
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Cambridge-university-bitcoin-electricity-consumption-index
The future of data centers is hyperscale
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Despite dismal data center infrastructure spending in 2020 due to the pandemic, pundits expect a huge rebound starting in 2021.
As organizations continue to make the shift from private server solutions to cloud-based applications, hyperscale data centers will play a major role in their future IT operations.
The pandemic has been a watershed event for the world, and a defining moment for the cloud and hyperscale data centers. For many organizations, a digital transformation that was expected to take years has been compressed into a matter of days and weeks. Entire industries are being reset, and digital infrastructure is front and center in the transition.
Joe-devanesan
Shantanu-preetam
John-dinsdale
Hyperscale-capex
Google
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Facebook
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