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Aug 18: The carbon footprint of cryptocurrency
Manage episode 300230960 series 2806988
The carbon footprint of cryptocurrency
What do Sweden, Argentina, Norway, Belgium, Ukraine and Chile have in common? They all consume less electricity in one year than Bitcoin does. Yes, Bitcoin, the cryptocurrency that is shaking up the financial world, is a massive energy hog. In fact, Bitcoin “miners” have been responsible for bringing retired coal and natural gas plants back online in order to satisfy their energy needs. Why is Bitcoin so dirty? Can cryptocurrencies go green?
Guest: Alex de Vries - Economist and founder of Digconomist.com
For more info and links, go to: podcast.smartprosperity.ca
34 episódios
Manage episode 300230960 series 2806988
The carbon footprint of cryptocurrency
What do Sweden, Argentina, Norway, Belgium, Ukraine and Chile have in common? They all consume less electricity in one year than Bitcoin does. Yes, Bitcoin, the cryptocurrency that is shaking up the financial world, is a massive energy hog. In fact, Bitcoin “miners” have been responsible for bringing retired coal and natural gas plants back online in order to satisfy their energy needs. Why is Bitcoin so dirty? Can cryptocurrencies go green?
Guest: Alex de Vries - Economist and founder of Digconomist.com
For more info and links, go to: podcast.smartprosperity.ca
34 episódios
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