The commodity markets have taken a pounding over the last few years, but there is one invaluable commodity that is getting a higher profile these days. While you may be able to get it right out of your kitchen sink, there are many places in the world that may not be so lucky. For this reason, some have speculated that we may be on the path to peak water.
Based on recent data from the World Resources Institute, here are the countries that are expected to get hit the hardest by water shortages in the coming decades:
The report notes that more people continue to move to cities and that this can put stress on the established water supply. Combine this with growing population and consumption, and some regions will struggle more than others to replenish water when it is needed. Circumstances are also exacerbated by changing climates: some areas that are wet are becoming drier, and vice versa.
A total of 167 countries were examined for “water stress” which is considered by the report as a combination of depletion and competition for surface water. Of the nations examined, there are 33 countries that are expected to have extremely high water stress by 2040. Here’s some that will feel it the most:
In particular, life will not get any easier in the Middle East: 14 of the 33 countries with extremely high water stress are in the region. Nine of those countries scored a five out of five for water stress: Bahrain, Kuwait, Palestine, Qatar, United Arab Emirates, Israel, Saudi Arabia, Oman and Lebanon. The Middle East relies heavily on groundwater and desalinated sea water, and such ongoing water challenges could amplify volatility in the area.
The largest economies in the world, such as the United States, China and India, will also face stress in particular regions. For example, WRI notes that the southwestern United States and China’s Ningxia province could see water stress levels rise 40% to 70%.
Here’s a previous map we have shown that covers water withdrawals and deliveries in the United States:
Visualizing the Depth of the Great Lakes
The five Great Lakes account for 21% of the world’s total freshwater. This bathymetric visualization dives into just how deep they are.
Visualized: The Depth of The Great Lakes
Click here to view the interactive version of the visualization on Tableau.
As the seasons change, it’s natural to want to enjoy the outdoors to the fullest. The Great Lakes, a distinct geographical region sandwiched between the U.S. and Canada, provides immense opportunity for millions of tourists to do just that every year.
But did you know that altogether the Great Lakes contain 21% of the world’s surface freshwater by volume—or 84% of the surface freshwater in North America?
This bathymetric visualization, created by Alex Varlamov, helps put the sheer size and depth of all five of the Great Lakes into perspective.
What is Bathymetry?
Bathymetry is the study of the underwater depth of ocean or lake floors, a geographical science that falls under the wider umbrella of hydrography.
In essence, it is the underwater equivalent of topography. Contour lines help to represent and study the physical features of bodies of water, from oceans to lakes.
Most bathymetric studies are conducted via sonar systems, transmitting pulses that ‘ping’ off the ocean and lake floor, uncovering what lies below.
The Depth of the Great Lakes, Compared
High on the list of the world’s largest lakes, the five Great Lakes altogether account for over 244,700 km² (94,250 mi²) in total surface area. That’s bigger than the entire United Kingdom.
Lake Superior emerges, well, superior in terms of total surface area, water volume, and both average and maximum depth.
|Surface area||Water volume||Average depth||Maximum depth|
|Lake Ontario||19,000 km²|
|Lake Erie||25,700 km²|
|Lake Michigan||58,000 km²|
|Lake Huron||60,000 km²|
|Lake Superior||82,000 km²|
Lake Erie is by far the shallowest of the lakes, with an average depth of just 19 meters (62 ft). That means on average, Lake Superior is about eight times deeper.
With that in mind, one drawback of the visualization is that it doesn’t provide an accurate view of how deep these lakes are in relation to one another.
For that, check out this additional visualization also created by Alex Varlamov, which is scaled to the same 20 meter step—in this view, Lake Erie practically disappears.
More than Meets the Eye
The Great Lakes are not only notable for their form, but also their function—they’re a crucial waterway contributing to the economy of the area, supporting over 50 million jobs and contributing $6 trillion to gross domestic product (GDP).
Together, the five Great Lakes feed into the Atlantic Ocean—and when we expand the scope to compare these lakes to vast oceans, trenches, and drill holes, the depth of the Great Lakes barely scratches the surface.
Visualizing the Power Consumption of Bitcoin Mining
Bitcoin mining requires significant amounts of energy, but what does this consumption look like when compared to countries and companies?
Visualizing the Power Consumption of Bitcoin Mining
Cryptocurrencies have been some of the most talked-about assets in recent months, with bitcoin and ether prices reaching record highs. These gains were driven by a flurry of announcements, including increased adoption by businesses and institutions.
Lesser known, however, is just how much electricity is required to power the Bitcoin network. To put this into perspective, we’ve used data from the University of Cambridge’s Bitcoin Electricity Consumption Index (CBECI) to compare Bitcoin’s power consumption with a variety of countries and companies.
Why Does Bitcoin Mining Require So Much Power?
When people mine bitcoins, what they’re really doing is updating the ledger of Bitcoin transactions, also known as the blockchain. This requires them to solve numerical puzzles which have a 64-digit hexadecimal solution known as a hash.
Miners may be rewarded with bitcoins, but only if they arrive at the solution before others. It is for this reason that Bitcoin mining facilities—warehouses filled with computers—have been popping up around the world.
These facilities enable miners to scale up their hashrate, also known as the number of hashes produced each second. A higher hashrate requires greater amounts of electricity, and in some cases can even overload local infrastructure.
Putting Bitcoin’s Power Consumption Into Perspective
On March 18, 2021, the annual power consumption of the Bitcoin network was estimated to be 129 terawatt-hours (TWh). Here’s how this number compares to a selection of countries, companies, and more.
|Name||Population||Annual Electricity Consumption (TWh)|
|All of the world’s data centers||-||205|
|State of New York||19.3M||161|
|Walt Disney World Resort (Florida)||-||1|
Note: A terawatt hour (TWh) is a measure of electricity that represents 1 trillion watts sustained for one hour.
Source: Cambridge Centre for Alternative Finance, Science Mag, New York ISO, Forbes, Facebook, Reedy Creek Improvement District, Worldometer
If Bitcoin were a country, it would rank 29th out of a theoretical 196, narrowly exceeding Norway’s consumption of 124 TWh. When compared to larger countries like the U.S. (3,989 TWh) and China (6,543 TWh), the cryptocurrency’s energy consumption is relatively light.
For further comparison, the Bitcoin network consumes 1,708% more electricity than Google, but 39% less than all of the world’s data centers—together, these represent over 2 trillion gigabytes of storage.
Where Does This Energy Come From?
In a 2020 report by the University of Cambridge, researchers found that 76% of cryptominers rely on some degree of renewable energy to power their operations. There’s still room for improvement, though, as renewables account for just 39% of cryptomining’s total energy consumption.
Here’s how the share of cryptominers that use each energy type vary across four global regions.
|Energy Source||Asia-Pacific||Europe||Latin America|
and the Caribbean
Source: University of Cambridge
Editor’s note: Numbers in each column are not meant to add to 100%
Hydroelectric energy is the most common source globally, and it gets used by at least 60% of cryptominers across all four regions. Other types of clean energy such as wind and solar appear to be less popular.
Coal energy plays a significant role in the Asia-Pacific region, and was the only source to match hydroelectricity in terms of usage. This can be largely attributed to China, which is currently the world’s largest consumer of coal.
Researchers from the University of Cambridge noted that they weren’t surprised by these findings, as the Chinese government’s strategy to ensure energy self-sufficiency has led to an oversupply of both hydroelectric and coal power plants.
Towards a Greener Crypto Future
As cryptocurrencies move further into the mainstream, it’s likely that governments and other regulators will turn their attention to the industry’s carbon footprint. This isn’t necessarily a bad thing, however.
Mike Colyer, CEO of Foundry, a blockchain financing provider, believes that cryptomining can support the global transition to renewable energy. More specifically, he believes that clustering cryptomining facilities near renewable energy projects can mitigate a common issue: an oversupply of electricity.
“It allows for a faster payback on solar projects or wind projects… because they would [otherwise] produce too much energy for the grid in that area”
– Mike Colyer, CEO, Foundry
This type of thinking appears to be taking hold in China as well. In April 2020, Ya’an, a city located in China’s Sichuan province, issued a public guidance encouraging blockchain firms to take advantage of its excess hydroelectricity.
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