“It’s Not a Great Climate Thing”- Bill Gates Over Bitcoin’s Carbon Footprint

Sunil Sharma Bitcoin News published March 10, 2021 | modified March 10, 2021

microsoft founder bill gates
microsoft founder bill gates

“It’s Not a Great Climate Thing”- Bill Gates Over Bitcoin’s Carbon Footprint

Billionaire philanthropist Bill Gates in a recent interview to New York times said that Bitcoin is not good for Climate citing per transaction energy used by Bitcoin is more than any other method. 

Bitcoin Uses More Energy Than Any other Method- Gates

While most billionaires across the globe are busy scheduling their Bitcoin entry, Bill Gates today maintained his skepticism about Bitcoin and said that energy consumed by Bitcoin is more than any other method known to mankind. 

He is concerned about Bitcoin’s high carbon footprint and called Bitcoin, quote,

“it’s not a great climate thing.”

As for Bill Gates claims, Dutch data scientist Alex de Vries estimated the Carbon Dioxide (CO2) required by each transaction of Bitcoin which comes out to be 300 KG. The amount of CO2 required for each Visa transaction is nearly 0.4 grams. 

Gerald Moser, Chief Market strategist at Barclays Private Bank, voiced the concerns raised by Bill Gates and said, 

“Adding cryptocurrencies to a portfolio will make it less green,”

He further raised concerns over rising electronic waste as cryptocurrency mining equipment becomes obsolete every 18 months or so and piles up as e-waste. 

Post your comment...
Sunil Sharma 181 Articles
Sunil is a serial entrepreneur and has been working in blockchain and cryptocurrency space for 2 years now. Previously he co-founded Govt. of India supported startup InThinks and is currently Chief Editor at Coingape and CEO at SquadX, a fintech startup. He has published more than 100 articles on cryptocurrency and blockchain and has assisted a number of ICO's in their success. He has co-designed blockchain development industrial training and has hosted many interviews in past. Follow him on Twitter at @sharmasunil8114 and reach out to him at sunil (at) coingape.com
Follow Sunil @