Bitcoin Energy Consumption Index

Wed, 6 Apr 2022 19:07:08 +1000

Andrew Pam <xanni [at] glasswings.com.au>

Andrew Pam
https://digiconomist.net/bitcoin-energy-consumption

"The Bitcoin Energy Consumption Index provides the latest estimate of the total
energy consumption of the Bitcoin network.

Ever since its inception Bitcoin’s trust-minimizing consensus has been enabled
by its proof-of-work algorithm. The machines performing the “work” are
consuming huge amounts of energy while doing so. Moreover, the energy used is
primarily sourced from fossil fuels. The Bitcoin Energy Consumption Index was
created to provide insight into these amounts, and raise awareness on the
unsustainability of the proof-of-work algorithm."

Via Susan ****

Cheers,
       *** Xanni ***
--
mailto:xanni@xanadu.net               Andrew Pam
http://xanadu.com.au/                 Chief Scientist, Xanadu
https://glasswings.com.au/            Partner, Glass Wings
https://sericyb.com.au/               Manager, Serious Cybernetics

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