Bitcoin & Crypto News

Bitcoin’s energy consumption dropped slightly in February when compared to the previous month, although this can primarily be attributed to February being a short month. The most notable change this month is that Bitcoin transaction fees are on the rise… Continue Reading →

Bitstamp (bitstamp.net) was launched in Slovenia in 2011 as a provider of cryptocurrency exchange services. The company’s legitimacy has been evaluated based on the items listed below. Every individual item has been checked for the presence of obvious red flags… Continue Reading →

HaoBTC is ending its exchange services and both JP Morgan and Banco Santander are said to be joining the Enterprise Ethereum consortium. Here are the cryptocurrency highlights of week 7: The Chinese cryptocurrency platform, HaoBTC has announced its decision to… Continue Reading →

After a continuous drop in Bitcoin’s energy consumption for several months, January sadly put an end to this trend. The highlights of the past month are as follows: Mining revenues dropped just one percent. Mining revenue from transaction fees decreased… Continue Reading →

With 2018 behind us, we can finally get a complete overview of the environmental disaster that unfolded in Bitcoin last year. But before we get to this part, we first examine the montly changes as usual. In December Bitcoin’s energy… Continue Reading →

The Bitcoin price crashed again in November, leading up to the first significant drop in Bitcoin’s energy consumpion ever recorded. Although this may sound as good news, it’s not much more than a pyrrhic victory. In fact, it merely jumpstarts… Continue Reading →

We’ve barely had time to process the latest studies on the carbon footprint of Bitcoin mining, or Bitmain (the largest manufacturer of Bitcoin mining machines) is already giving us a reason to worry about another side effect of producing new… Continue Reading →

Due to the stability in revenues available to miners, Bitcoin’s energy consumption has been stable as well recently. This can be observed as well in the average network hashrate. The highlights of the past month are as follows: Mining revenues… Continue Reading →

Bitfinex (kraken.com), owned by iFinex Inc. which is registered on the British Virgin Islands (BVI), was launched in 2012 as a provider of cryptocurrency exchange services. The company’s legitimacy has been evaluated based on the items listed below. Every individual… Continue Reading →

Digiconomist is committed to promoting (the development of) sustainable blockchain technology. Blockchain protocols such as Bitcoin currently run on the energy-slurping proof-of-work algorithm (creating these proofs of work is better known as “mining”). The Bitcoin Energy Consumption index is a… Continue Reading →

It has been several months of little new content on the Digiconomist blog, but a lot has been going on in the background.Significant effort has been directed towards getting the methodology underlying the Bitcoin Energy Consumption Index anchored in peer-reviewed… Continue Reading →

Digiconomist is committed to promoting (the development of) sustainable blockchain technology. Blockchain protocols such as Bitcoin currently run on the energy-slurping proof-of-work algorithm (creating these proofs of work is better known as “mining”). The Bitcoin Energy Consumption index is a… Continue Reading →

Digiconomist is committed to promoting (the development of) sustainable blockchain technology. Blockchain protocols such as Bitcoin currently run on the energy-slurping proof-of-work algorithm (creating these proofs of work is better known as “mining”). The Bitcoin Energy Consumption index is a… Continue Reading →

On Saturday March 3, 2018, Digiconomist will be hosting an Ask my Anything on AMAfeed.com. The AMA will be live as of 15:00 EST, but questions can be posted any time before the AMA goes live. If there’s anything you’re… Continue Reading →

Digiconomist is committed to promoting (the development of) sustainable blockchain technology. Blockchain protocols such as Bitcoin currently run on the energy-slurping proof-of-work algorithm (creating these proofs of work is better known as “mining”). The Bitcoin Energy Consumption index is a… Continue Reading →

According the Bitcoin Energy Consumption Index the whole Bitcoin network now consumes more than 50 terawatt-hours (TWh) of electricity per year. This marks a new major milestone for the increasing energy-hungry network, which has now surpassed countries like Singapore (49.5 TWh… Continue Reading →

Digiconomist is committed to promoting (the development of) sustainable blockchain technology. Blockchain protocols such as Bitcoin currently run on the energy-slurping proof-of-work algorithm (creating these proofs of work is better known as “mining”). The Bitcoin Energy Consumption index is a… Continue Reading →

Bitcoin’s usefulness as a payment system has been deteriorating fast over the past year. Bitcoin transaction fees and price volatility skyrocketed, prompting big companies such as Steam and Microsoft to stop accepting Bitcoin payments. This development has resulted in the… Continue Reading →