Altcoins Account for One Third of Total Crypto Mining Power Usage

Cointelegraph

Published Aug 07, 2020 01:16AM ET

Updated Aug 07, 2020 03:00AM ET

Researchers at the Technical University of Munich are encouraging regulators to look beyond Bitcoin when it comes to considering the environmental impact of crypto mining.

According to an Aug. 4 issue of scientific journal Joule, researchers Ulrich Gallersdörfer, Lena Klaaßen, and Christian Stoll determined that Bitcoin (BTC) mining accounted for only 66% of the total power usage of the 20 largest cryptocurrencies by market capitalization.

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