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SCIENCEWednesday 3 January 2018

Q&A: How is the growth of bitcoin affecting the environment?

By PATRICK WHITTLE              In this Dec. 21, 2017 file photo, a woman walks past the Bitcoin ATM in Hong Kong.                                                    amount of electricity they
 Associated Press                                                                                                                                   Associated Press  could possibly be using is
The growth of bitcoin is                                                                                                                                              13 terawatt hours, de Vries
fueling speculation and         in late December, com-           coin goes up, the puzzles        of a Sierra Club chapter in                                         said in an interview. That’s
debate about the envi-          pared with about $1,000          become increasingly more         Maine, said in an interview                                         about as much as the en-
ronmental impact of the         in March. The price is also      difficult, and it requires       that the growth of virtual                                          tire country of Slovenia. De
collective energy needed        volatile, though, and tailed     more computer power to           currencies such as bitcoin                                          Vries said less conservative
to power the virtual cur-       off somewhat after coming        solve them.                      “threatens progress we are                                          estimates make it entirely
rency in the era of climate     close to $20,000 earlier in      Some estimates say more          making toward moving                                                possible that bitcoin is using
change. Some questions          December. A bitcoin itself       than 60 percent of the pro-      toward a low energy, low                                            as much energy as Ireland,
and answers about the is-       is essentially a line of com-    cessing power used to mine       carbon economy.”                                                    which consumes about
sue:                            puter code. It’s signed digi-    bitcoin is in China, where it    HOW MUCH DOES BITCOIN                                               twice as much as Slove-
WHAT IS BITCOIN?                tally when it goes from one      relies heavily on the burn-      REALLY AFFECT ENERGY                                                nia, or about 0.7 percent of
Bitcoin is the most popu-       owner to another.                ing of coal. Coal and other      CONSUMPTION?                                                        the U.S. total. The problem
lar virtual currency in the     WHY ARE CRITICS CON-             fossil fuels are also the larg-  Estimates vary, and a true                                          is getting worse, said de
world, and it has grown in      CERNED ABOUT BITCOIN             est generator of electric-       figure could be impossible                                          Vries, who estimated the
value this year. It was creat-  ENERGY USE?                      ity for the rest of the world,   to come by because of the                                           annual amount of energy
ed in 2009 as a new way of      Bitcoin can’t exist without      and coal is a significant        intentionally anonymous                                             consumed by bitcoin rose
paying for things that would    computers, which can’t ex-       contributor to manmade           nature of bitcoin use. But                                          by a fifth in the final weeks
not be subject to central       ist without a source of elec-    climate change. Burning it       Dutch bitcoin analyst Alex                                          of 2017.
banks that are capable          tricity. And the number of       produces carbon dioxide,         de Vries, who operates a                                            WHO IS RIGHT IN THE BIT-
of devaluing currency.          computers and the energy         a gas that is a primary con-     Bitcoin Energy Consump-                                             COIN DEBATE?
The sustainability concerns     needed to power them is          tributor to global warming.      tion Index on the website                                           The extent of bitcoin’s im-
about bitcoin, voiced by        rising. The growing value of     This reliance on fossil fuels    Digiconomist, has pro-                                              pact on the environment,
economists and environ-         bitcoin is directly tied to the  has given rise to specula-       duced estimates he be-                                              and how much that should
mentalists, stem from the       amount of energy it uses.        tion that bitcoin’s energy       lieves are alarming.                                                matter to people who use
process of “mining” that is     The miners unlock bitcoins       consumption will continue        If bitcoin miners are us-                                           it, is a source of debate.
central to its existence.       by solving complex, unique       to rise as it grows in popu-     ing the most efficient ma-                                          While de Vries says bitcoin
The “miners” use computers      puzzles. As the value of bit-    larity. Glen Brand, director     chines possible, the lowest                                         is consuming an “insane
to make complex calcula-                                                                                                                                              amount of energy,” both
tions that verify transactions                                                                                                                                        on its own and relative to
in bitcoins. This uses a tre-                                                                                                                                         older payment systems
mendous amount of ener-                                                                                                                                               such as credit cards, others
gy via computers and serv-                                                                                                                                            think the situation is now so
er farms all over the world,                                                                                                                                          dire.
which has given rise to con-                                                                                                                                          Bitcoin investor Marc Bev-
cerns about the amount                                                                                                                                                and, of St. Louis, has written
of fossil fuel-dependent                                                                                                                                              that bitcoin likely uses close
electricity used to power                                                                                                                                             to four or five terawatt
the computers. Some esti-                                                                                                                                             hours, less than the annual
mates say bitcoin’s energy                                                                                                                                            electricity consumption for
impact is more than that of                                                                                                                                           Christmas lights in the U.S.
a small country.                                                                                                                                                      He said that he believes
WHY IS BITCOIN ATTRAC-                                                                                                                                                bitcoin’s benefits, such as
TIVE?                                                                                                                                                                 making payments more ef-
Bitcoin is a kind of digital                                                                                                                                          ficient and helping people
money that isn’t tied to                                                                                                                                              escape inflation, outweigh
a bank or a government,                                                                                                                                               the environmental toll.
and its value has risen                                                                                                                                               However, he added: “We
swiftly in the second half                                                                                                                                            don’t have exact data to
of 2017. The value of one                                                                                                                                             say how much we are ben-
bitcoin was about $16,500,                                                                                                                                            efiting from bitcoin.”q

U.S. appeals court: Feds erred in
Hawaii fishery expansion

By JENNIFER SINCO KELLE-        peals ruled this week that       volves hundreds of baited          In this Oct. 1, 2000 file photo, researchers move one of three
HER and CALEB JONES             the National Marine Fisher-      hooks on miles of line.          250-pound loggerhead sea turtles to a boat that will release
 Associated Press               ies Service failed to con-        The practice can ensnare        them into the Pacific Ocean off San Diego. 
HONOLULU (AP) — Fed-            sider scientific data that       birds, turtles and other ma-
eral agencies were wrong        showed the loggerhead            rine life.                                                                                           Associated Press
to allow Hawaii’s longline      turtle population would sig-     Both agencies are sup-
swordfish industry to ex-       nificantly decline when it       posed to be protecting
pand fishing efforts while      set limits for the industry.     wildlife but have “instead
allowing the hooking or         The judges also said the U.S.    been illegally helping the
entangling of more endan-       Fish and Wildlife Service ille-  longliners push them to
gered sea turtles, a U.S. ap-   gally allowed the industry       the brink of extinction,”
peals court ruled.              to kill protected migratory      Earthjustice attorney Paul
The panel of judges on the      birds.                           Achitoff said in a statement
9th U.S. Circuit Court of Ap-   Swordfish longline fishing in-   Thursday. q
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