Month: November 2016

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Introducing the Bitcoin Energy Consumption Index

Digiconomist November 26, 2016 Announcements

As of today Digiconomist is featuring a Bitcoin Energy Consumption Index.

Cryptocurrency Highlights Of The Week

Digiconomist November 19, 2016 Other

Ethereum will fork for the fourth time, and Bitcoin miners can now signal support for the segregated witness fork.

Cryptocurrency Highlights Of The Week

Digiconomist November 12, 2016 Other

Donald Trump’s victory in the US presidential election casts a cloud over Bitcoin’s future in United States.

Cryptocurrency Highlights Of The Week

Digiconomist November 5, 2016 Other

Zcash is starting out buggy, and China is rumored to consider banning Bitcoin.

Digiconomist

@DigiEconomist

There's no issue in trying to innovate, but it's simply not acceptable to require a million times more resources than what we already have. #Sustainability must be an integral part of any new solution. If that's not possible then we must pull the plug asap. twitter.com/orionwl/status…

6:59 pm · May 5, 2021 ·

Retweeted by Digiconomist

Digiconomist

@DigiEconomist

“The plant has reportedly mined 1,186 Bitcoins in the year that it has been operating, at a cost of $2,869 each [...] that’s a profit margin of a little under $70 million. Returns like that would be enticing to any formerly bankrupted power plant looking to reopen.” twitter.com/davidgerard/st…

6:53 pm · May 5, 2021 ·

Retweeted by Digiconomist

Digiconomist

@DigiEconomist

Note that HBR is not scholary journal, so it lacks the typical quality control process. That's how it's possible to suggest we can't do the same math on Bitcoin that we literally use for everything else; or use words like "carbon neutral" and "flare gas" in a single sentence. twitter.com/HarvardBiz/sta…

6:50 pm · May 5, 2021

Digiconomist

@DigiEconomist

6:15 pm · May 5, 2021

Digiconomist

@DigiEconomist

When it comes to #ESG and cryptocurrencies the focus is mostly on the environment; but as @smdiehl points out in this thread there's a lot more to consider! twitter.com/smdiehl/status…

1:43 pm · May 5, 2021

Digiconomist

@DigiEconomist

@RealWillyBot It's still hilarious based on the amount of likes this is getting. Bitcoin is being sold as the next financial revolution that will overthrow traditional banks, but at the same time the community cheers when those same banks may support Bitcoin.

1:39 pm · May 5, 2021

Digiconomist

@DigiEconomist

#Bitcoin #EWaste Generation is at 10.042 kilotonnes per year (comparable to a country like Luxembourg) bitcoinelectronicwaste.com A footprint of 103.9 grams per unique transaction (equal to the weight of 1.6 'C'-size batteries or 2.3 golf balls) #MakeBitcoinSustainable

1:33 pm · May 5, 2021

Digiconomist

@DigiEconomist

It looks like “replacing banks” is going smoothly. twitter.com/bitcoinmagazin…

1:07 pm · May 5, 2021

Digiconomist

@DigiEconomist

@DrNickA Not so sure given that huge concentration in China. But there’s plenty of alternative policy options that can drive up the cost of mining and/or decimate Bitcoin’s value (which would do the job too) by prohibiting money from flowing in. I’ve outlined some: researchgate.net/publication/…

10:18 am · May 5, 2021

Digiconomist

@DigiEconomist

8:55 am · May 5, 2021