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How China’s Bitcoin mining ban affects energy consumption estimates

Digiconomist July 2, 2021 Latest, Sustainability

In June 2021 China started enforcing a complete ban on all Bitcoin mining activities in the country.

Amidst avid greenwashing, Xinjiang blackout exposes the horrid reality of Bitcoin mining

Digiconomist April 24, 2021 Latest, Sustainability

Estimates have long suggested that Bitcoin mining is a dirty business, but it took a blackout in China’s Xinjiang province during the weekend of April 17-18 to confirm the appalling state of Bitcoin’s network.

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13 Nov 1856762064707916006

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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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