Introducing the Bitcoin Energy Consumption Index

As of today Digiconomist is featuring a Bitcoin Energy Consumption Index. As implied by the name, the new index provides information on how much energy Bitcoin’s power-hungry network is consuming. Of course this is intended to raise awareness on the unsustainability on the proof-of-work algorithm embedded in Bitcoin. It should, however, not be seen as an attempt to discourage the use of Bitcoin, but rather an attempt to encourage work on more (much needed) sustainable alternatives (like proof-of-stake for example). Go check it out here!