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Digiconomist.net
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 →
Over the past few weeks Bitcoin’s insane energy consumption took center stage in the media coverage regarding the popular cryptocurrency. This led to a lively debate, with some frequently returning claims being made. Let’s examine some of the most common… Continue Reading →
As of today, an estimate of Bitcoin’s carbon footprint has been added to the Bitcoin Energy Consumption Index. Many readers requested for the addition of this number, as it gives a more detailed understanding of Bitcoin’s environmental impact. This impact… 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 →
One of the earliest investigations into the energy consumption of the Bitcoin network was conducted by Karl J. O’Dwyer and David Malone, from the Hamilton Institute and Maynooth University in Ireland. In their research titled “Bitcoin Mining and its Energy Footprint”… 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 →
At the start of August, 2017, several media were granted access to one of the world’s largest Bitcoin mines, located in Inner Mongolia (China), operated by Bitmain Technologies. Bitcoin mines typically keep their operations private, hence visits like these offer… Continue Reading →
Kraken (kraken.com), owned by Payward, Inc., was launched in California 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… 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 →