Quantification of energy and carbon costs for mining cryptocurrencies
By Max J. Krause, T. Tolaymat. Nature Sustainability, 2018
361 citations recorded by the source corpus.
Subfields: Economics and Econometrics, Information Systems
View Paper: https://www.semanticscholar.org/paper/b45884f0fd423d3512c09f5fb059b645d7feb8b7
How researchers see this paper
The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.
In Economics and Econometrics
- A. Goodkind
- B. Jones
- Joelle Pineau
- Lena Klaaßen
- Christian Stoll
- Emma Brunskill
- Ulrich Gallersdörfer
- R. Berrens
In Information Systems
- A. Goodkind
- B. Jones
- Joelle Pineau
- Lena Klaaßen
- Christian Stoll
- Dan Jurafsky
- Emma Brunskill
- Peter Henderson
Citations in the corpus
- Towards the Systematic Reporting of the Energy and Carbon Footprints of Machine Learning (2020, background): “At the application level, some work has already modeled carbon impacts specifically in computationally intensive settings like bitcoin mining (Krause and Tolaymat, 2018; Stoll et al., 2019; Zade et al., 2019; Mora et al., 2018).”
- Bitcoin-energy markets interrelationships - New evidence (2020, neutral): “Research by Li et al. [2019] presented evidence through data analysis and experiments, that the estimated electricity for Monero, could consume 645.”
- The Energy Consumption of Blockchain Technology: Beyond Myth (2020, background): “…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 easily…”
- The Carbon Footprint of Bitcoin (2019, positive): “5 MtCO2 emissions range calculated using the median daily power consumption from January 2016 to June 2018 multiplied by CO2 emission factors of seven countries, assuming all miners would be based in one of these countries.(10) (K) 61 MtCO2 emissions as of July 2018, using a global average CO2 emiss”
- Cryptodamages: Monetary value estimates of the air pollution and human health impacts of cryptocurrency mining (2020, methodology): “For example, in January of 2016, each BTC mined required 1005 kWh of electricity; but by June 2018, each coin mined required 60,461 kWh [1].”