Criypto Climate Accord: a green future for cryptocurrencies?
Crypto Climate Accord: a green future for cryptocurrencies? That mining cryptocurrencies is an energy intensive activity is now widespread knowledge, yet the reasons behind this undesired phenomenon are often unclear. To explain this, it is key to understand that the success of Bitcoin is underpinned by the distributed ledger known as the blockchain, on which […]
Bitcoins consume more energy than Argentina!
Bitcoins consume more energy than Argentina! In mid-February, the Cambridge Center for Alternative Finance published the Bitcoin Electricity Consumption index, an online tool assessing Bitcoin’s consumption of electric energy to that of countries. The evaluation was conducted calculating the total USD mining revenues, then estimating the part spent on electricity and average cost per KiloWatt […]