That’s the weight of two iPhone 12 minis. In 2020 the bitcoin network processed 112.5m transactions (compared with 539bn processed by traditional payment service providers in 2019), according to the economists, meaning that each individual transaction “equates to at least 272g of e-waste”. This number is comparable to the amount of small IT and telecommunication equipment waste produced by a country like the Netherlands.” “As a result, we estimate that the whole bitcoin network currently cycles through 30.7 metric kilotons of equipment per year. “The lifespan of bitcoin mining devices remains limited to just 1.29 years,” write the researchers Alex de Vries and Christian Stoll in the paper, Bitcoin’s growing e-waste problem, published in the journal Resources, Conservation and Recycling.
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