Tag: power consumption

In 2018, web miners, applications that run in a user’s browser and mine cryptocurrencies for profit, could have consumed as much as 18.8 gigawatts of electric power, according to our research on the economic and environmental impact of web mining. This makes it comparable to the power consumption rate of Poland and means the environmental impact of web mining is close to 800 tons of CO2 emissions.

In July this year, Eskom released their much-delayed financial results. Poor results revealed, amongst others, a net loss of R2.3 billion and an amount of R19.6 billion that was attributed to irregular expenditure.