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     * Bitcoin’s Growing Energy Problem
     * Renewable Energy Will Not Solve Bitcoin’s Sustainability Problem
     * Bitcoin’s energy consumption is underestimated: A market dynamics
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A DEEP DIVE INTO CRYPTOCURRENCY DECENTRALIZATION...

In recent years it has become well known that cryptocurrency networks such as
the Bitcoin network are energy intensive systems. As of …


POWERING AI COULD USE AS MUCH ELECTRICITY AS A SMALL COUNTRY...

It has been nine years since Digiconomist was first launched with the objective
of “exposing the unintended consequences of digital trends.” For …


THE LATEST HYPE IN NFTS IS A CLIMATE DISASTER: ON-CHAIN BITC...

It wasn’t long ago non-fungible tokens (NFTs) were making headlines for their
excessive environmental impact. Most of these NFTs were making use …
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A DEEP DIVE INTO CRYPTOCURRENCY DECENTRALIZATION

Digiconomist March 2, 2024 Analysis, Announcements, Latest
In recent years it has become well known that cryptocurrency networks such as
the Bitcoin network are energy intensive systems. As of 2024, Bitcoin mining
operates on more than 16 gigawatts of power demand, responsible for around 80
megatonnes of annual carbon emissions. Ethereum proved in 2022 that …


POWERING AI COULD USE AS MUCH ELECTRICITY AS A SMALL COUNTRY

Digiconomist October 10, 2023 Latest, Sustainability
It has been nine years since Digiconomist was first launched with the objective
of “exposing the unintended consequences of digital trends.” For a big part of
these nine years, the sustainability of digital assets such as Bitcoin has been
a key focus of the research by Digiconomist.


THE LATEST HYPE IN NFTS IS A CLIMATE DISASTER: ON-CHAIN BITCOIN NFTS

Digiconomist February 2, 2023 Latest, Sustainability
It wasn’t long ago non-fungible tokens (NFTs) were making headlines for their
excessive environmental impact. Most of these NFTs were making use of the
Ethereum blockchain or a related platform, which meant they were also impacted
by the energy-hungry proof-of-work (PoW) mechanism that was part of Ethereum
until …


NEW RESEARCH HIGHLIGHTS SUCCESS OF ETHEREUM’S MERGE

Digiconomist December 10, 2022 Latest, Sustainability
A new article published in the peer-reviewed journal “Patterns” has caught the
attention of various mainstream media such as the BBC and Bloomberg.


LAUNCHING PUBLIC API FOR ENERGY AND CARBON FOOTPRINT DATA

Digiconomist July 23, 2022 Latest, Sustainability
Digiconomist has launched a new API for developers to retrieve energy
consumption and carbon footprint data on the Bitcoin, Ethereum and Dogecoin
networks.


BITCOIN LESS “GREEN” THAN EVER BEFORE

Digiconomist February 25, 2022 Latest, Sustainability
For many years, the Bitcoin community has argued that the network is running on
a significant share of renewable energy sources.


THE CARBON FOOTPRINT OF POLYGON

Digiconomist February 4, 2022 Latest, Sustainability
In recent weeks several organizations have started experimenting with
non-fungible tokens (NFTs) on top of the Polygon network.


DOGECOIN’S GROWING ENERGY PROBLEM

Digiconomist January 15, 2022 Latest, Sustainability
Next to the Bitcoin and Ethereum Energy Consumption Index a new Dogecoin Energy
Consumption Index has been added to Digiconomist.


HOW BITCOIN MINING DISPROPORTIONALLY IMPACTS VULNERABLE COMMUNITIES

Digiconomist November 22, 2021 Latest, Sustainability
“Should bitcoin’s mass adoption continue, an escalating climate crisis is
inevitable, disproportionately exacerbating social and environmental challenges
for communities already experiencing multiple dimensions of deprivation.“


BITCOIN’S GROWING E-WASTE PROBLEM

Digiconomist September 17, 2021 Latest, Sustainability
Almost five years after Digiconomist first started providing insights into the
energy consumption of the Bitcoin network, a new study in collaboration with
Christian Stoll from MIT now provides new insights in another major component of
Bitcoin’s wasteful design.


BITCOIN MAY CONSUME AS MUCH ENERGY AS ALL DATA CENTERS GLOBALLY

Digiconomist March 10, 2021 Latest, Sustainability
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.


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CONNECT WITH DIGICONOMIST

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Digiconomist Follow 7,573 13,748

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


Retweet on Twitter Digiconomist Retweeted
; Digiconomist @DigiEconomist ·
3 Mar 1764275633180352896


It is well known that replacing the energy intensive mining mechanism in
cryptocurrencies can make them significantly more sustainable, but it has also
been argued this can make them less decentralized/secure. Digiconomist now
features a new deep dive to examine this argument:…

Reply on Twitter 1764275633180352896 Retweet on Twitter 1764275633180352896 3
Like on Twitter 1764275633180352896 13 Twitter 1764275633180352896
; Digiconomist @DigiEconomist ·
3 Mar 1764275633180352896


It is well known that replacing the energy intensive mining mechanism in
cryptocurrencies can make them significantly more sustainable, but it has also
been argued this can make them less decentralized/secure. Digiconomist now
features a new deep dive to examine this argument:…

Reply on Twitter 1764275633180352896 Retweet on Twitter 1764275633180352896 3
Like on Twitter 1764275633180352896 13 Twitter 1764275633180352896
Retweet on Twitter Digiconomist Retweeted
; European Central Bank @ecb ·
22 Feb 1760580254920212640


Bitcoin has failed to become a global decentralised digital currency, instead
falling victim to fraud and manipulation.

The recent approval of an ETF doesn’t change the fact that Bitcoin is costly,
slow and inconvenient, argues #TheECBBlog

https://www.ecb.europa.eu/press/blog/date/2024/html/ecb.blog...


Twitter feed image.
Reply on Twitter 1760580254920212640 Retweet on Twitter 1760580254920212640 1431
Like on Twitter 1760580254920212640 4892 Twitter 1760580254920212640
Retweet on Twitter Digiconomist Retweeted
; Digiconomist @DigiEconomist ·
15 Feb 1758104021632536950


Given that the Bitcoin mining industry loves to self-report data, it should be
no problem to forward this to the EIA in a week?

Reply on Twitter 1758104021632536950 Retweet on Twitter 1758104021632536950 7
Like on Twitter 1758104021632536950 27 Twitter 1758104021632536950

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