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Showing posts with label Centre for Alternative Finance. Show all posts
Showing posts with label Centre for Alternative Finance. Show all posts

Monday, March 08, 2021

Cambridge Bitcoin Electricity Consumption Index

Mining Bitcoin might not sound like a resource-intensive process, but in fact it requires almost unbelievably vast amounts of energy. In order to track the shocking energy footprint of Bitcoin mining, the University of Cambridge's Centre for Alternative Finance has created an online tool that measures this consumption to its best ability and compares it to the energy consumption of other entities to put the shocking quantities into perspective.


Useful link: https://cbeci.org