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Bitcoin Mining Electronic Waste ‘Growing Threat to Environment’, Says Study

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3 years ago

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Bitcoin Mining Electronic Waste ‘Growing Threat to Environment’, Says Study

Mining for bitcoin generates substantial electronic waste that “represents a growing threat to the environment”, according to a recent study. A co-author of the report told AFP on Friday that the average life cycle of the powerful computers used to unearth the units of the world’s leading cryptocurrency was only 1.3 years.

Alex de Vries noted that this was “extremely short compared to any” other electronic devices such as iPhones. At 30,700 tonnes, the amount of electronic waste generated by bitcoin mining in the 12 months to May was “comparable to the amount of small IT and telecommunication equipment waste produced by a country like the Netherlands”, the report said.

The race to find new bitcoins — on Friday, one unit was worth more than $47,000 following a stellar rise this year — means the mining computers’ processing power soon becomes obsolete.

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And the more bitcoin is worth, the larger the amount of electronic waste, according to the study published by scientific journal, Elsevier.

Alex de Vries works as an economist at the Dutch central bank, while the report’s co-author Christian Stoll is from the Massachusetts Institute of Technology.

Despite the high amount of waste, it remains a fraction of the global total from throwing away electronic devices, which stood at 53.6 million tonnes last year.

News Source: News Logic

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SpiceJet announces 8 new flights to connect Jaipur with Varanasi, Amritsar and Ahmedabad

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2 months ago

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November 6, 2024

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SpiceJet announces 8 new flights to connect Jaipur with Varanasi, Amritsar and Ahmedabad

SpiceJet expands its domestic network with 8 new flights that will connect Jaipur with Varanasi, Amritsar and Ahmedabad and also link Ahmedabad with Pune.

SpiceJet is further expanding its domestic network with the launch of eight new flights starting November 15.

In the statement released on Wednesday, the airline announced that these new routes will connect Jaipur with Varanasi, Amritsar and Ahmedabad, while also linking Ahmedabad with Pune. This expansion follows the recent launch of 32 new flights in October 2024, including two international flights connecting Delhi with Phuket.

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Last month, SpiceJet also commenced UDAN flights linking Shivamogga in Karnataka with Chennai and Hyderabad, and introduced double daily flights between Chennai and Kochi, enhancing connectivity across key regional and metropolitan cities.

“We are excited to announce the launch of new flights from Jaipur to Varanasi, Amritsar, and Ahmedabad, as well as from Ahmedabad to Pune, providing our passengers with greater flexibility and convenience,” SpiceJet Chief Business Officer Debojo Maharshi said.

“These new flights reflect our commitment to supporting passenger demand across tier-II cities and beyond. With our expanded winter schedule, including international and UDAN routes, we aim to provide our customers with greater convenience, affordability, and seamless travel experiences,” Maharshi added.

SpiceJet will deploy its 78-seater Q400 aircraft in these sectors. Bookings for the new flights are now open and tickets are available at the website of the airline, SpiceJet’s mobile app and through online travel portals and travel agents.

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On Monday, the airline received a significant boost, with Acuite Ratings & Research Limited upgrading its long-term rating by four notches to ‘B ‘ and its short-term rating to A4. The rating agency has also assigned a ‘Stable’ outlook to the airline.

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