Why does virtual mining produce carbon emissions?

although it is only a virtual existence, it consumes a lot of energy. It produces as much carbon dioxide as Hamburg, Vienna or Las Vegas.

The virtual currency "mining" that runs counter to energy saving and carbon reduction will be comprehensively rectified. Meng Wei said that he will continue to do a good job in the whole chain management of virtual currency "mining" and establish a long-term mechanism to prevent "resurgence".

virtual currency "mining" consumes a lot of energy and carbon emissions, which does not play a positive role in promoting industrial development and scientific and technological progress. In addition, the risks derived from the production and trading of virtual currency are becoming more and more prominent, and its blind and disorderly development has a serious adverse impact on promoting high-quality economic and social development and energy conservation and emission reduction.

Virtual currency is a specific virtual commodity, which is not issued by the monetary authorities, has no legal compensation and compulsion, is not a real currency, and should not and cannot be used as currency in the market.