Data centers consume more than 90TWh per year, a figure limited to the region that includes Europe, the Middle East and Africa (EMEA), which generates a level of emissions equivalent to about 5.9 million vehicles.

Data centers and digital infrastructures account for “a substantial part of energy consumption worldwide, with a significant carbon footprint,” said Nutanix EMEA SVP Sammy Zoghlami.

The cloud computing solutions provider examined the potential effects of hyperconverged infrastructure (HCI) on energy costs and CO2 emissions in the data center, based on the results of a study commissioned in March 2022.

Precisely, the study concludes that the move to HCI, together with automation, cooling systems and the use of renewable energies, will be key to reducing the energy consumption of data centers and their carbon footprint.

Compared to traditional three-tier computing platforms, next-generation HCI architectures could reduce power consumption and carbon footprint by approximately 27 % per year, the company highlighted in a press release.

Currently, data centers in consume more than 90TWh per year, with an emission level equivalent to about 5.9 million vehicles (27 million tons of CO2e). In this entire region, HCI has the potential to reduce energy consumption by 56.7 TWh and reduce emissions by 14.2 million tons of CO2e during the period 2022-2025.

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Source: dpa

La entrada Data centers emit 27M tons of CO2e apareció primero en Bitfinance.

Deputy Carlos Rejala and Senator Fernando Silva Facetti presented a legislative proposal called “Law that regulates the industry and commercialization of virtual assets and crypto assets“. The law will regulate all activities related to Bitcoin (BTC) or digital mining in Paraguay.

The legal instrument establishes the Ministry of Industry and Commerce as the entity responsible for coordinating the authorization, registration, supervision and control of everything concerning Bitcoin.

The Ministry will delegate functions to three other agencies: the National Securities Commission, the Secretariat for the Prevention of Money or Property Laundering (Seprelad) and the National Electricity Administration. The latter will focus on cryptocurrency mining, which is defined by the deputies as an innovative activity.

“We believe that it is the best for our country and a really impressive model to replicate in other countries. There are a lot of people involved to remove this, which is incredible”, highlighted the parliamentarian Rejala.

Business authorization

The proposed law is made up of four chapters and 22 articles, among which the application and issuance of licenses for mining companies, cryptocurrency traders, who are called “intervening agents” are contemplated.

It also establishes the development and registration of exchanges and service providers for digital assets, as well as the construction of an energy consumption plan that allows supplying the emerging industry.

The law establishes that “those companies or individuals that carry out activities outside the regulations could be sanctioned with administrative or even criminal measures. That is, offenders could go to jail“. Those who commit “tax or criminal offenses regulation could lose licenses and receive fines.”

M. Rodríguez

Source: noticiasdebariloche

La entrada Paraguay will regulate the digital assets industry apareció primero en Bitfinance.

Today’s financial markets reflect the changes that cryptocurrencies have introduced. The ease and transparency of Bitcoin, Ethereum and other digital assets have led more people and companies to consider their adoption as a trading and payment instrument.

In the purchase and sale of cryptocurrencies, not only government regulations and cybersecurity measures are taken into account. This financial activity is facing harsh criticism from environmentalists, who say that crypto mining requires excessive electricity consumption.

Keeping the computers necessary for mining running 24 hours a day implies, for each piece of equipment, an average of 200kWh. Some analysts have ventured to point out that this energy could keep a house lit for a whole month.

This is just one example of the energy consumption, and its derived cost, of electricity needed to mine bitcoins. In various cities around the world, where this activity is now common, electricity consumption has increased. In countries like the Czech Republic they talk about 100 % electricity consumption compared to Germany, for example, where the percentage is less than 20 %.

Those in favor of cryptocurrencies highlight characteristics such as the fact that they do not need to be printed, so there is no need for ink or deforestation to make paper money.

In any case, the issue of the carbon footprint that generates the high consumption of electricity required for crypto mining continues to be a subject of analysis for environmental defenders around the world.

M.Pino

With information from Agencies

La entrada Environmental impact of crypto mining apareció primero en Bitfinance.