Sustainability of bitcoin and blockchains

By Harald P. E. Vranken. 2017

420 citations recorded by the source corpus.

Subfields: Computer Networks and Communications, Information Systems

View Paper: https://www.semanticscholar.org/paper/1628b4039c7756bf5a7c0d10862c539fb09f0516

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Computer Networks and Communications

In Information Systems

Citations in the corpus

Industry 4.0 and Sustainability Implications: A Scenario-Based Analysis of the Impacts and Challenges (2018, background): “Additionally, in this scenario, is also relevant to consider innovative business [14,19,61] as a key element.”
Cryptodamages: Monetary value estimates of the air pollution and human health impacts of cryptocurrency mining (2020, background): “Narayanan et al. [38] and Vranken [39] provide excellent reviews of the properties of the many alternative mining puzzles and blockchain design alternatives, including expected energy use (see discussions of proof-of-space [5] and proof-of-stake [40], as just several of the various alternatives).”
A Survey of Blockchain From the Perspectives of Applications, Challenges, and Opportunities (2019, background): “Based on a report published by the International Energy Agency, the overall consumption of the Bitcoin network is higher than a number of countries [105].”
Solutions to Scalability of Blockchain: A Survey (2020, background): “Unfortunately, the popular PoW-featured blockchain such as Bitcoin and Ethereum, cannot connect to Cosmos Hub directly.”
Blockchain technology in supply chain management for sustainable performance: Evidence from the airport industry (2020, background): “However, blockchain technology has positive and negative effects on the overall business world (Aste et al., 2017; Giungato et al., 2017; Kewell et al., 2017; Kshetri, 2018; Lu & Xu, 2017; Vranken, 2017).”
The Carbon Footprint of Bitcoin (2019, neutral): “(A) 100–500 MW power consumption as of January 1, 2017.(34) (B) 470–540 MW as of February 2017, 816–944 MW as of July 2017, and 1,620–3,136 MW with a best guess of 2,100 MW as of November 1, 2018.”
The Energy Consumption of Blockchain Technology: Beyond Myth (2020, background): “Fortunately, however, one can obtain good estimates for a lower and an upper bound of the energy consumption of any PoW blockchain by following Vranken (2017) and Krause and Tolaymat (2018): Since both the difﬁculty of the cryptographic puzzles and the frequency at which solutions are found are…”
Quantification of energy and carbon costs for mining cryptocurrencies (2018, methodology): “minutes block created 60 minutes hours (2)”
Cryptocurrencies as a financial asset: A systematic analysis (2019, result): “Sustainability in the context of environmental and economic aspects have been analysed by Vranken (2017), and the results provide an opposite conclusion to the popular belief.”
Blockchain technology: Is it hype or real in the construction industry? (2020, methodology): “[93]     Risius and Spohrer [11]         Vranken [23]    Wang, et al.”
Blockchain Technology in Business and Information Systems Research (2017, background): “For example, mining bit-coins requires a surprising and ever-growing amount of energy (Vranken 2017).”