With 2018 behind us, we can finally get a complete overview of the environmental disaster that unfolded in Bitcoin last year.
The Bitcoin price crashed again in November, leading up to the first significant drop in Bitcoin’s energy consumpion ever recorded.
We’ve barely had time to process the latest studies on the carbon footprint of Bitcoin mining, or Bitmain (the largest manufacturer of Bitcoin mining machines) is already giving us a reason to worry about another side effect of producing new coins.
Due to the stability in revenues available to miners, Bitcoin’s energy consumption has been stable as well recently.
Digiconomist is committed to promoting (the development of) sustainable blockchain technology.