Month: February 2018

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Bitcoin’s electricity consumption surpasses Singapore and Portugal

Digiconomist February 19, 2018 Sustainability

According the Bitcoin Energy Consumption Index the whole Bitcoin network now consumes more than 50 terawatt-hours (TWh) of electricity per year.

Bitcoin Sustainability Report January 2018

Digiconomist February 1, 2018 Sustainability

Digiconomist is committed to promoting (the development of) sustainable blockchain technology.

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Exposing the Unintended Consequences of Digital Trends. Mastodon: @digiconomist@mastodon.nl Bluesky: @digiconomist.bsky.social

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; Digiconomist @DigiEconomist ·

3 Mar 1764275633180352896

It is well known that replacing the energy intensive mining mechanism in cryptocurrencies can make them significantly more sustainable, but it has also been argued this can make them less decentralized/secure. Digiconomist now features a new deep dive to examine this argument:…

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; Digiconomist @DigiEconomist ·

3 Mar 1764275633180352896

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; European Central Bank @ecb ·

22 Feb 1760580254920212640

Bitcoin has failed to become a global decentralised digital currency, instead falling victim to fraud and manipulation.

The recent approval of an ETF doesn’t change the fact that Bitcoin is costly, slow and inconvenient, argues #TheECBBlog

https://www.ecb.europa.eu/press/blog/date/2024/html/ecb.blog20240222~0929f86e23.en.html

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