About 30% of the total electricity used in mining comes from altcoin mining. Aboutthis is stated in a study by specialists from the Munich Technical University.
Authors of the article Ulrich Hallersdorfer, Lena Klaasenand Christian Stoll found that bitcoin mining accounts for about 66% of the total electricity used by miners. The rest of the energy consumed by mining pools is used to mine the top 20 altcoins.
The study calculated the total volumeelectricity, which is used to mine Ether, Bitcoin Cash, Bitcoin SV, Litecoin, Monero, Dash, Ethereum Classic, ZCash, Dogecoin, Bitcoin Gold, Decred, Ravencoin and a number of other altcoins.
Experts stressed that the growing scale of energy consumption by miners is of concern to environmentalists.
The article says:
«Energy consumption in itself is notis an issue in the context of climate change. But mining increases the load, which requires additional resources. An increase in capacity leads to a change in the intensity of harmful emissions, which has a negative impact on the environment.
On the degree of influence of mining on the environmentalthe situation has long been debated. Some researchers believe that this impact is minimal compared to the industrial sector and there is no reason to panic.
</p></p>Read this:
BTC, ETH and USDT account for 90% of the trading volume
Stellar Foundation burned over 50% of total XLM token supply
Elliptic: illegal bitcoin transactions account for less than 1% of the total
Researcher: traders trade mainly Bitcoin and Ethereum
Messari: Bitcoin, Ethereum and Tether account for 90% of the real trading volume.
Range, altcoins and traditional markets