Tag: Bitcoin carbon footprint Vietnam
Bitcoin Carbon Footprint in Vietnam: Understanding the Environmental Impact
Introduction With the rise of Bitcoin, the environmental implications of cryptocurrency mining have come under scrutiny. In 2023, Bitcoin mining emissions accounted for approximately 0.1% of global CO2 emissions. This figure is concerning, especially in rapidly developing regions like Vietnam, where electricity consumption is on the rise. As Vietnam looks to expand its cryptocurrency market,…
Understanding Bitcoin Carbon Footprint in Vietnam
Understanding Bitcoin Carbon Footprint in Vietnam As the cryptocurrency landscape evolves, Bitcoin’s carbon footprint has become a pressing issue, particularly in developing markets like Vietnam. In 2023, it was reported that Bitcoin mining contributes approximately 0.5% to the world’s energy consumption. Given Vietnam’s rapid rise in Bitcoin adoption, with a user growth rate of 150%…
