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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

#Bitcoin maximalists are like T-Ford maximalists. Sure, model T’s are still around even today... pic.twitter.com/mTjBs3DXUd

9:44 pm · August 23, 2019

Palley

@stephendpalley

Being disliked by dislikeable people might be a good thing, and even more so when they are thin skinned humorless morons huffing half baked ideological glue fumes from old t-bone wrappers.

9:30 pm · August 23, 2019 ·

Retweeted by Digiconomist

Digiconomist

@DigiEconomist

@coindesk @baidakova “six or eight specializing mining chips, known as ASICs can heat a home” - Miners are great home heaters, except that it is more profitable to run them in greater numbers on remote locations (with cheap electricity) where all heat ends up wasted.

8:40 pm · August 23, 2019

Digiconomist

@DigiEconomist

The #energy footprint for one #Bitcoin transaction (616 KWh) equates to: -1 US household 21 days (DE: 64, CN: 173) -408414 VISA TRXNs#CarbonFootprint per TX: 293 KG -Driving 1206 miles in a Tesla -360 in a Hummer#Ewaste per TX: 78 gramsbitcoinenergyconsumption.com

4:54 pm · August 23, 2019

Digiconomist

@DigiEconomist

The latest #Ethereum Energy Consumption Index is 7.111 TWh per Year/0.66 Mil US households (+0.16%) ethereumenergyconsumption.com28.3 KWh per unique transaction (powers 1 US household for 1 days) #MakeEthereumSustainable

4:36 pm · August 23, 2019

Digiconomist

@DigiEconomist

The latest #Bitcoin Energy Consumption Index is 73.121 TWh per Year/6.77 Mil US households (0%) bitcoinenergyconsumption.com616.3 KWh per unique transaction (powers 1 US household for 20.8 days) #MakeBitcoinSustainable

3:05 pm · August 23, 2019

Digiconomist

@DigiEconomist

#Bitcoin #EWaste Generation is at 9.228 kilotonnes per Year (+0.01%) bitcoinelectronicwaste.comA footprint of 77.8 grams per unique transaction (equal to 1.2 'C'-size batteries or 2.3 sixty-watt light bulbs) #MakeBitcoinSustainable

2:18 pm · August 23, 2019

Digiconomist

@DigiEconomist

@joonian @baidakova @mrauchs @HassMcCook I think all available work on the location of miners has been embedded here: digiconomist.net/bitcoin-ener… (as you need a map to determine the carbon impact of the network).

11:45 am · August 23, 2019

Digiconomist

@DigiEconomist

@quantfiction Hah? pic.twitter.com/5ViSoXP0aS

9:34 pm · August 22, 2019

Emin Gün Sirer

@el33th4xor

The Lightning Network is economically nonsensical. Keeping $5m locked up online in hot keys, subject to a potential hack, only to earn $20 per month, is not a good risk-reward trade-off. buff.ly/2zbRNAO

9:29 pm · August 22, 2019 ·

Retweeted by Digiconomist