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Understanding Economies of Scale

Digiconomist July 7, 2014 Economics

Economies of scale are an important concept in Proof of Work (PoW) mining.

A 51% attack: the sum of all fears?

Digiconomist June 16, 2014 Economics

Recently multiple cryptocurrencies have faced increasing risks of a so-called 51 percent attack.

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Exposing the Unintended Consequences of Digital Trends. Mastodon: @digiconomist@mastodon.nl Bluesky: @digiconomist.bsky.social

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13 Nov 1856762064707916006

Reminder to follow me at digiconomist@mastodon.nl and/or for new insights in the environmental footprint of digital applications e.g. https://amp.theguardian.com/environment/2024/oct/31/concerned-about-your-data-use-here-is-the-carbon-footprint-of-an-average-day-of-emails-whatsapps-and-more

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creating research to expose the unintended consequences of digit

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23 Oct 1848988961324032234

“AI will consume a lot of energy in the data centers, but the power of AI will ultimately unlock sustainability and efficiency across all industries.”

The typical justification for AI’s huge energy demand is a mix of wishful thinking and ignorance (ie ignoring Jevons’ Paradox).

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29 Sep 1840492413007057357

If transparency threatens your industry, then there might be something wrong with your industry.

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29 Sep 1840361538856558715

The tech giant does not consider it “meaningful” to provide AI-specific info, despite pointing to AI as the driver for their surging carbon emissions (50% increase compared to five years ago).

The battle for transparency may be over in crypto, but it has only just started for AI

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