Tag: energy

Digiconomist has launched a new API for developers to retrieve energy consumption and carbon footprint data on the Bitcoin, Ethereum and Dogecoin networks.

For many years, the Bitcoin community has argued that the network is running on a significant share of renewable energy sources.

Next to the Bitcoin and Ethereum Energy Consumption Index a new Dogecoin Energy Consumption Index has been added to Digiconomist.

The record-breaking surge in Bitcoin price at the start of 2021 may result in the network consuming as much energy as all data centers globally, with an associated carbon footprint matching London’s footprint size.

When the Bitcoin network launched back in 2009, it didn’t take long before cryptographer and Bitcoin pioneer Hal Finney infamously wondered “how to reduce CO2 emissions from a widespread Bitcoin implementation”. By adding a proof-of-work based consensus mechanism, Bitcoin creator Satoshi Nakamoto had embedded a requirement for the …