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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.

Introducing the Fraud Assessment Tool

Digiconomist June 10, 2016 Announcements

Digiconomist has a rich history of fighting cryptocurrency related scams over the lifetime of more than two years now.

Now accepting donations

Digiconomist October 21, 2014 Announcements

As of today the Digiconomist website is accepting donations.

New Design

Digiconomist October 16, 2014 Announcements

Digiconomist has had a makeover!

Low activity due to Holiday

Digiconomist October 4, 2014 Announcements

Those following Digiconomist probably already noticed that the posting schedule was a bit off over the past week.

Digiconomist

@DigiEconomist

The #energy footprint for one #Bitcoin transaction (613 KWh) equates to: -1 US household 21 days (DE: 64, CN: 172)#CarbonFootprint per TX: 291 KG -729,367 VISA transactions -48,624 hours of watching Youtube#Ewaste per TX: 95 gramsbitcoinenergyconsumption.com

4:52 pm · September 19, 2019

Digiconomist

@DigiEconomist

The latest #Ethereum Energy Consumption Index is 7.533 TWh per Year/0.7 Mil US households (+0.15%) ethereumenergyconsumption.com29.4 KWh per unique transaction (powers 1 US household for 1 days) #MakeEthereumSustainable

4:36 pm · September 19, 2019

Digiconomist

@DigiEconomist

#Bitcoin's TWh usage results in a #CarbonFootprint of 34.73 MtCO2 (comparable to a country like Denmark) bitcoinenergyconsumption.comThe #carbon #footprint per unique transaction is 291.64 kgCO2 (equivalent to 729,092 VISA transactions) #MakeBitcoinSustainable

3:04 pm · September 19, 2019

Digiconomist

@DigiEconomist

The latest #Bitcoin Energy Consumption Index is 73.121 TWh per year (comparable to a country like Austria) bitcoinenergyconsumption.comThe #energy #footprint per unique transaction is 613 kWh (enough to power 1 U.S. household for 20.7 days) #MakeBitcoinSustainable

3:04 pm · September 19, 2019

Digiconomist

@DigiEconomist

On top of that it's probably going to be ineffective at achieving it's core purpose anyway. It's supposed to counter the centralizing effects of PoW, but you're not changing electricity rates or economies of scale with a software update.

3:04 pm · September 19, 2019 ·

Retweeted by Digiconomist

Digiconomist

@DigiEconomist

#Bitcoin #EWaste Generation is at 11.318 kilotonnes per year (comparable to a country like Luxembourg) bitcoinelectronicwaste.comA footprint of 94.9 grams per unique transaction (equal to the weight of 1.5 'C'-size batteries or 2.1 golf balls) #MakeBitcoinSustainable

2:19 pm · September 19, 2019

Aviv Zohar

@Avivz78

Our paper on Hijacking Routes in Payment Channel Networks: arxiv.org/pdf/1909.06890…tl;dr: in today's #LightningNetwork it's not too hard to grab a large fraction of the payments (and deny service).With @SaarTochner & @schmiste78 cc @ct_univie @CseHuji @HUJICyberLaw

2:02 pm · September 19, 2019 ·

Retweeted by Digiconomist

Digiconomist

@DigiEconomist

ProgPoW is supposed to be anti-ASIC (specialised mining hardware). By moving to ProgPoW, the #Ethereum community would be responsible for prematurely wasting a generation of non-repurposable devices. It's a "net negative" for the environment.

1:09 pm · September 19, 2019 ·

Retweeted by Digiconomist

Digiconomist

@DigiEconomist

5:43 pm · September 18, 2019

Digiconomist

@DigiEconomist

5:43 pm · September 18, 2019