/
Navigation
C
Chronicles
Browse all articles
C
E
Explore
Semantic exploration
E
R
Research
Entity momentum
R
N
Nexus
Correlations & relationships
N
~
Story Arc
Topic evolution
S
Drift Map
Semantic trajectory animation
D
P
Posts
Analysis & commentary
P
Browse
@
Entities
Companies, people, products, technologies
Domains
Browse by publication source
Handles
Browse by social media handle
Detection
?
Concept Search
Semantic similarity search
!
High Impact Stories
Top coverage by position
+
Sentiment Analysis
Positive/negative coverage
*
Anomaly Detection
Unusual coverage patterns
Analysis
vs
Rivalry Report
Compare two entities head-to-head
/\
Semantic Pivots
Narrative discontinuities
!!
Crisis Response
Event recovery patterns
Connected
Nav: C E R N
Search: /
Command: ⌘K
Embeddings: large
VOICE ARCHIVE

@digieconomist

@digieconomist
16 posts
2023-11-30
I'm glad you asked! A recent research quantified that the traditional financial system (bank notes + branches + ATMs + cashless transactions) consumes about 1800 GL of water per year. Bitcoin is not only consuming more in total; it also gets nowhere close in utility provided.
2023-11-30 View on X
The Verge

Analysis: crypto mining used ~1,600 gigaliters of water in 2021 when bitcoin peaked at $65K, or 16K liters per transaction, around 6.2M times a credit card

Bitcoin mines aren't just energy-hungry, it turns out they're thirsty, too.  The water consumption tied to a single Bitcoin transaction …

Every Bitcoin transaction uses, on average, enough water to fill “a back yard swimming pool” - BBC reporting on my latest study regarding BTC's water footprint https://www.bbc.com/...
2023-11-30 View on X
The Verge

Analysis: crypto mining used ~1,600 gigaliters of water in 2021 when bitcoin peaked at $65K, or 16K liters per transaction, around 6.2M times a credit card

Bitcoin mines aren't just energy-hungry, it turns out they're thirsty, too.  The water consumption tied to a single Bitcoin transaction …

2022-09-16
BREAKING: Ethereum has just ended its environmentally harmful PoW mining. The network's electric power demand is likely reduced by 99.98%, which comes down to possibly as much as a country like Austria requires. CO2 savings may equal global CO2 reductions by EVs. When Bitcoin? https://twitter.com/...
2022-09-16 View on X
Wall Street Journal

Speaking hours after Ethereum's Merge update, SEC Chair Gary Gensler says cryptocurrencies that let holders stake coins may be subject to US securities laws

SEC chairman says system used by ether following software update could trigger securities laws  —  WASHINGTON—Ethereum's big software update …

BREAKING: Ethereum has just ended its environmentally harmful PoW mining. The network's electric power demand is likely reduced by 99.98%, which comes down to possibly as much as a country like Austria requires. CO2 savings may equal global CO2 reductions by EVs. When Bitcoin? https://twitter.com/...
2022-09-16 View on X
The Block

Ethereum activates its long-awaited Merge upgrade, in development since 2020, and transactions are now being processed under proof of stake

First off, thank you for reading and as always, nothing you read or hear of my content is ever financial advice. Ryan Whitwam / ExtremeTech : Ethereum Switches to Proof-of-Stake, W...

2022-06-13
BREAKING: The current price crash is causing Bitcoin's environmental impact to slide as well. Every further $1,000 drop in the BTC price will reduce the network's carbon emissions by more than 10 metric kilotons of CO2 per day. https://twitter.com/...
2022-06-13 View on X
Celsius

DeFi lending platform Celsius pauses “all withdrawals, Swap, and transfers between accounts”, citing extreme market conditions

We are writing with a very important message for our community.  —  Due to extreme market conditions, today we are announcing that Celsius is pausing …

BREAKING: The current price crash is causing Bitcoin's environmental impact to slide as well. Every further $1,000 drop in the BTC price will reduce the network's carbon emissions by more than 10 metric kilotons of CO2 per day. https://twitter.com/...
2022-06-13 View on X
Bloomberg

Major cryptocurrencies are crashing: bitcoin drops by 17%+ to ~$23K, ether drops by 20%+ to ~$1.2K, and Solana drops 18%+ to ~$28

Bitcoin plunged to the lowest in about 18 months in Asia trading Monday as the impact of Friday's shock US inflation data continued to reverberate through global risk assets.

2022-04-01
“The move is a reaction to a surge in electricity demand expected from crypto miners this year and next. Texas regulators are grappling to understand how miners will tax a grid that had its vulnerabilities exposed during a deadly winter storm last year.” https://twitter.com/...
2022-04-01 View on X
Bloomberg

Texas starts requiring new large-scale cryptocurrency miners to seek permission to access its power grid, in anticipation of increasing demand for 2022 and 2023

2022-01-20
On Bitcoin mining: “creates a non-productive electricity expenditure, which undermines the energy supply of residential buildings, social infrastructure and industrial objects, as well as the environmental agenda of Russia. The optimal solution would be to ban crypto mining.” https://twitter.com/...
2022-01-20 View on X
Reuters

Russian's central bank proposes banning the trading, use, and mining of cryptocurrencies on Russian territory, citing threats to financial stability

Russia's central bank on Thursday proposed banning the use and mining of cryptocurrencies on Russian territory, citing threats to financial stability …

2021-07-16
This confirms that the carbon intensity estimate on Bitcoin has always been spot on. Additionally, if we assume Chinese miners will proportionally move to non-Chinese regions then it would increase the intensity by around 10%. Disproportionate KZ popularity could blow it up more. https://twitter.com/... https://twitter.com/...
2021-07-16 View on X
Cambridge Judge Business School

China's share of Bitcoin hashrate fell from 75.5% in September 2019 to 46% in April 2021, even before a crackdown; United States' share rose from 4.1% to 16.8%

2021-06-06
Translation: we know that solar power is too intermittent to build a stable Bitcoin mine, but we need a bit of good PR to distract from all those fossil-based power plants being revived, or kept alive, for mining Bitcoin (eg New York, Montana and various locations in China). https://twitter.com/...
2021-06-06 View on X
Bloomberg

Square partners with Blockstream, says it will invest $5M to build a solar-powered Bitcoin mining facility at a Blockstream Mining site in the US

Square Inc. will invest $5 million to build a solar-powered Bitcoin mining facility at a Blockstream Mining site in the U.S. through a partnership with the blockchain technology pr...

2021-05-11
In before “Bitcoin is great for the environment because it enables ransomware that takes down fossil fuels” https://twitter.com/...
2021-05-11 View on X
Wall Street Journal

Colonial Pipeline, which carries 45% of fuel consumed on the US East Coast, says it halted operations due to a ransomware attack

and Created an Unholy Mess Eric Geller / Politico : What you need to know about the Colonial Pipeline hack Mitchell Clark / The Verge : Colonial Pipeline hackers apologize, promise...

In before “Bitcoin is great for the environment because it enables ransomware that takes down fossil fuels” https://twitter.com/...
2021-05-11 View on X
CNBC

DarkSide, the group behind the pipeline attack, claims it wants to make money, not cause “problems for society”, and it'll add “moderation” to picking targets

- A hacker group called DarkSide is behind the cyberattack on Colonial Pipeline that shut down a major oil pipeline over the weekend.

2021-05-10
In before “Bitcoin is great for the environment because it enables ransomware that takes down fossil fuels” https://twitter.com/...
2021-05-10 View on X
Bloomberg

Sources: cybercrime gang DarkSide, which caused Colonial Pipeline to halt operations, stole and encrypted ~100GB of data on Thursday before demanding a ransom

> The hackers who caused Colonial Pipeline to shut down the biggest U.S. gas pipe on Friday began their blitz against the co. a day earlier, stealing a large amount of data before ...

In before “Bitcoin is great for the environment because it enables ransomware that takes down fossil fuels” https://twitter.com/...
2021-05-10 View on X
Wall Street Journal

Colonial Pipeline, which carries 45% of fuel consumed on the US East Coast, says it halted operations due to a ransomware attack

Colonial Pipeline carries roughly 45% of gasoline and diesel fuel consumed on the East Coast  —  The main pipeline carrying gasoline and diesel fuel …

2020-03-17
There might not be any payoff left after the next halving if the price continues to head down to $3k. Not a single currently available device would generate much (if any) profits at all. https://twitter.com/...
2020-03-17 View on X
CoinDesk

Bitcoin's price crash casts a shadow over mining firms, which have spent $500M+ since Sept. to prep for the “halving” in May, where mining rewards drop by 50%

Wolfie Zhao / CoinDesk : Tweets: @ethan_vera , @coindesk , and @digieconomist Tweets: Ethan Vera / @ethan_vera : If you are interested in my thoughts on financial instruments for ...

2020-02-01
In the meanwhile this PoW thing is turning in the most environmentally damaging centralized database https://twitter.com/...
2020-02-01 View on X
Bloomberg

TokenAnalyst: five mining entities - AntPool, BTC.com, BTC.top, F2 Pool, and ViaBTC, all based in China, control 49.9% of Bitcoin network's computing power

Olga Kharif / Bloomberg : Tweets: @digieconomist , @el33th4xor , @alistairmilne , and @bitcoin Tweets: Digiconomist / @digieconomist : In the meanwhile this PoW thing is turning i...