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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

The #Bitcoin price is up strongly on expectations more people will speculate in #BTC.

9:23 pm · October 21, 2020

Jake Chervinsky

@jchervinsky

Look, I understand the temptation to just be excited about PayPal & ignore the fact that they prohibit transfers to other accounts & withdrawals to self-custody. But if you can't hold your own keys, is it even Bitcoin? How much will we sacrifice in the name of "number go up?"

8:20 pm · October 21, 2020 ·

Retweeted by Digiconomist

Digiconomist

@DigiEconomist

Seems like it’s effectively nothing more than trust fund (though obviously with immediate access for millions of users). twitter.com/wmongan/status…

6:39 pm · October 21, 2020

Digiconomist

@DigiEconomist

Congratulations at once again missing the key point that a system designed to function by wasting resources - and therefore being terribly inefficient - is an ESG disaster. Almost half of global data centre energy use for 3-4 #Bitcoin transactions per second. Well done. twitter.com/bitcoinmagazin…

5:54 pm · October 21, 2020 ·

Retweeted by Digiconomist

The Block

@TheBlock__

BREAKING: PayPal to enable crypto purchases with the help of Paxos theblockcrypto.com/post/81794…

5:20 pm · October 21, 2020 ·

Retweeted by Digiconomist

Digiconomist

@DigiEconomist

@sha256slinger And what does transaction value tell us exactly? People moving their own money around (so zero economic impact)? What other kind of transaction are high value? Drug trades? Money laundering? There’s a reason there exists high-value transaction reporting requirements...

3:17 pm · October 21, 2020

Digiconomist

@DigiEconomist

#Bitcoin #EWaste Generation is at 12.671 kilotonnes per year (comparable to a country like Luxembourg) bitcoinelectronicwaste.com A footprint of 111.9 grams per unique transaction (equal to the weight of 1.7 'C'-size batteries or 2.4 golf balls) #MakeBitcoinSustainable

1:32 pm · October 21, 2020

Digiconomist

@DigiEconomist

8:45 pm · October 20, 2020

Digiconomist

@DigiEconomist

#Bitcoin's TWh usage results in a #CarbonFootprint of 35.15 MtCO2 (comparable to a country like Denmark) bitcoinenergyconsumption.com The #carbon #footprint per unique transaction is 309.06 kgCO2 (equivalent to 772,640 VISA transactions) #MakeBitcoinSustainable

1:07 pm · October 20, 2020

Digiconomist

@DigiEconomist

The latest #Bitcoin Energy Consumption Index is 73.931 TWh per year (comparable to a country like Venezuela) bitcoinenergyconsumption.com The #energy #footprint per unique transaction is 648.6 kWh (enough to power 1 U.S. household for 21.9 days) #MakeBitcoinSustainable

1:07 pm · October 20, 2020