Gelsinger said that to do well, we have to make technology a force. Intel is about to bring a blockchain chip, which is the best in terms of power performance. It will help in resolving the issues related to climate.
Cryptocurrencies are not regulated yet, but in the future they may prove useful to fulfill many purposes. The biggest concern about cryptocurrency is its mining i.e. preparing cryptocurrency. It consumes a lot of electricity and emits carbon. It has a serious impact on the environment.
He said that a single bitcoin ledger consumes enough electricity to meet the electricity needs of a household for a day. This is a climate crisis. …If we produce technology that consumes so much energy, it is not good.
Significantly, the impact of crypto mining on the environment has emerged as an important issue around the world.
When China banned crypto activities last year, Tesla chief Elon Musk said the southern parts of China were facing a serious power crisis. At one time China had the largest number of crypto miners in the world.
A research report last year claimed that between January 1, 2016 and June 30, 2018, the mining of four major cryptocurrencies released approximately 13 million metric tons of carbon dioxide.
In recent days, Iran, the Irkutsk region of eastern Russia, Kosovo and the city of Svaneti in Georgia have taken important steps due to crypto mining. Crypto mining was being done on a large scale here, due to which serious power crisis was being created in the areas. In the city of Swaneti, Georgia, people were given a sacred oath that people would not engage in crypto mining.
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