Environmental Impact Of Bitcoin
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Environmental Impact Of Bitcoin
One environmental impact of Bitcoin is that it worsens climate change. This is because bitcoins are made using electricity partially generated by gas and coal-fired power plants. When burned, coal and natural gas emit greenhouse gases, which heat the Earth and change the climate. , such bitcoin mining is estimated to be responsible for 0.1% of world greenhouse gas emissions. A second environmental impact is the air pollution caused by coal-fired electricity generation, and a third is the e-waste due to the short life expectancy of bitcoin mining equipment. Bitcoin is a cryptocurrency made by proof-of-work, while some other cryptocurrencies, such as Ethereum, are made by proof-of-stake, which consumes less electricity. , the Cambridge Centre for Alternative Finance (CCAF) estimates that bitcoin consumes around 100 TWh annually, and says bitcoin mining uses about as much electricity as Egypt. But it is difficult to find out how the electricity used for mining was generated, and ...
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Attribution Of Recent Climate Change
Efforts to scientifically ascertain and attribute mechanisms responsible for recent global warming and related climate changes on Earth have found that the main driver is elevated levels of greenhouse gases produced by human activities, with natural forces adding variability. The likely range of human-induced surface-level air warming by 2010–2019 compared to levels in 1850–1900 is 0.8 °C to 1.3 °C, with a best estimate of 1.07 °C. This is close to the observed overall warming during that time of 0.9 °C to 1.2 °C, while temperature changes during that time were likely only ±0.1 °C due to natural forcings and ±0.2 °C due to variability in the climate. According to the Intergovernmental Panel on Climate Change (IPCC) in 2021, it is "unequivocal that human influence has warmed the atmosphere, ocean and land since pre-industrial times." Studies on attribution have focused on changes observed during the period of instrumental temperat ...
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Clean Electricity
Renewable energy is energy that is collected from renewable resources that are naturally replenished on a human timescale. It includes sources such as sunlight, wind, the movement of water, and geothermal heat. Although most renewable energy sources are sustainable, some are not. For example, some biomass sources are considered unsustainable at current rates of exploitation. Renewable energy often provides energy for electricity generation to a grid, air and water heating/cooling, and stand-alone power systems. Renewable energy technology projects are typically large-scale, but they are also suited to rural and remote areas and developing countries, where energy is often crucial in human development. Renewable energy is often deployed together with further electrification, which has several benefits: electricity can move heat or objects efficiently, and is clean at the point of consumption. In addition, electrification with renewable energy is more efficient and therefore lead ...
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Seneca Lake (New York)
Seneca Lake is the largest of the glacial Finger Lakes of the U.S. state of New York, and the deepest glacial lake entirely within the state. It is promoted as being the lake trout capital of the world, and is host of the National Lake Trout Derby. Because of its depth and relative ease of access, the US Navy uses Seneca Lake to perform test and evaluation of equipment ranging from single element transducers to complex sonar arrays and systems. The lake takes its name from the Seneca nation of Native Americans. At the north end of Seneca Lake is the city of Geneva, New York, home of Hobart and William Smith Colleges and the New York State Agricultural Experiment Station, a division of Cornell University. At the south end of the lake is the village of Watkins Glen, New York, famed for auto racing (hosting Watkins Glen International racetrack) and waterfalls. Due to Seneca Lake's unique macroclimate it is home to over 50 wineries, many of them farm wineries and is the location of ...
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Dresden, Yates County, New York
Dresden is a village in Yates County, New York, United States. The population was 308 at the 2010 census. The village was named after Dresden in Germany. The Village of Dresden is located in the Town of Torrey and is twelve miles south of Geneva. Dresden is located in the Finger Lakes Region of New York. History The region was known as "Kashong" (or "Kashanquash") to the natives and was part of the Phelps and Gorham Purchase. At the end of the 18th century, followers of the Public Universal Friend, a religious leader, began to settle in the area. They called the area "Jerusalem" and founded a community near the present site of Dresden. Dresden was founded in 1811 as a planned community. The Village of Dresden was incorporated in 1867. Dresden was the eastern terminus for the former Crooked Lake Canal, which operated from 1833 to 1877. This canal linked the area through other lake canals to the Erie Canal. The Robert Ingersoll Birthplace and Christopher Willis House are ...
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Energy In Kazakhstan
Energy in Kazakhstan describes energy and electricity production, consumption and import in Kazakhstan and the politics of Kazakhstan related to energy. Kazakhstan is net energy exporter. Kazakhstan has oil, gas, coal and uranium reserves. Kazakhstan is a leading energy producer in the Commonwealth of Independent States (CIS). It is a major producer of oil, gas, and coal, as well as being the largest producer and exporter of uranium ore in the world. Kazakhstan's oil and gas industry has been intensively developing after 1999. China is one of the biggest investors in Kazakhstan's oil and gas industry. Kazakhstan 2050 Strategy commits to 50% of energy consumption come from renewable or alternative sources. According to IEA primary energy supply increased 29% and energy export 21% from 2004 to 2008 in Kazakhstan. Energy by sources In 2018 about half of energy was from coal and about a quarter each from oil and natural gas. Kazakhstan started looking for ways to use its ren ...
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Legality Of Bitcoin By Country Or Territory
The legal status of cryptocurrencies varies substantially from one jurisdiction to another, and is still undefined or changing in many of them. Whereas, in the majority of countries the usage of cryptocurrency isn't in itself illegal, its status and usability as a means of payment (or a commodity) varies, with differing regulatory implications.Crypto's Biggest Legal Problems
''Crypto Law Review.'' Accessed 25 September 2018. While some states have ''explicitly'' allowed its use and trade, others have banned or restricted it. Likewise, various government agencies, departments, and courts have classified cryptocurrencies differently.


Detail by intergovernmental organization


Detail by country or territory


Alphabetical index to classifications

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Sichuan
Sichuan (; zh, c=, labels=no, ; zh, p=Sìchuān; alternatively romanized as Szechuan or Szechwan; formerly also referred to as "West China" or "Western China" by Protestant missions) is a province in Southwest China occupying most of the Sichuan Basin and the easternmost part of the Tibetan Plateau between the Jinsha River on the west, the Daba Mountains in the north and the Yungui Plateau to the south. Sichuan's capital city is Chengdu. The population of Sichuan stands at 83 million. Sichuan neighbors Qinghai to the northwest, Gansu to the north, Shaanxi to the northeast, Chongqing to the east, Guizhou to the southeast, Yunnan to the south, and the Tibet Autonomous Region to the west. In antiquity, Sichuan was the home of the ancient states of Ba and Shu. Their conquest by Qin strengthened it and paved the way for Qin Shi Huang's unification of China under the Qin dynasty. During the Three Kingdoms era, Liu Bei's state of Shu was based in Sichuan. The ...
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Xinjiang
Xinjiang, SASM/GNC: ''Xinjang''; zh, c=, p=Xīnjiāng; formerly romanized as Sinkiang (, ), officially the Xinjiang Uygur Autonomous Region (XUAR), is an autonomous region of the People's Republic of China (PRC), located in the northwest of the country at the crossroads of Central Asia and East Asia. Being the largest province-level division of China by area and the 8th-largest country subdivision in the world, Xinjiang spans over and has about 25 million inhabitants. Xinjiang borders the countries of Mongolia, Russia, Kazakhstan, Kyrgyzstan, Tajikistan, Afghanistan, Pakistan and India. The rugged Karakoram, Kunlun and Tian Shan mountain ranges occupy much of Xinjiang's borders, as well as its western and southern regions. The Aksai Chin and Trans-Karakoram Tract regions, both administered by China, are claimed by India. Xinjiang also borders the Tibet Autonomous Region and the provinces of Gansu and Qinghai. The most well-known route of the historic Silk Ro ...
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Coal Power
A coal-fired power station or coal power plant is a thermal power station which burns coal to generate electricity. Worldwide, there are about 8,500 coal-fired power stations totaling over 2,000 gigawatts capacity. They generate about a third of the world's electricity, but cause many illnesses and early deaths, mainly from air pollution. A coal-fired power station is a type of fossil fuel power station. The coal is usually pulverized and then burned in a pulverized coal-fired boiler. The furnace heat converts boiler water to steam, which is then used to spin turbines that turn generators. Thus chemical energy stored in coal is converted successively into thermal energy, mechanical energy and, finally, electrical energy. Coal-fired power stations emit over 10 Gt of carbon dioxide each year, about one fifth of world greenhouse gas emissions, so are the single largest cause of climate change. More than half of all the coal-fired electricity in the world is generated i ...
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Michael Novogratz
Michael Edward Novogratz (born November 26, 1964) is an American investor, formerly of the investment firm Fortress Investment Group. He is currently CEO of Galaxy Investment Partners which focuses on investments in cryptocurrency. Early life Raised in Alexandria, Virginia, Novogratz is the third of seven children of West Point football lineman and 1958 Knute Rockne Award (best lineman) winner Robert, Sr. He attended Fort Hunt High School. Novogratz was state of Virginia high school wrestling runner-up before serving as Princeton Wrestling captain. Novogratz was first team All-Ivy League in both 1986 () and 1987 (). He qualified for the National Collegiate Athletic Association (NCAA) wrestling championships in both 1986 and 1987 (both at ). Novogratz earned his A.B. in economics. At the 1987 NCAA wrestling championships, he made it to the round of 16 in the winners bracket and was eliminated from the consolation bracket in the round of 12. Career After a stint in the New Jer ...
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International Energy Agency
The International Energy Agency (IEA) is a Paris-based autonomous intergovernmental organisation, established in 1974, that provides policy recommendations, analysis and data on the entire global energy sector, with a recent focus on curbing carbon emissions and reaching global climate targets, including the Paris Agreement. The 31 member countries and 11 association countries of the IEA represent 75% of global energy demand. The IEA was set up under the framework of the Organisation for Economic Co-operation and Development (OECD) in the aftermath of the 1973 oil crisis to respond to physical disruptions in global oil supplies, provide data and statistics about the global oil market and energy sector, promote energy savings and conservation, and establish international technical collaboration on innovation and research. Since its founding, the IEA has also coordinated use of the oil reserves that its members are required to hold. In subsequent decades, the IEA's role expanded t ...
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Bitcoin Electricity Consumption
Bitcoin (abbreviation: BTC; sign: ₿) is a decentralized digital currency that can be transferred on the peer-to-peer bitcoin network. Bitcoin transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. The cryptocurrency was invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto. The currency began use in 2009, when its implementation was released as open-source software. The word "''bitcoin''" was defined in a white paper published on October 31, 2008. It is a compound of the words ''bit'' and ''coin''. The legality of bitcoin varies by region. Nine countries have fully banned bitcoin use, while a further fifteen have implicitly banned it. A few governments have used bitcoin in some capacity. El Salvador has adopted Bitcoin as legal tender, although use by merchants remains low. Ukraine has accepted cryptocurrency donations to fund the resistance to the 2022 Russian in ...
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