Latest Articles

Rebuttal of EarthJustice Report of Bitcoin Mining in Texas
Original Report by Earthjustice Acknowledgements First, the positives. Earthjustice have done a generally good job of avoiding the sensationalism of GreenpeaceUSA. This is a more thoroughly researched...
Rebuttal of GreenpeaceUSA Report on Bitcoin
How to use this article: Since the original GreenpeaceUSA article uses many of the arguments that are traditionally used by opponents of Bitcoin to argue that it is a net-environmental negative, this article...
Comparing Bitcoin Mining to other Industries' energy mix
Summary Using data from our BEEST model (Bitcoin Energy and Emissions Sustainability Tracker), and comparing to publicly available data of other industry sub-sectors, we charted sustainable energy mix...
Accurately, dynamically calculating Bitcoin Network Emissions
Executive Summary We find that the most oft-cited emissions calculation (CCAF’s estimated emissions) for the Bitcoin network overestimates true emissions by > 100%. The emissions numbers is...
Improving OUR ESTIMATE of Bitcoin ENERGY CONSUMPTION
Acknowledgements: Mason Jappa – Blockware, the team at Luxor and Fred Thiel – Marathon for making their data, models and methodologies available Executive Summary For several years the...
Positive Press ABOUT BITCOIN & ESG outnumbers negatives 4:1 so far in 2023
Overview: From our research it would appear that whenever a disruptive technology come into being, it is attacked. Such was the case for the radio, the book, the bicycle and more recently the Internet....
Bitcoin By Energy Source
Overview In previous literature, Cambridge Centre for Alternative Finance (CCAF) postulated that the major energy source used by the Bitcoin network was coal. In my Feb 2023 article in Bitcoin magazine,...
New Insights on Bitcoin Mining and Sustainability
Now that we have a new model (BEEST), based on the CCAF model, with known exclusions added in, we can start asking this model some intriguing questions. Right now, a lot of people are asking me a lot...
AUCKLAND WAKES UP TO Climate Change
The most familiar sound I have heard all morning is sirens and the sound of neighbours making makeshift repairs. This wasn’t supposed to happen. This was supposed to be our grandchildren’s issue not ours....
BEEST (Bitcoin Energy & Emissions Sustainability Tracker)
Introduction We are at an inflection point in Bitcoin mining history. Policy decisions made now will have far-reaching consequences. So it is more important than ever that these decisions are based on...