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In recent years, power grids have seen a surge in large cryptocurrency mining firms, with individual consumption levels reaching 700MW. This study examines the behavior of these firms in Texas, focusing on how their consumption is…

Systems and Control · Electrical Eng. & Systems 2025-01-03 Subir Majumder , Ignacio Aravena , Le Xie

There is an urgent need to control global warming caused by humans to achieve a sustainable future. $CO_2$ levels are rising steadily and while countries worldwide are actively moving toward the sustainability goals proposed during the…

Computers and Society · Computer Science 2022-03-09 Varun Kohli , Sombuddha Chakravarty , Vinay Chamola , Kuldip Singh Sangwan , Sherali Zeadally

Blockchains and cryptocurrencies disrupted the conversion of energy into a medium of exchange. Numerous applications for blockchains and cryptocurrencies are now envisioned for purposes ranging from inventory control to banking…

Cryptography and Security · Computer Science 2021-01-05 Felipe Ribas Coutinho , Victor Pires , Claudio Miceli , Daniel Sadoc Menasche

Urban environments are intricate systems where the breakdown of critical infrastructure can impact both the economic and social well-being of communities. Electricity systems hold particular significance, as they are essential for other…

The use of energy by cryptocurrency mining comes not just with an environmental cost but also an economic one through increases in electricity prices for other consumers. Here we investigate the increase in wholesale price on Texas ERCOT…

General Economics · Economics 2023-02-07 Jangho Lee , Lily Wu , Andrew E. Dessler

The enormous power consumption of Bitcoin has led to undifferentiated discussions in science and practice about the sustainability of blockchain and distributed ledger technology in general. However, blockchain technology is far from…

Cryptography and Security · Computer Science 2021-02-17 Johannes Sedlmeir , Hans Ulrich Buhl , Gilbert Fridgen , Robert Keller

When Russia invaded Ukraine on the 24\textsuperscript{th} of February 2022, this led to many acts of solidarity with Ukraine, including support for its electricity system. Just 20 days after the invasion started, the Ukrainian and Moldovan…

On 24 February 2022 Russia invaded Ukraine, starting one of the largest military conflicts in Europe in recent years. In this paper we present preliminary findings about the impact of the conflict on the Internet performance in Ukraine and…

Networking and Internet Architecture · Computer Science 2022-05-19 Tal Mizrahi , Jose Yallouz

Recent high-profile cyberattacks on energy infrastructures, such as the security breach of the Colonial Pipeline in 2021 and attacks that have disrupted Ukraine's power grid from the mid-2010s till date, have pushed cybersecurity as a top…

Cryptography and Security · Computer Science 2022-08-31 Tawfiq M. Aljohani

Decentralized cryptocurrency networks, notably those with high energy demand, have faced significant criticism and subsequent regulatory scrutiny. Despite these concerns, policy interventions targeting cryptocurrency operations in the…

One of the main events that involve the world economy in 2022 is the conflict between Russia and Ukraine. This event offers a rare opportunity to analyze how events of this magnitude can reflect the use of cryptocurrencies. This work aims…

Social and Information Networks · Computer Science 2022-06-24 Pedro Henrique F. S. Oliveira , Daniel Muller Rezende , Heder Soares Bernardino , Saulo Moraes Villela , Alex Borges Vieira

In 21st century America, to many observers, the idea that 10's of millions of Americans could lose power and heat for multiple days in the middle of a record cold snap, was unthinkable. It came as an even greater surprise that it would be…

Computers and Society · Computer Science 2021-08-09 William Wagner , Siyu Xiang , Chien-Ting Chang

The carbon footprint of Bitcoin has drawn wide attention, but Bitcoin's long-term impact on the climate remains uncertain. Here we present a framework to overcome uncertainties in previous estimates and project Bitcoin's electricity…

General Economics · Economics 2021-01-29 Shize Qin , Lena Klaaßen , Ulrich Gallersdörfer , Christian Stoll , Da Zhang

Blockchain-based cryptocurrencies have become an extremely important, highly-used, technology. A major criticism of cryptocurrencies, however, is their energy consumption. In May 2022 Bitcoin alone was reported to be consuming 150…

Quantum Physics · Physics 2023-06-07 Joseph Kearney , Carlos A Perez-Delgado

The 2022 Russia Ukraine War has led to many sanctions being placed on Russia and Ukraine. The paper will discuss the impact the 2022 Russian Sanctions have on agricultural food prices and hunger. The paper also uses Instrumental Variable…

General Economics · Economics 2022-10-20 Agni Rajinikanth

Dark markets are commercial websites that use Bitcoin to sell or broker transactions involving drugs, weapons, and other illicit goods. Being illegal, they do not offer any user protection, and several police raids and scams have caused…

Computers and Society · Computer Science 2021-01-13 Abeer ElBahrawy , Laura Alessandretti , Leonid Rusnac , Daniel Goldsmith , Alexander Teytelboym , Andrea Baronchelli

Unprecedented winter storms that hit across Texas in February 2021 have caused at least 69 deaths and 4.5 million customer interruptions due to the wide-ranging generation capacity outage and record-breaking electricity demand. While much…

Physics and Society · Physics 2021-07-19 Dongqi Wu , Xiangtian Zheng , Yixing Xu , Daniel Olsen , Bainan Xia , Chanan Singh , Le Xie

Understanding how efforts to limit exposure to COVID-19 have altered electricity demand provides insights not only into how dramatic restrictions shape electricity demand but also about future electricity use in a post-COVID-19 world. We…

The electricity sector is facing the dual challenge of supporting increasing level of demand electrification while substantially reducing its carbon footprint. Among electricity demands, the energy consumption of cryptocurrency mining data…

Systems and Control · Electrical Eng. & Systems 2022-12-13 Ali Menati , Kiyeob Lee , Le Xie

In 2022 the Russian invasion of Ukraine began. It is known that Ukraine faced outages because of the damage to their infrastructure. It is also known that Russia was boycotted by the international community. However the impact on the…

Networking and Internet Architecture · Computer Science 2022-11-14 Cristian Trusin , Leandro Bertholdo , Jose Jair Santanna
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