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The United Nations published an article in Chinese saying that Bitcoin is not suitable as a legal tender, seems to criticize El Salvador: 1. Too much volatility 2. Destroying monetary policy 3. Easy to use for illegal purposes 4. Environmental issues mp.weixin.qq.com/s/_TqoZGuKwv…

4:05 pm · August 1, 2021 ·

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Digiconomist

@DigiEconomist

The latest #Ethereum Energy Consumption Index is 58.695 TWh per Year/5.43 Mil US households (+0.35%) ethereumenergyconsumption.com 133.8 KWh per unique transaction (powers 1 US household for 4.5 days) #MakeEthereumSustainable

2:02 pm · July 29, 2021

Digiconomist

@DigiEconomist

#Bitcoin #EWaste Generation is at 6.363 kilotonnes per year (comparable to a country like Luxembourg) bitcoinelectronicwaste.com A footprint of 81.3 grams per unique transaction (equal to the weight of 1.3 'C'-size batteries or 1.8 golf balls) #MakeBitcoinSustainable

1:31 pm · July 28, 2021

Digiconomist

@DigiEconomist

@FranckLeroy_ That only really covered the immediate impact. We’re well past the bottom now, so it could be due for an update to include some of these angles. Will look into it.

2:00 pm · July 27, 2021

Digiconomist

@DigiEconomist

@FranckLeroy_ There’s too many unknowns to say if and by how much it’s really off. E.g. compensating behaviour would include boosting machines/overclocking by remaining miners. This would have a disproportionate effect in terms of hash/energy. Don’t trust hash as a reliable indicator; it’s not

1:49 pm · July 27, 2021

Digiconomist

@DigiEconomist

#Bitcoin's TWh usage results in a #CarbonFootprint of 65.90 MtCO2 (comparable to a country like Israel) bitcoinenergyconsumption.com The #carbon #footprint per unique transaction is 841.65 kgCO2 (equivalent to 1,865,385 VISA transactions) #MakeBitcoinSustainable

1:05 pm · July 27, 2021

Digiconomist

@DigiEconomist

The latest #Bitcoin Energy Consumption Index is 139.064 TWh per year (comparable to a country like Ukraine) bitcoinenergyconsumption.com The #energy #footprint per unique transaction is 1776.1 kWh (enough to power 1 U.S. household for 60.9 days) #MakeBitcoinSustainable

1:05 pm · July 27, 2021

Digiconomist

@DigiEconomist

Yes, now it’s Canadian, Kazakhstani, Iranian and Thai miner pollution - with possibly a massive one million machines concentrated in a single company. The terrible embedded incentives in Proof-of-Work will always result in the same mess. twitter.com/lylepratt/stat…

10:58 am · July 27, 2021 ·

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Digiconomist

@DigiEconomist

5:41 pm · July 26, 2021

max 🌉

@fiege_max

Article indicates that the effort would be housed within the JasTel data center outside of Bangkok. Not only does this suggest that it would be completely fossil fuel powered, but it would be done at relatively uncompetitive electricity prices. Chinese hydro, we hardly knew thee twitter.com/BitcoinMagazin…

1:18 pm · July 26, 2021 ·

Retweeted by Digiconomist