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New Academic Paper: Bitcoin’s Growing Energy Problem

Digiconomist May 16, 2018 Sustainability

It has been several months of little new content on the Digiconomist blog, but a lot has been going on in the background.

Bitcoin Sustainability Report April 2018

Digiconomist May 1, 2018 Sustainability

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

Bitcoin Sustainability Report March 2018

Digiconomist April 1, 2018 Sustainability

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

Ask me Anything this Weekend

Digiconomist March 2, 2018 Announcements

On Saturday March 3, 2018, Digiconomist will be hosting an Ask my Anything on AMAfeed.com.

Bitcoin Sustainability Report February 2018

Digiconomist March 1, 2018 Sustainability

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

Digiconomist

@DigiEconomist

@Ledger Unsustainable

8:06 pm · April 2, 2020

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@DigiEconomist

#Bitcoin miners getting their bail-out from the #Tether reserve twitter.com/quicktake/stat…

5:41 pm · April 2, 2020

Digiconomist

@DigiEconomist

The latest #Ethereum Energy Consumption Index is 7.628 TWh per Year/0.71 Mil US households (+0.05%) ethereumenergyconsumption.com 27.4 KWh per unique transaction (powers 1 US household for 0.9 days) #MakeEthereumSustainable

2:02 pm · April 2, 2020

Digiconomist

@DigiEconomist

#Bitcoin #EWaste Generation is at 8.857 kilotonnes per year (comparable to a country like Luxembourg) bitcoinelectronicwaste.com A footprint of 95.6 grams per unique transaction (equal to the weight of 1.5 'C'-size batteries or 2.1 golf balls) #MakeBitcoinSustainable

1:33 pm · April 1, 2020

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@DigiEconomist

The latest #Bitcoin Energy Consumption Index is 70.15 TWh per year (comparable to a country like Colombia) bitcoinenergyconsumption.com The #energy #footprint per unique transaction is 750.9 kWh (enough to power 1 U.S. household for 25.4 days) #MakeBitcoinSustainable

1:05 pm · March 31, 2020

Digiconomist

@DigiEconomist

#Bitcoin's TWh usage results in a #CarbonFootprint of 33.36 MtCO2 (comparable to a country like Denmark) bitcoinenergyconsumption.com The #carbon #footprint per unique transaction is 358.14 kgCO2 (equivalent to 895,339 VISA transactions) #MakeBitcoinSustainable

1:05 pm · March 31, 2020

Digiconomist

@DigiEconomist

A strong “V”-shaped recovery starting in the third quarter seems optimistic to say the least. Not only does this assume we’ll have this under control by then, but also that we’ll have a plan to get back to business as usual without a vaccine and the virus still roaming free. twitter.com/edwardnh/statu…

10:26 am · March 31, 2020

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@DigiEconomist

#Bitcoin miners may be generating quintillions of useless hashes every second, but at least it’s impossible to fake that. If you want to do PoW with some form of useful work you still need to satisfy that requirement.

7:23 am · March 30, 2020

Digiconomist

@DigiEconomist

Sounds like a great way to embed the oracle problem directly into mining 🙃 twitter.com/coindesk/statu…

7:13 am · March 30, 2020

Digiconomist

@DigiEconomist

Pretty amazed at how a significant percentage of adults fails to understand basic math.

3:53 pm · March 29, 2020