Many experts periodically accuse bitcoin of causing great environmental harm.
Now Intel CEO Patrick Gelsinger has joined the critics of BTC mining. One transaction record on the blockchain consumes the amount of electricity needed to power your home during the day, the company's CEO said in an interview.
In his opinion, crypto mining provokes an aggravation of the energy crisis, and the negative impact of mining on the environment has been discussed earlier in many studies.
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Cambridge experts found that the BTC network annually consumes about 125 TWh of electricity. That is more than the energy consumption of countries such as the United Arab Emirates and Sweden.
The CEO of Intel announced that his company plans to release a mining chip that will be less harmful to the environment.