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Cryptocurrencies are gaining more popularity due to their security, making counterfeits impossible. However, these digital currencies have been criticized for creating a large carbon footprint due to their algorithmic complexity and…

计算机与社会 · 计算机科学 2022-06-08 Altanai Bisht , Arielle Wilson , Zachary Jeffreys , Shadrokh Samavi

Climate change and global warming are the significant challenges of the new century. A viable solution to mitigate greenhouse gas emissions is via a globally incentivized market mechanism proposed in the Kyoto protocol. In this view, the…

分布式、并行与集群计算 · 计算机科学 2021-07-02 Soheil Saraji , Mike Borowczak

For more than a decade, Bitcoin has gained as much adoption as it has received criticism. Fundamentally, Bitcoin is under fire for the high carbon footprint that results from the energy-intensive proof-of-work (PoW) consensus algorithm.…

综合经济学 · 经济学 2023-05-04 Juan Ignacio Ibañez , Alexander Freier

The distributed consensus mechanism is the backbone of the rapidly developing blockchain network. Blockchain platforms consume vast amounts of electricity based on the current consensus mechanism of Proof of Work. Here, we point out an…

计算机与社会 · 计算机科学 2022-01-19 Xiaoyang Shi , Hang Xiao , Weifeng Liu , Xi Chen , Klaus. S. Lackner , Vitalik Buterin , Thomas F. Stocker

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…

计算机与社会 · 计算机科学 2022-03-09 Varun Kohli , Sombuddha Chakravarty , Vinay Chamola , Kuldip Singh Sangwan , Sherali Zeadally

There is a growing interest in understanding the energy and environmental footprint of digital currencies, specifically in cryptocurrencies such as Bitcoin and Ethereum. These cryptocurrencies are operated by a geographically distributed…

计算机与社会 · 计算机科学 2022-10-24 Ashish Rajendra Sai , Harald Vranken

The power sector is responsible for 32 percent of global greenhouse gas emissions. Data centers and cryptocurrencies use significant amounts of electricity and contribute to these emissions. Demand-side flexibility of data centers is one…

应用统计 · 统计学 2025-09-05 Veronica M. Paez , Neda Mohammadi , John E. Taylor

This study explores the intersection of technological innovation and environmental sustainability in the context of Bitcoin mining. With Bitcoin's growing adoption, concerns surrounding the energy consumption and environmental impact of…

计算机与社会 · 计算机科学 2024-11-15 Mohammad Ikbal Hossain , Tanja Steigner

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…

综合经济学 · 经济学 2021-01-29 Shize Qin , Lena Klaaßen , Ulrich Gallersdörfer , Christian Stoll , Da Zhang

Despite their potential in many respects, blockchain and distributed ledger technology (DLT) technology have been the target of criticism for the energy intensity of the proof-of-work (PoW) consensus algorithm in general and of Bitcoin…

分布式、并行与集群计算 · 计算机科学 2023-07-20 Juan Ignacio Ibañez , Alexander Freier

The environmental impact of Bitcoin mining has become a significant concern, prompting several governments to consider or implement bans on cryptocurrency mining. However, these well-intentioned policies may lead to unintended consequences,…

计算机与社会 · 计算机科学 2024-11-13 Juan Ignacio Ibañez , Aayush Ladda , Paolo Tasca , Logan Aldred

Cryptocurrencies such as Bitcoin are realized using distributed systems and hence critically rely on the performance and security of the interconnecting network. The requirements on these networks and their usage, however can differ…

网络与互联网体系结构 · 计算机科学 2020-08-20 Maya Dotan , Yvonne-Anne Pignolet , Stefan Schmid , Saar Tochner , Aviv Zohar

The energy sustainability of blockchains, whose consensus protocol rests on the Proof-of-Work, nourishes a heated debate. The underlying issue lies in a highly energy-consuming process, defined as mining, required to validate crypto-asset…

Real and effective regulation of contributions to greenhouse gas emissions and pollutants requires unbiased and truthful monitoring. Blockchain has emerged not only as an approach that provides verifiable economical interactions but also as…

密码学与安全 · 计算机科学 2024-12-23 Maria-Victoria Vladucu , Hailun Wu , Jorge Medina , Khondaker M. Salehin , Ziqian Dong , Roberto Rojas-Cessa

The Ethereum ecosystem was maintained by a distributed global network of computers that required massive amounts of computational power. Previous work on estimating the energy use and emissions of the Ethereum network has relied on top-down…

计算机与社会 · 计算机科学 2022-12-08 Kyle McDonald

Cryptocurrencies and blockchain networks have attracted tremendous attention from their volatile price movements and the promise of decentralization. However, most projects run on business narratives with no way to test and verify their…

多智能体系统 · 计算机科学 2019-07-02 Zixuan Zhang

Recent estimates put the carbon footprint of Bitcoin and Ethereum at an average of 64 and 26 million tonnes of CO2 per year, respectively. To address this growing problem, several possible approaches have been proposed in the literature:…

网络与互联网体系结构 · 计算机科学 2025-12-05 Danila Valko , Daniel Kudenko

Cryptocurrencies are distributed systems that allow exchanges of native tokens among participants, or the exchange of such tokens for fiat currencies in markets external to these public ledgers. The availability of their complete historical…

Cryptocurrencies are distributed systems that allow exchanges of native (and non-) tokens among participants. The complete historical bookkeeping and its wide availability opens up an unprecedented possibility, i.e. that of understanding…

物理与社会 · 物理学 2020-12-02 Nicolò Vallarano , Claudio Tessone , Tiziano Squartini

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…

密码学与安全 · 计算机科学 2021-02-17 Johannes Sedlmeir , Hans Ulrich Buhl , Gilbert Fridgen , Robert Keller
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