Category
Economy
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… Continue Reading →
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… Continue Reading →
BitBay (bitbay.net) was launched in the Poland in 2014 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… Continue Reading →
Bittrex (bittrex.com) was launched in the United States in 2014 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… Continue Reading →
Coinfloor (coinfloor.co.uk) was launched in the United Kingdom in 2013 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… Continue Reading →
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… Continue Reading →
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… Continue Reading →
LakeBTC (lakebtc.com) was launched in 2013 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 or warning… Continue Reading →
HitBTC (hitbtc.com) was launched in 2013 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 or warning… Continue Reading →
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… Continue Reading →
ANXPRO (anxpro.com) was launched in 2013 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 or warning… Continue Reading →
A new article published in the peer-reviewed journal “Patterns” has caught the attention of various mainstream media such as the BBC and Bloomberg. The article by Digiconomist-founder Alex de Vries, titled “Cryptocurrencies on the road to sustainability: Ethereum paving the… Continue Reading →
Poloniex (poloniex.com) was launched in 2014 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 or warning… Continue Reading →
Digiconomist has launched a new API for developers to retrieve energy consumption and carbon footprint data on the Bitcoin, Ethereum and Dogecoin networks. The respective energy index pages already provide downloadable data on the annualized energy consumption of these networks, but… Continue Reading →
For many years, the Bitcoin community has argued that the network is running on a significant share of renewable energy sources. When China banned cryptocurrency mining in the Spring of 2021, Bitcoiners doubled down on this claim – arguing that… Continue Reading →
In recent weeks several organizations have started experimenting with non-fungible tokens (NFTs) on top of the Polygon network. Associated press announced it was launching an NFT marketplace on top of Polygon, while also Prada, Adidas and the World Wildlife Fund… Continue Reading →
Next to the Bitcoin and Ethereum Energy Consumption Index a new Dogecoin Energy Consumption Index has been added to Digiconomist. As the popularity of Dogecoin has been growing over the past year, the environmental impact of its network has been… Continue Reading →
“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.“ This is the conclusion of new paper by Dr. Pete Howson and Alex de Vries… Continue Reading →
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. The… Continue Reading →
As of today, Digiconomist is featuring an Ethereum Energy Consumption Index. It has been half a year since the Bitcoin Energy Consumption Index was launched. Since then, Ethereum has established itself as the most significant rival to the popular digital… Continue Reading →