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Cryptocurrency energy demand is still underestimated Digiconomist Latest, Sustainability When the Bitcoin network launched back in 2009, it didn’t take long before cryptographer and Bitcoin pioneer Hal Finney infamously wondered “how to reduce CO2 emissions from a widespread Bitcoin implementation”. By adding a proof-of-work based consensus mechanism, Bitcoin creator Satoshi Nakamoto had embedded a requirement for the …

Iran: the next great Bitcoin mining hub? Digiconomist Latest, Sustainability Iran may be on the verge of legitimizing cryptocurrency mining in the country as an official industry, as the Economic Commission of Iran has finalized the power tariffs for cryptocurrency mining – which is now awaiting cabinet approval. The move has the potential to be a game changer …

New study confirms carbon intensity of the Bitcoin network Digiconomist Latest, Sustainability In a new study titled “The Carbon Footprint of Bitcoin” published in Joule today (June 12, 2019) Christian Stoll, Lena Klaassen and Ulrich Gallersdörfer find that: “the level of emissions produced by Bitcoin sits between the levels produced by the nations of Jordan and Sri Lanka, which is …

Changes to Digiconomist Digiconomist Announcements, Latest This month Digiconomist is celebrating five years of blogging. During this time, the website has received more than a million visits. Thanks to everyone for helping to achieve these amazing numbers!