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So another story about Bitcoin‘s energy consumption. Sigh. What we should really be interested in is its actual carbon foot print. You can’t just translate ener
by G3rn0ti 6y ago
So another story about Bitcoin‘s energy consumption. Sigh. What we should really be interested in is its actual carbon foot print. You can’t just translate energy usage into CO2 emissions. These are a function of geolocation and energy efficiency of the underlying hardware. It’s actually pretty tricky to calculate that.
If anybody's interested, here is a careful analysis of Bitcoin's carbon foot print (2019): https://www.sciencedirect.com/science/article/pii/S2542435119302557 https://www.sciencedirect.com/science/article/pii/S254243511...
TL;DR: While there is this "energy consumption of Argentina" number in circulation implying Bitcoin's carbon emissions equates that of a whole developed country, in reality this number is closer to that of Kansas City.
- flowersjeff 6y agoThanks so much for that read :-)
- G3rn0ti 6y agoYou’re welcome. The article also gives some interesting insights into the mining business. I actually I would love to see some Bitcoin miners to comment about this whole topic more often on HN. I know at least some of them should be lurking here but for some reason decide to keep completely silent.
- noxer 6y agohttps://xrpl.org/carbon-calculator.html https://xrpl.org/carbon-calculator.html As expected PoW is by far the worst. Worse than paper money.