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Cryptocurrency mining, mainly with Bitcoins and Ethereum, has always been controversial due to the energy and resource consumption required to mine the currency. However, Bitcoin has a new concern, as a recent report outlines that it uses 4,227 gallons of fresh water for every single transaction, either for buying or selling. Because of these transactions, many countries, such as the United States, could face freshwater shortages if the currency becomes more widely adopted.
This detailed report emphasizes Bitcoin's impact on worldwide water security while comparing it to Kazakhstan, which has much larger freshwater consumption and some mitigation solutions. This study was done by a data scientist at DNB and a researcher for VU Amsterdam, Alex De Vries, who stressed that its water consumption footprint has increased over the years. He also calculated that the computational process behind the Bitcoin network uses 8.6 to 35.1 billion liters of water annually in the United States or roughly one swimming pool's worth of water per transaction.
originally posted by: KKLOCO
a reply to: Mahogani
This is ridiculous as it’s all electronic.
What exactly does BC use water for?
Let's say that again in a new paragraph. Bitcoin uses 4,227 gallons of fresh water, not sea water, fresh water for each transaction. One swimming pool of water for a transaction. Bitcoin did 707,876 transactions on December 3, 2023. Today, at the moment I'm writing this, 514,962 transactions have taken place. That's over a half a million pools of fresh water used up just today to run some phantom transactions.
originally posted by: CriticalStinker
a reply to: Mahogani
These numbers are way off.
originally posted by: underpass61
I would think that any water "consumed" in the process could be reclaimed (unless it's evaporating outdoors). Water doesn't just disappear.
Something in this story is off.
In addition to electricity, Bitcoin miners also require water, which is utilized in two main ways. The first involves onsite (direct) water use for cooling systems and air humidification. Water usage depends on cooling system types and local climate conditions. It is important to differentiate between water withdrawal and water consumption in terms of this usage. Water withdrawal pertains to the water taken from surface water or groundwater sources, while water consumption refers to the portion of water that becomes unavailable for reuse after withdrawal, primarily due to evaporation in cooling systems. Water consumption is not extensively studied in Bitcoin mining or generic data center research, as reliable data on water consumption factors are challenging to obtain.