{"id":377,"date":"2019-06-04T10:16:19","date_gmt":"2019-06-04T09:16:19","guid":{"rendered":"https:\/\/affidaty.io\/blog\/?p=377"},"modified":"2023-03-20T09:10:20","modified_gmt":"2023-03-20T08:10:20","slug":"how-much-does-traditional-mining-consume","status":"publish","type":"post","link":"https:\/\/affidaty.io\/blog\/en\/2019\/06\/how-much-does-traditional-mining-consume\/","title":{"rendered":"How much does traditional mining consume?"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" data-src=\"https:\/\/affidaty.io\/blog\/wp-content\/uploads\/2019\/06\/Articolo-SOSTENIBILITA-rid-1.jpg\" alt=\"How much does traditional mining consume?\" class=\"wp-image-378 lazyload\"><noscript><img decoding=\"async\" width=\"600\" height=\"317\" src=\"https:\/\/affidaty.io\/blog\/wp-content\/uploads\/2019\/06\/Articolo-SOSTENIBILITA-rid-1.jpg\" alt=\"How much does traditional mining consume?\" class=\"wp-image-378\" srcset=\"https:\/\/affidaty.io\/blog\/wp-content\/uploads\/2019\/06\/Articolo-SOSTENIBILITA-rid-1.jpg 600w, https:\/\/affidaty.io\/blog\/wp-content\/uploads\/2019\/06\/Articolo-SOSTENIBILITA-rid-1-300x158.jpg 300w, https:\/\/affidaty.io\/blog\/wp-content\/uploads\/2019\/06\/Articolo-SOSTENIBILITA-rid-1-768x405.jpg 768w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><\/noscript><\/figure>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\">edited by:<br><b>Dane Marciano, CEO of Affidaty S.p.A<\/b><br><b>Giovanni Capaccioli, R&amp;D of Affidaty S.p.A<\/b><\/p>\n\n\n\n<div style=\"height:52px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Sustainability:<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The sustainability issue is delicate and has been ignored until the major player, the miners, started using Bitcoin and other <a href=\"https:\/\/affidaty.io\/blog\/en\/2019\/04\/blockchain-applications-the-future-is-here\/\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\" (apre in una nuova scheda)\">blockchains<\/a>.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Without their contribution, the <a href=\"https:\/\/affidaty.io\/blog\/en\/2019\/04\/blockchain-applications-the-future-is-here\/\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\" (apre in una nuova scheda)\">blockchain<\/a>, as it was designed, could not exist, since they do the concrete work. The miners, as we learned, are those who lend the computing power of their PCs to conduct the complex operations of opening and closing a block, securing the transactions and achieving consensus.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">These procedures require time and computing power, and this implies costs for miners. <b>They pay for the energy used,<\/b> and then there is the constant hardware manutention and replacement on top of which they compete against each other.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Moreover, it has to be considered that <b>mining has been continuously growing<\/b>, to the extent that the Big Whales, the giants of the market, developed in the direction of shared mining, or <b>mining pools<\/b>. These are real places where hundreds, or thousands, of physical mining machines which can be related to different users around the world. They work together to have better chances to earn from finding, opening, closing a block and sharing with its transactions inside.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The energy consumption related to mining has skyrocketed lately. Digiconomist published an assessment on energy consumption, stating that, surprisingly, <a href=\"https:\/\/digiconomist.net\/bitcoin-energy-consumption#assumptions\">Bitcoin<\/a> and <a href=\"https:\/\/digiconomist.net\/ethereum-energy-consumption\">Ethereum<\/a> require as much energy as a country like Syria.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Let&#8217;s see some more examples:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><b>14,5 TWh<\/b> consumed by the whole Bitcoin ecosystem (the same as Turkmenistan which counts 5 million people);<\/li><li><b>4,7 TWh<\/b> consumed by Ethereum ecosystem (equivalent to the consumption of Malta which has 3 million inhabitants);<\/li><li><a href=\"http:\/\/dati.istat.it\/Index.aspx?DataSetCode=DCCV_CNSENRG\">ISTAT<\/a> and <a href=\"http:\/\/mediagallery.comune.milano.it\/cdm\/objects\/changeme:75132\/datastreams\/dataStream8700203706415806\/content?pgpath=ist_it_contentlibrary\/sa_sitecontent\/segui_amministrazione\/dati_statistici\/popolazione_residente_a_milano\">municipality of Milan<\/a>: Milan uses <b>12 TWh,<\/b> 2\/3 of the whole crypto mining scenario<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">These are a few explanatory examples examined by <a href=\"https:\/\/www.hwupgrade.it\/news\/scienza-tecnologia\/il-mining-di-bitcoin-ed-ethereum-consuma-come-interi-stati_69838.html\">authoritative sources<\/a>, but lead to reflect constructively on positive elements and to develop new tests, studies and new ways of implementing alternative or parallel technologies, to tackle the issues that emerged over the years.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">That&#8217;s why many are studying and testing different implementable solutions to apply to the existing <a href=\"https:\/\/affidaty.io\/blog\/en\/2019\/04\/blockchain-applications-the-future-is-here\/\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\" (apre in una nuova scheda)\">blockchain<\/a> technologies or ways to improve them, aiming at providing new solutions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>edited by:Dane Marciano, CEO of Affidaty S.p.AGiovanni Capaccioli, R&amp;D of Affidaty S.p.A Sustainability: The sustainability issue is delicate and has been ignored until the major player, the miners, started using Bitcoin and other blockchains.&nbsp; Without their contribution, the blockchain, as it was designed, could not exist, since they do the concrete work. The miners, as [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":379,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":{"subtitle":"","format":"standard","video":"","gallery":"","source_name":"","source_url":"","via_name":"","via_url":"","override":[{"single_blog_custom":"","sidebar":"","second_sidebar":"","share_position":"","share_float_style":"","post_date_format":"","post_date_format_custom":"","post_reading_time_wpm":"","zoom_button_out_step":"1","zoom_button_in_step":"1","number_popup_post":"1"}],"image_override":[{"single_post_thumbnail_size":"","single_post_gallery_size":""}],"trending_post_position":"","trending_post_label":"","sponsored_post_label":"","sponsored_post_name":"","sponsored_post_url":"","sponsored_post_logo":"","sponsored_post_desc":""},"jnews_primary_category":{"id":""},"jnews_social_meta":{"fb_title":"","fb_description":"","fb_image":"","twitter_title":"","twitter_description":"","twitter_image":""},"footnotes":""},"categories":[1487,349,525],"tags":[792,794,800,170,802,175,826],"coauthors":[88],"class_list":["post-377","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-educational-ita-en","category-educational-eng","category-real-applications-en","tag-affidaty-en","tag-ai-eng","tag-bitcoin-en","tag-blockchain-en","tag-consumption","tag-ethereum-en","tag-mining-en"],"_links":{"self":[{"href":"https:\/\/affidaty.io\/blog\/wp-json\/wp\/v2\/posts\/377","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/affidaty.io\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/affidaty.io\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/affidaty.io\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/affidaty.io\/blog\/wp-json\/wp\/v2\/comments?post=377"}],"version-history":[{"count":0,"href":"https:\/\/affidaty.io\/blog\/wp-json\/wp\/v2\/posts\/377\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/affidaty.io\/blog\/wp-json\/wp\/v2\/media\/379"}],"wp:attachment":[{"href":"https:\/\/affidaty.io\/blog\/wp-json\/wp\/v2\/media?parent=377"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/affidaty.io\/blog\/wp-json\/wp\/v2\/categories?post=377"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/affidaty.io\/blog\/wp-json\/wp\/v2\/tags?post=377"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/affidaty.io\/blog\/wp-json\/wp\/v2\/coauthors?post=377"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}