Daniel

Original Paper   Overview Cambridge’s analysis should be applauded for its rigor. The analysis is also noteworthy for its absence of fundamental flaws such as “per transaction” metrics that have been common in the research of other commentators on Blockchain technologies. The dataset is also contemporary, which is a major improvement. We hope to see […]

The “bitcoin uses fossil fuels” argument has been increasingly breaking down in the face of new data from Bloomberg Intelligence showing the network is in fact the most sustainable-energy backed industry on the planet with 53% energy coming from sustainable sources.  In response to this news, a new attack vector has emerged: “Bitcoin uses too

Why BBCNews’ latest article on Bitcoin and Water is a monument to journalistic laziness Original article Problems and errors of fact in the article: 2. The second problem is that having made a factual error in the headline of the article, the BBCNews continues to use the two terms “payment” and “transaction” as though they

With increasing regularity, I have been hearing accusations that Bitcoin proponents are engaging in “greenwash”. Here’s why we need to be careful and considered in using this term. Firstly, I have empathy for the user of the term. We live in a world where corporates frequently use greenwash as a strategy to cast attention away

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 report. It is even occasionally backed up by evidence and citation. It looks as though the writer of the report has highlighted issues with Bitcoin mining that they

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 serves as a useful counterpoint to share with any environmentally conscious person who may have encountered negative environmental messaging around Bitcoin, and

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 over the last four years across a range of industries. Based on the data, Bitcoin mining is currently the highest user of sustainable energy (52.6%) across sub-sectors,

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 skewed strongly to the upside because each of the factors that multiply together to produce this number are themselves overestimated Data as of 9 June 2023 CCAF calculation

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 Cambridge Centre for Alternative Finance (CCAF) has been the most quoted source for Bitcoin energy and power consumption estimates. However, our analysis of CCAF’s Bitcoin power and