3 ms·
Digiconomist is not an authoritative source. There are a number of issues with their work and what they consider to be peer review, you can Google for more abou
by celticninja 7y ago
Digiconomist is not an authoritative source. There are a number of issues with their work and what they consider to be peer review, you can Google for more about it.
The Cambridge bitcoin electricity consumption index is probably a more superior and realistic model.
https://www.cbeci.org/ https://www.cbeci.org/
Yes it uses electricity, (what doesn't these days), but it is often renewable and excess power that would otherwise not be used e.g Hydro in China.
So it's not as bad as it seems, doesn't mean it can't be improved, but electricity consumption is not the issue digiconomist makes it out to be.