Mar 09, 2021 12:35:00

Bill Gates says 'Bitcoin has a negative impact on the planet'

by Sam Churchill

'It's not climatically good,' said Bill Gates, noting that Bitcoin mining requires a lot of electricity.

Bill Gates Says that Bitcoin is bad For the Planet
https://www.technologyelevation.com/2021/03/bill-gates-says-that-bitcoin-is-bad-for.html

For a long time known as Microsoft's co-founder and 'Millionaire in the World,' Gates is also one of the world's leading aspirants to run a variety of charities. Most recently, the Bill & Melinda Gates Foundation, the world's largest charitable foundation founded with his wife Melinda, has made significant contributions to the new coronavirus infection that has caused global turmoil since 2020, as well as global warming. We have launched a number of initiatives to address energy issues, such asestablishing an investment fund called ' Breakthrough Energy Ventures ' that targets only companies that tackle energy issues such as global warming.

Gates also gave a lecture at the 2010 TED Conference to the effect that 'the world must achieve carbon neutrality by 2050.'

Mr. Gates newly said, 'Bitcoin requires more power per transaction than any other method known to humankind, so it is not very climatically good.' Bitcoin records the contents of transactions (transactions) such as 'Mr. A paid 1 bitcoin to Mr. B' one by one in a ledger called Ledger. In the case of Bitcoin, the processing power is contributed by the computing equipment that mines to verify that the transactions listed in the ledger are not inconsistent.

Gates mentions that this mining requires a lot of power. Not only does the calculation itself require power, but high-performance computing equipment requires a cooling system, which has the problem of synergistically increasing power consumption.

Cambridge University explains the power consumption of Bitcoin mining, which consumes national level electricity, in an easy-to-understand manner --GIGAZINE

Global warming is an urgent issue worldwide, and not only have many research results have been reported that 'the situation has reached an uncontrollable situation for humankind ,' but also January, May, and 9th , 2020. Research institutes report that the moon was 'the hottest month in observation history.'

September 2020 was 'the hottest September in history' announced by EU research institutes --GIGAZINE