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Bitcoin mining requires as much water annually as all of the baths in Britain, according to a new analysis of the cryptocurrency’s environmental impact. Financial economist Alex de Vries, who runs the Bitcoin Energy Consumption Index, estimated that roughly 1.6 trillion litres of water each year is required to cool the computers used to support the cryptocurrency’s network. Separate research from 2018 found that 1.6 trillion litres is how much bath water the British public sends down the plughole every year – enough to fill roughly 660,000 Olympic-sized swimming pools. The latest analysis, which was published in the journal Cell Reports Sustainability on Wednesday, suggested that a single bitcoin transaction could use as much water as a backyard swimming pool. “Many parts of the world are experiencing droughts, and fresh water is becoming an increasingly scarce resource,” said Mr de Vries. “If we continue to use this valuable resource for making useless computations, I think that reality is really painful.” The “useless computations” refer to the complex calculations required to mint new units of the cryptocurrency and verify transactions on the network. The use of water to cool the necessary hardware could be significantly reduced if miners shifted their operations underwater, with companies like Microsoft already placing some of their data centres in the ocean in order to cool them. Earlier this month, China announced that it had begun building the world’s largest underwater data centre in order to reduce electricity and water costs. Bitcoin has previously been criticised for its electricity consumption, with Mr de Vries’s Energy Consumption Index estimating that the cryptocurrency’s network uses roughly as much electricity as the country of Poland. Bitcoin advocates have refuted accusations relating to bitcoin’s electricity consumption, claiming that miners are increasingly turning to renewable energy sources as the costs of wind and solar drop. A recently published study suggests bitcoin mining could actually help speed up the transition to renewable energy, as solar and wind energy installations could earn hundreds of millions of dollars mining bitcoin during periods of excess electricity generation. ”These rewards can act as an incentive for miners to adopt clean energy sources, which can lead to combined positive effects on climate change mitigation, improved renewable power capacity, and additional profits during pre-commercial operation of wind and solar farms,” said Apoorv Lal, a doctoral student at Cornell University who was involved in the research. Read More Bitcoin mining could supercharge transition to renewables, study claims Bitcoin mining rate hits all-time high amid record-breaking prediction for 2024 Elon Musk scam ads appear on X as key advertisers depart Scientists find planets moving around in strange ‘rhythm’ Astronomers find unprecedented ‘disc’ around distant planet Scientists have cooked ‘alien haze’ that could help find life

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ATLANTA--(BUSINESS WIRE)--Jul 17, 2023--

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Apple has been forced to halt sales of its iPhone 12 in France after a watchdog claimed the device emits too much radiation. The smartphone, which was first released in 2020, has a Specific Absorption Rate (SAR) that is above the legal limit, according to France’s National Frequency Agency (ANFR), which oversees radio-electric frequencies as well as public exposure to electromagnetic radiation. The agency tested 141 phones and found that the iPhone 12 was more than 40 per cent above the legal limit for SAR. The ANFR called on Apple in a statement on Tuesday to “implement all available means to rapidly fix this malfunction.” Corrective updates to the iPhone 12 will be monitored by the agency, according to the statement. If they don’t work, “Apple will have to recall” phones that were already sold, it said. The agency consistently tests devices for waves capable of being absorbed by the human body, measuring against the European Union standard of 4 watts per kilogram. The ANFR said the iPhone 12 met the required threshold when radiation levels were assessed for a phone kept in a jacket or in a bag. The Independent has reached out to Apple for comment. Jean-Noel Barrot, France’s junior minister for digital economy, told Le Parisien newspaper on Tuesday that the ANFR’s data would be shared with other EU member states, which he warned could have a “snowball effect” on Apple. “Apple is expected to respond within two weeks,” he said. “If they fail to do so, I am prepared to order a recall of all iPhones 12 in circulation. The rule is the same for everyone, including the digital giants.” The ANFR’s announcement came on the launch day of Apple’s latest iPhone 15, which saw the whole 12 series of iPhones discontinued. This means any ban is unlikely to have a significant impact on Apple’s phone sales, however a recall could prove damaging depending on the scale. Additional reporting by agencies Read More All the key announcements from Apple’s iPhone 15 event Why Apple getting rid of lightning cable iPhone charger is a big deal Here’s the brand new Apple Watch Apple to stop using leather in all new products