Energy Use In Bitcoin Mining
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Energy Use In Bitcoin Mining
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Author : Benjamin A. Jones
language : en
Publisher: Taylor & Francis
Release Date : 2025-04-15
Energy Use In Bitcoin Mining written by Benjamin A. Jones and has been published by Taylor & Francis this book supported file pdf, txt, epub, kindle and other format this book has been release on 2025-04-15 with Business & Economics categories.
This book provides a unique introduction to Bitcoin mining’s energy use and environmental impacts. Bitcoin, the largest and most well-known cryptocurrency, has ignited the world of decentralized finance and digital currencies. However, Bitcoin has a major problem: it uses massive amounts of energy to produce or ‘mine’ the coins, and this energy use has tremendous environmental consequences. By recent estimates, Bitcoin mining’s global electricity use is larger than entire countries such as the Netherlands and Argentina. In this book, the authors explain the process by which Bitcoin is mined, why it requires significant energy, and what we know about where that energy comes from. It also explores the environmental impacts and associated monetary damages of this energy use. Further, the book presents the current state of scientific knowledge around these questions and provides original economic damage estimates from the authors and compares them to those of other goods and services. The book discusses links between Bitcoin and climate change, public health, air pollution, ‘e-waste’, water, and land use. It concludes by discussing alternative ways in which Bitcoin mining can be made green by using less energy, as well as the policy and regulatory challenges that may hinder progress toward this goal. Innovative and insightful, this book will be of great interest to students, scholars, and industry professionals who are researching and working in the areas of cryptocurrencies, economics, business and finance, engineering, energy, and environmental studies more broadly.
Attack Of The 50 Foot Blockchain
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Author : David Gerard
language : en
Publisher: David Gerard
Release Date : 2017-07-24
Attack Of The 50 Foot Blockchain written by David Gerard and has been published by David Gerard this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-07-24 with Business & Economics categories.
An experimental new Internet-based form of money is created that anyone can generate at home; people build frightening firetrap computers full of video cards, putting out so much heat that one operator is hospitalised with heatstroke and brain damage. A young physics student starts a revolutionary new marketplace immune to State coercion; he ends up ordering hits on people because they might threaten his great experiment, and is jailed for life without parole. Fully automated contractual systems are proposed to make business and the law work better; the contracts people actually write are unregulated penny stock offerings whose fine print literally states that you are buying nothing of any value. The biggest crowdfunding in history attracts $150 million on the promise that it will embody “the steadfast iron will of unstoppable code”; upon release it is immediately hacked, and $50 million is stolen. How did we get here? David Gerard covers the origins and history of Bitcoin to the present day, the other cryptocurrencies it spawned including Ethereum, the ICO craze and the 2017 crypto bubble, and the attempts to apply blockchains and smart contracts to business. Plus a case study on blockchains in the music industry. Bitcoin and blockchains are not a technology story, but a psychology story. Remember: if it sounds too good to be true, it almost certainly is. “A sober riposte to all the upbeat forecasts about cryptocurrency” — New York Review of Books “A very convincing takedown of the whole phenomenon” — BBC News
Bitcoin Mining And The Environment
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Author : Barrett Williams
language : en
Publisher: Barrett Williams
Release Date : 2025-05-03
Bitcoin Mining And The Environment written by Barrett Williams and has been published by Barrett Williams this book supported file pdf, txt, epub, kindle and other format this book has been release on 2025-05-03 with Technology & Engineering categories.
Discover the intricate world of Bitcoin mining and its environmental impact with the groundbreaking eBook, "Bitcoin Mining and the Environment." In this comprehensive guide, delve into the complexities and realities of a phenomenon that's reshaping economies and sparking global debates. Begin your journey with a deep dive into the basics of Bitcoin mining. Uncover the origins and the essential role of blockchain technology that powers this digital currency revolution. From there, you'll explore the meteoric rise of Bitcoin mining operations worldwide and technological advancements that have boosted efficiency. The narrative intensifies as you step into the contentious arena of environmental impact. Unpack common perceptions and myths, and gain a clearer understanding of the actual energy consumption involved in Bitcoin mining. This eBook provides a detailed comparison with traditional banking systems and geographic variations in energy sources, offering insights that seldom surface in mainstream discussions. Navigate the often-misunderstood realm of carbon footprints, where renewable energy and carbon offsetting come into play. Examine data misinterpretations and media narratives through an evidence-based lens to discern fact from fiction. Gain perspective on the ecological footprint versus economic incentives, revealing the role Bitcoin can play in future green economy models. Through real-world case studies, witness how eco-friendly mining operations are paving the way for sustainable practices. Venture into the innovative world of energy efficiency, exploring the latest breakthroughs in hardware and protocols designed to minimize environmental impact. The eBook also scrutinizes global regulatory landscapes and the policy implications crucial for sustainable progress. Conclude your journey with a vision for a sustainable digital future. Discover collaborative efforts and alternative energy sources propelling Bitcoin towards a greener horizon. This eBook is an essential read for anyone seeking informed insights into the intertwined realms of technology, environment, and economics, urging stakeholders towards sustainable action.
The Ultimate Guide To Cryptocurrency Mining
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Author : Matthew Granger
language : en
Publisher: Interactive Media Licensing
Release Date : 2024-11-13
The Ultimate Guide To Cryptocurrency Mining written by Matthew Granger and has been published by Interactive Media Licensing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-11-13 with Business & Economics categories.
Cryptocurrency mining has become an integral part of the digital finance world, revolutionizing how individuals and businesses transact, invest, and store value. This eBook serves as an introduction to the complex and exciting world of cryptocurrency mining. In this eBook, we will explore the various aspects of mining, offering insights into its history, technology, hardware, software, and the impact it has on the economy and environment. Whether you are a beginner looking to understand the basics or an experienced miner seeking to optimize your operations, this guide is designed to provide comprehensive knowledge to help you navigate the world of cryptocurrency mining with confidence. At its core, cryptocurrency mining is the process by which new coins are created and transactions are verified within blockchain networks. While this may sound technical, understanding the underlying principles is crucial for anyone interested in participating in this rapidly growing field. As the cryptocurrency market continues to expand, more and more individuals are drawn to the potential for profit through mining. However, it's essential to remember that successful mining requires more than just the right equipment – it also demands knowledge of the right strategies, software, and a thorough understanding of the evolving cryptocurrency landscape. Mining cryptocurrencies like Bitcoin, Ethereum, and others offers both challenges and opportunities. These digital assets are decentralized, meaning they are not controlled by any central authority or government. This creates an open system where miners play a vital role in maintaining the integrity of the blockchain – the underlying technology that supports these currencies. Blockchain is a distributed ledger that records every transaction made with cryptocurrency, ensuring transparency and security. The process of mining involves solving complex mathematical puzzles using computational power, which in turn validates transactions and adds them to the blockchain. Successful miners are rewarded with newly minted coins, which is an incentive to continue the process. As more people engage in mining, the difficulty of these puzzles increases, making it more challenging to secure rewards. This dynamic nature of mining creates a competitive environment, where miners need to stay ahead of the curve in terms of technology, efficiency, and strategy. One of the most important things to understand about cryptocurrency mining is that it is not a one-size-fits-all activity. Different cryptocurrencies have different requirements and algorithms, which means that miners must tailor their approach to suit each network. For instance, Bitcoin mining relies on a process called proof-of-work (PoW), while Ethereum is transitioning to a proof-of-stake (PoS) model, which is less energy-intensive. These differences have significant implications for hardware, software, and energy consumption, making it essential to choose the right setup for the currency you intend to mine. Additionally, mining is an activity that requires significant energy and computational resources. The environmental impact of large-scale mining operations has become a hot topic of debate, with critics arguing that the energy consumption of mining farms is unsustainable in the long run. However, mining also presents opportunities for innovation in renewable energy, as some miners are turning to solar and wind power to reduce their carbon footprint. This eBook will explore all these aspects of mining in detail, providing you with the knowledge you need to succeed. From understanding blockchain technology to choosing the right mining hardware, software, and energy-efficient practices, we will guide you through each step of the process. Whether you are interested in mining as a hobby or as a serious investment, the insights in this eBook will help you make informed decisions.
Mining Power Usage
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Author : Elian Wildgrove
language : en
Publisher: Publifye AS
Release Date : 2025-02-22
Mining Power Usage written by Elian Wildgrove and has been published by Publifye AS this book supported file pdf, txt, epub, kindle and other format this book has been release on 2025-02-22 with Technology & Engineering categories.
Mining Power Usage tackles the growing concerns surrounding the significant power consumption of cryptocurrency mining and its environmental impact. As digital currencies become more prevalent, understanding the energy demands, carbon footprint, and long-term sustainability of blockchain technologies is crucial. The book reveals how mining has evolved from individual enthusiasts to large-scale industrial operations and emphasizes the need for transparency regarding energy practices within the cryptocurrency industry. For example, the ""proof-of-work"" consensus mechanism, vital for maintaining decentralized networks, demands immense computational power and electricity. The book progresses by first introducing cryptocurrency mining fundamentals, then analyzing its environmental impact, including carbon emissions and e-waste. The book delves into how different cryptocurrencies and mining hardware vary in energy efficiency. Ultimately, it proposes solutions, such as renewable energy adoption and regulatory frameworks, for a sustainable crypto ecosystem. This book uniquely combines technical analysis with practical solutions, offering a balanced view suitable for environmental scientists, tech enthusiasts, and policymakers alike.
Multidimensional Strategic Outlook On Global Competitive Energy Economics And Finance
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Author : Hasan Dinçer
language : en
Publisher: Emerald Group Publishing
Release Date : 2022-02-18
Multidimensional Strategic Outlook On Global Competitive Energy Economics And Finance written by Hasan Dinçer and has been published by Emerald Group Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-02-18 with Business & Economics categories.
Multidimensional Strategic Outlook on Global Competitive Energy Economics and Finance analyses current trends in energy production and use, with a focus on technological developments that contribute to the reduction of price in energy production and renewable energy sources that provide continuity in energy production.
Cryptocurrency And Blockchain Technology
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Author : Shaen Corbet
language : en
Publisher: Walter de Gruyter GmbH & Co KG
Release Date : 2020-08-24
Cryptocurrency And Blockchain Technology written by Shaen Corbet and has been published by Walter de Gruyter GmbH & Co KG this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-08-24 with Business & Economics categories.
This handbook will provide a comprehensive treatment of the gamut of issues and challenges that exist through the development of both cryptocurrencies and blockchain technology. This will not be confined to simply the investment potential within these new technological areas. We will examine the challenges in the regulatory, legal, taxation, accounting, modelling, ethical, macroeconomic impact and internationalization issues. Research on cryptocurrencies and blockchain technology has identified issues such as pricing abnormalities and bubble-like behavior, indicating that these new assets are highly speculative in nature, contain a growing number of legal abnormalities (such as the hacking of exchanges and broad theft of investor assets) and a growing number of significant regulatory issues. It is paramount that we investigate each of these issues in great detail to help to determine whether cryptocurrencies and blockchain technology merits consideration as a sustainable alternative investment asset. The handbook will be useful for specialist technical audiences such as legal, accounting and financial practices. It will also be beneficial for upper level masters and research students in economics, law, accounting, taxation, investment and portfolio management.
Proceedings Of International Conference On Computational Intelligence Data Science And Cloud Computing
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Author : Valentina E. Balas
language : en
Publisher: Springer Nature
Release Date : 2021-04-05
Proceedings Of International Conference On Computational Intelligence Data Science And Cloud Computing written by Valentina E. Balas and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-04-05 with Technology & Engineering categories.
This book includes selected papers presented at International Conference on Computational Intelligence, Data Science and Cloud Computing (IEM-ICDC) 2020, organized by the Department of Information Technology, Institute of Engineering & Management, Kolkata, India, during 25–27 September 2020. It presents substantial new research findings about AI and robotics, image processing and NLP, cloud computing and big data analytics as well as in cyber security, blockchain and IoT, and various allied fields. The book serves as a reference resource for researchers and practitioners in academia and industry.
Blockchain Democracy
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Author : William Magnuson
language : en
Publisher: Cambridge University Press
Release Date : 2020-02-27
Blockchain Democracy written by William Magnuson and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-02-27 with Business & Economics categories.
Exploring blockchain and bitcoin, Magnuson shows how the technology rife with crime and speculation also offers innovation and hope.
Artificial Intelligence
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Author : Arthur G.O. Mutambara
language : en
Publisher: CRC Press
Release Date : 2025-04-09
Artificial Intelligence written by Arthur G.O. Mutambara and has been published by CRC Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2025-04-09 with Computers categories.
This book presents contextualised and detailed research on Artificial Intelligence (AI) and the Global South. It examines the key challenges of these emerging and least industrialised countries while proffering holistic and comprehensive solutions. The book then explains how AI, as part of these broad interventions, can drive Global South economies to achieve inclusive development and shared prosperity. The book outlines how countries can swiftly prepare to adopt and develop AI across all sectors. It presents novel national, regional, and continental AI adoption, development, and implementation frameworks. Features: Broad non-AI interventions and prescriptions to address Global South challenges A comprehensive but accessible introduction to AI concepts, technology, infrastructure, systems, and innovations such as AlphaFold, ChatGPT-4, and DeepSeek-R1 An overview of AI-related technologies such as quantum computing, battery energy storage systems, 3D printing, nanotechnology, IoT, and blockchain How to prepare emerging economies to unlock the benefits of AI while mitigating the risks Discussion of specific AI applications in 11 critical Global South sectors Details of 11 sector case studies of AI adoption in the Global South and Global North Ten country case studies: Sharing emergent AI experiences in the Global South AI adoption framework: vision, strategy, policy, governance, legislation/regulation, and implementation matrix A framework for democratising and decolonising AI The value proposition for AI research, development, and ownership in the Global South A case for the participation of the Global South in the AI semiconductor industry This book is aimed at policymakers, business leaders, graduate students, academics, researchers, strategic thinkers, and world leaders seeking to understand and leverage the transformative role of AI-based systems in achieving inclusive development, economic transformation, and shared prosperity.