Researchers: Bitcoin mining is unsustainable from an environmental point of view

Bitcoin mining would have environmental implications comparable more to the impact of the extraction and refining of crude oil rather than that of gold. According to researchers from the University of New Mexico according to their most recent study published in Scientific Reports. For this reason, Bitcoins should be compared to energy-intensive activities.

“We find no evidence that Bitcoin mining is becoming more sustainable over time,” said Benjamin A. Jones, professor at UNM Economics. “Rather, our findings suggest otherwise: Bitcoin mining is becoming more damaging to the climate. In short, Bitcoin’s environmental footprint is moving in the wrong direction. “

Bitcoin

As of December 2021, Bitcoin had a market capitalization of around US $ 960 billion with a market share among cryptocurrencies of around 41%. It is not possible to accurately determine the environmental impacts deriving from the energy consumption necessary for Bitcoin mining, but it can be defined as an energy-intensive activity.

According to the new study, in 2020 Bitcoin mining required 75.4 terawatt hours of electricity (TWh), a higher electricity consumption than that of the whole of Austria (69.9 TWh) or Portugal (48, 4 TWh) in that year. “Globally, mining or manufacturing Bitcoin uses huge amounts of electricity, which is produced mainly from fossil fuels such as coal and natural gas. This is leading to air pollution and carbon emissions, which negatively impact our global climate and environment. our health, “Jones said.

The authors also stated that according to their studies, the equivalent CO2 emissions caused by the production of the electricity required for mining increased 126 times from 0.9 tons for each cryptocurrency “mined” in 2016 to 113 tons in 2021. The damage caused by Bitcoin mining in the period from 2016 to 2021 is estimated at about 12 billion dollars.

“Our focus is on those cryptocurrencies that rely on Proof of Work (POW) techniques, which can be energy-intensive,” said Regents economics professor Robert Berrens. “As part of broader efforts to mitigate climate change, the political challenge is to create governance mechanisms for an emerging, decentralized industry that regulates energy-intensive POW cryptocurrencies. We need empirical data relating to potentially unsustainable climate damage to be expressed in monetary terms ”.

♬ Elderbrook & Tourist – Howl

LYRIC

Barefoot nights, naked breeze
Holding you, holding me
In darkest light, it’s hard to be
Leaving you, leaving me
With a howl
With a howl
Oh, hey, little love
(You really turned my life around)
Oh, hey, little love
(You really turned my life around)
Breaking dawn over me
Too late for us, calling in
Faces on silvery
Taste of home, making me
Howl
With a howl
Oh, hey, little love
Oh, hey, little love
Hey, little love
Oh, hey, little love
(You really turned my life around)
Howl
With a howl
Oh, hey, little love
Oh, hey, little love

October Flowers — In the Net! – Pictures and Stories of Life

There are many flowers still blooming ~ Baby pink wild roses. Glorious sunflowers. Magnificent hibiscus. And last but not least, lovely cultivated roses. It’s such a delight to continue seeing all this marvellous colour and scent well into autumn. There will be lots of good memories to dream on while everything sleeps. Greetings from the […]

October Flowers — In the Net! – Pictures and Stories of Life

National Day of the People’s Republic of China

National Day (Chinese: 国庆节; pinyin: guóqìng jié; lit. ‘national celebration day’), officially the National Day of the People’s Republic of China (中华人民共和国国庆节), is a public holiday in China celebrated annually on 1 October as the national day of the People’s Republic of China, commemorating the formal proclamation of the establishment of the People’s Republic of China on 1 October 1949. The Chinese Communist Party victory in the Chinese Civil War resulted in the Kuomintang “retreat” to Taiwan and the Chinese Communist Revolution whereby the People’s Republic of China “replaced” the Republic of China.

Although it is observed on 1 October, another six days are added to the official holiday, normally in lieu of the two weekend breaks around 1 October, making it a de facto public holiday comprising seven consecutive days also known as Golden Week (黄金周; huángjīn zhōu) with specifics regulated by the State Council. Festivities and concerts are usually held nationwide on this day, with a grand military parade and mass pageant event held on select years. The parade held on 1 October 2019 marked the 70th anniversary of the People’s Republic of China.

The Chinese Communist Party (CCP) defeated the incumbent Kuomintang (KMT) nationalist government of the Republic of China in the Chinese Civil War that took place from 1927 to 1950 except for a brief alliance against Japan in the Second Sino-Japanese War. In its aftermath, the internationally recognized government of China withdrew to the island of Taiwan, previously a prefecture of the Qing Empire that was ceded to Japan under its colonial rule from 1895 to 1945.

The People’s Republic of China was founded on 1 October 1949, with a ceremony celebrating the forming of the Central People’s Government taking place in Tiananmen Square in its new national capital of Peking (previously Peiping) on the same day that year. The first public parade of the new People’s Liberation Army took place there, following the address by the country’s first Chairman Mao Zedong officially declaring the formal establishment of the Republic. The Central People’s Government passed the Resolution on the National Day of the People’s Republic of China on 2 December 1949, and declared that 1 October is the National Day.

National Day marks the start of the only golden week (黄金周) in the PRC that the government has kept. Removing one of the Golden Weeks caused controversies when it happened in 2007.

The day is celebrated throughout mainland China, Hong Kong, and Macau with a variety of government-organized festivities, including fireworks and concerts, as well as sports events and cultural events. Public places, such as Tiananmen Square in Beijing, are decorated in a festive theme. Portraits of revered leaders, such as Mao Zedong, are publicly displayed. The holiday is also celebrated by many overseas Chinese.

1st October (’22): International MUSIC Council

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The International Music Council (IMC) was created in 1949 as UNESCO’s advisory body on matters of music. It is based at UNESCO’s headquarters in Paris, France, where it functions as an independent international non-governmental organization. Its primary aim is to facilitate the development and promotion of international music-making.

The IMC currently consists of some 120 members, divided into four categories (National Music Councils, International Music Organisations, Regional Music Organisations, National and specialized organisations in the field of arts and culture). It is represented by regional councils in Europe, Africa, and the Americas. Their task is to develop and support programmes specifically tailored to the needs of the IMC members and partners in their region.


The International Music Council advocates for access to music to all, through a set of values which are at the basis of the action of both the International Music Council and its regional councils. Those core beliefs have been gathered under the name of Five Music Rights.

The Five Music Rights were first proclaimed in Tokyo during the International Music Council’s General Assembly of 2001, and have since been promoted by the International Music Council and related bodies, through advocacy activities, programmes and other initiatives (such as the Music Rights Awards and the appointment of the ” Music Rights Champions”).

The principles contained in the Five Music Rights (originally written in English) have been translated into French, Spanish, Arabic, and Mandarin Chinese.

IMC undertakes many initiatives within the music ecosystem – such as developing projects, organizing conferences, awarding prizes, etc. Projects are international, regional and sometimes local and are often supported by international, intergovernmental and supranational organizations.

International Rostrum of Composers
One of the IMC’s regular activities is the annual International Rostrum of Composers, a forum offering representatives of national broadcasting organisations the opportunity to exchange and publicize works of contemporary classical music.

The IMC UNESCO Music Prize
The IMC UNESCO Music Prize was awarded from 1975 until 2005 by the International Music Council, as of 1978 in cooperation with UNESCO. The Prize was addressed to both musicians and musical institutions, in alignment with the purposes of the United Nations Charter and UNESCO’s Constitution. The Prize was assessed by four categories: composition, musicology, pedagogy, and performance. The last laureate of the IMC UNESCO Music Prize was Mikis Theodorakis.

African Music Development Programme
The African Music Development Programme, launched in 2014 by the International Music Council, took place in nine African countries.

The 3-years-long project was implemented with the financial support of the European Union and the technical assistance of the Organisation of African, Caribbean and Pacific States (ACP), and aimed at supporting the music industry through a series of targeted actions.

Advocacy
The main arena for IMC advocacy is UNESCO, specifically the 1980 Recommendation concerning the Status of the Artist, the 2003 Convention for the Safeguarding of the Intangible Cultural Heritage and the 2005 Convention on the Protection and Promotion of the Diversity of Cultural Expressions.

Some advocacy actions are carried out in alliance with other international organisations such as the #Culture2030Goal campaign for the inclusion of culture among the Sustainable Development Goals.

International Music Day
The International Music Day was initiated in 1975 by Yehudi Menuhin, former president of the IMC. It is celebrated worldwide on October 1.