Profile cover photo
Profile photo
Digiconomist
41 followers -
Cryptocurrency Fraud and Risk Mitigation
Cryptocurrency Fraud and Risk Mitigation

41 followers
About
Posts

Post has attachment
The #Bitcoin #Sustainability report for June 2018.
Digiconomist
Digiconomist
digiconomist.net
Add a comment...

Post has attachment
It has been several months of little new content on the Digiconomist blog, but a lot has been going on in the background. Significant effort has been directed towards getting the methodology underlying the #Bitcoin #Energy Consumption Index anchored in peer-reviewed academic literature. As of today, this has become a reality with the publication of a new paper in the latest issue of Joule.
Digiconomist
Digiconomist
digiconomist.net
Add a comment...

Post has attachment
The #Bitcoin #Sustainability report for April 2018.
Digiconomist
Digiconomist
digiconomist.net
Add a comment...

Post has attachment
The #Bitcoin #Sustainability report for March 2018.

Mining revenues stabilized this month, despite a continued crash in transaction fees. Mining profitability is decreasing.
Digiconomist
Digiconomist
digiconomist.net
Add a comment...

Post has attachment
The whole #Bitcoin network now consumes more than 50 terawatt-hours (TWh) of electricity per year; surpassing countries like Singapore (49.5 TWh per year) and Portugal (49.8 TWh per year).
Digiconomist
Digiconomist
digiconomist.net
Add a comment...

Post has attachment
The #Bitcoin #sustainability report for January 2018:
-Revenues for miners are down.
-Mining is still extremely profitable.
-A record amount of machines was added to the network.
-Fees are still high.
-The network is processing significantly less transactions.
-Average #energy consumption per transaction is at 397 KWh (powers 1 US household for almost 2 weeks)
Digiconomist
Digiconomist
digiconomist.net
Add a comment...

Post has attachment
#Bitcoin has a #sustainability problem, and not even becoming digital #gold will make that go away. When comparing it to physical gold, the latter is the greener alternative.
Digiconomist
Digiconomist
digiconomist.net
Add a comment...

Post has attachment
How #Bitcoin could become a serious factor in worsening economic #inequality.

“For the poor, the decreasing affordability of using #BTC means that their only option is to watch the rich enjoying the perks of a deflationary currency, while their own currencies decrease in value. In the end, they only get to share in the (environmental) costs of such a system.”
Digiconomist
Digiconomist
digiconomist.net
Add a comment...

Post has attachment
The new #Bitcoin #Sustainability report for December, including the full year performance. #BTC consumed as much #energy as the Dominican Republic in 2017 (average of 169 KWh per transaction), and is well on track to consume more than Bulgaria in 2018. #MakeBitcoinSustainable
Digiconomist
Digiconomist
digiconomist.net
Add a comment...

Post has attachment
No, #RenewableEnergy will not save #Bitcoin. Let's stop looking for excuses, and start addressing the problem.
Digiconomist
Digiconomist
digiconomist.net
Add a comment...
Wait while more posts are being loaded