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Introducing the Ethereum Energy Consumption Index

Digiconomist May 27, 2017 Other

As of today, Digiconomist is featuring an Ethereum Energy Consumption Index.

Cryptocurrency Highlights Of The Week

Digiconomist May 6, 2017 Other

Ethereum is now being used by the United Nations and a subsidiary of RWE, and Germany is cracking down on OneCoin.

Cryptocurrency Highlights Of The Week

Digiconomist April 29, 2017 Other

A “backdoor” in Bitmain’s mining equipment was found (and fixed) this week, and the SEC is reviewing its decision to reject a Bitcoin ETF.

Cryptocurrency Highlights Of The Week

Digiconomist April 22, 2017 Other

Segregated witnesses will be activated on Litecoin, and Bitcoin exchange Bitfinex appears to be in serious trouble.

Cryptocurrency Highlights Of The Week

Digiconomist April 1, 2017 Other

Japan now allows Bitcoin as a legal method of payment, and the SEC has denied a second Bitcoin ETF.

Digiconomist

@DigiEconomist

The latest #Ethereum Energy Consumption Index is 7.533 TWh per Year/0.7 Mil US households (+0.15%) ethereumenergyconsumption.com29.4 KWh per unique transaction (powers 1 US household for 1 days) #MakeEthereumSustainable

4:36 pm · September 19, 2019

Digiconomist

@DigiEconomist

#Bitcoin's TWh usage results in a #CarbonFootprint of 34.73 MtCO2 (comparable to a country like Denmark) bitcoinenergyconsumption.comThe #carbon #footprint per unique transaction is 291.64 kgCO2 (equivalent to 729,092 VISA transactions) #MakeBitcoinSustainable

3:04 pm · September 19, 2019

Digiconomist

@DigiEconomist

The latest #Bitcoin Energy Consumption Index is 73.121 TWh per year (comparable to a country like Austria) bitcoinenergyconsumption.comThe #energy #footprint per unique transaction is 613 kWh (enough to power 1 U.S. household for 20.7 days) #MakeBitcoinSustainable

3:04 pm · September 19, 2019

Digiconomist

@DigiEconomist

On top of that it's probably going to be ineffective at achieving it's core purpose anyway. It's supposed to counter the centralizing effects of PoW, but you're not changing electricity rates or economies of scale with a software update.

3:04 pm · September 19, 2019 ·

Retweeted by Digiconomist

Digiconomist

@DigiEconomist

#Bitcoin #EWaste Generation is at 11.318 kilotonnes per year (comparable to a country like Luxembourg) bitcoinelectronicwaste.comA footprint of 94.9 grams per unique transaction (equal to the weight of 1.5 'C'-size batteries or 2.1 golf balls) #MakeBitcoinSustainable

2:19 pm · September 19, 2019

Aviv Zohar

@Avivz78

Our paper on Hijacking Routes in Payment Channel Networks: arxiv.org/pdf/1909.06890…tl;dr: in today's #LightningNetwork it's not too hard to grab a large fraction of the payments (and deny service).With @SaarTochner & @schmiste78 cc @ct_univie @CseHuji @HUJICyberLaw

2:02 pm · September 19, 2019 ·

Retweeted by Digiconomist

Digiconomist

@DigiEconomist

ProgPoW is supposed to be anti-ASIC (specialised mining hardware). By moving to ProgPoW, the #Ethereum community would be responsible for prematurely wasting a generation of non-repurposable devices. It's a "net negative" for the environment.

1:09 pm · September 19, 2019 ·

Retweeted by Digiconomist

Digiconomist

@DigiEconomist

5:43 pm · September 18, 2019

Digiconomist

@DigiEconomist

5:43 pm · September 18, 2019

Digiconomist

@DigiEconomist

The #energy footprint for one #Bitcoin transaction (616 KWh) equates to: -1 US household 21 days (DE: 64, CN: 173)#CarbonFootprint per TX: 293 KG -729,866 VISA transactions -48,658 hours of watching Youtube#Ewaste per TX: 94 gramsbitcoinenergyconsumption.com

4:54 pm · September 18, 2019