Understanding Bitcoin’s energy use
Why does Bitcoin consume electricity? Does energy usage increase with the number of transactions? Can we compare Bitcoin's energy usage to traditional payments technologies like credit cards? Are Bitcoin miners...
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Evaluating estimates of Bitcoin electricity use
Bitcoin and similar proof-of-work cryptocurrencies use electricity to secure their networks. All over the world, data centers are humming away, performing the calculations needed to provide that security. Those computers...
Estimating Bitcoin Electricity Use: A Beginner’s Guide
The rapid emergence of Bitcoin and other cryptocurrencies has taken many in the energy sector by surprise. This report summarizes complexities and pitfalls in analyzing the electricity demand of new...
How Bitcoin could drive the clean energy revolution.
Bitcoin’s recent incredible price increases have come along with equally sensational headlines about its energy usage. There are plenty of reasonable voices out there; I particularly recommend Ars Technica and...