Updated list of articles on Bitcoin electricity use and related topics

This is an update to the list originally posted on January 10, 2018.


Technical Estimates

March, 2015. A Cost of Production Model for Bitcoin. The New School for Social Research.

March 29, 2016. Bitcoin Could Consume as Much Electricity as Denmark by 2020. MOTHERBOARD.

June 28, 2016. The Fair Cost of Bitcoin Proof of Work. Social Science Research Network.

March 10, 2017. Electricity consumption of Bitcoin: a market-based and technical analysis. mrb’s blog.

April 17, 2017. Bitcoin Electricity Consumption: An Economic Approach. Digiconomist.

December 9, 2017. The Power Consumption of the Bitcoin Network: Are we destroying the planet?. Google Docs.

February 6, 2018. Reviewing Morgan Stanley’s Bitcoin research reports. mrb’s blog.


Research Reports/Articles

June 26, 2014. Bitcoin Mining and its Energy Footprint. karlodwyer.com.

May 13, 2016. Cryptocurrency value formation: An empirical study leading to a cost of production model for valuing bitcoin. Telematics and Infromatics.

May 29, 2017. Sustainability of bitcoin and blockchains. Current Opinion in Environmental Sustainability.


General Bitcoin News Articles/Web Sites

December 8, 2017. Beginner’s guide series on cryptoassets. Medium.  This is a list of guides by the author, including beginner’s guides to:  Ethereum, Monero, Litecoin, Ethereum tokens, 0x, Tezos, Bitcoin Cash, Decred, Zcash, and IOTA.

January 10, 2018. It Is Silly Season in the Land of Cryptocurrency. The Atlantic.

January 18, 2018. This week’s Bitcoin crash was all about fraud and regulation. The Verge.

January 25, 2018. Bitcoin Is Taking Growing Regulatory Scrutiny, From Some, in Stride. BloombergTechnology.

March 8, 2018. Sierra Leone Secretly Holds First Blockchain-Powered Presidential Vote. coindesk.

March 9, 2018. Bitcoin Is Ridiculous. Blockchain Is Dangerous. Bloomberg.

March 11, 2018. Why Blockchain Will Survive, Even If Bitcoin Doesn’t. The Wall Street Journal.

Bitcoin Energy News Articles/Web Sites

April 12, 2013.  Virtual Bitcoin Mining Is a Real-World Environmental Disaster. Bloomberg.

June 29, 2015. Bitcoin Is Unsustainable. MOTHERBOARD.

October 5, 2015. Bitcoins are a waste of energy – literally. abc.net.au.

January 1, 2017. Bitcoin and Energy Consumption; An Unsustainable Protocol That Must Evolve. LinkedIn.

January 7, 2017. Proof of Work Flaws: Ethereum Lays Out Proof of Stake Philosphy. BTCMANAGER.com.

March 7, 2017. A Single Bitcoin Transaction Takes Thousands of Times More Energy Than a Credit Card Swipe. MOTHERBOARD.

March 15, 2017. How Much Energy Does Bitcoin Use? A Lot It Turns Out. SecurityGladiators.

March 30, 2017. Bitcoin Doesn’t Waste Electricity. Hackernoon.

May 16, 2017. The bitcoin and blockchain: energy hogs. The Conversation.

August 20, 2017. China’s Bitmain dominates bitcoin mining. Now it wants to cash in on artificial intelligence. Quartz.

September 28, 2017. The Ridiculous Amount of Energy It Takes to Run Bitcoin. IEEE Spectrum.

October 4, 2017. Why the Biggest Bitcoin Mines Are in China. IEEE Spectrum.

October 5, 2017. How Much Power Does the Bitcoin Network Use?. The Balance.

October 16, 2017. The electricity required for a single Bitcoin trade could power a house for a whole month. World Economic Forum.

October 25, 2017. A Deep Dive in a Real-World Bitcoin Mine. Digiconomist.

October 27, 2017. How Many Barrels Of Oil Are Needed To Mine One Bitcoin?. Huffington Post.

November 9, 2017. Bitcoin’s Exorbitant Energy Costs May Prove to Be Biggest Risk. Bloomberg.

November 15, 2017. “Ludicrous” – Analysts Debate How Much Power Is Consumed per Bitcoin Transaction. Bitcoin.com.

November 24, 2017. Will Bitcoin Consume All The World’s Current Electricity Production By Feb 2020?. Zero Hedge.

November 27, 2017. Bitcoin mining consumes more energy than 159 countries. CBS News.

November 27, 2017. Bitcoin mining consumes more energy a year than Ireland. The Guardian.

December 5, 2017. The Environmental Case Against Bitcoin. The New Republic.

December 5 2017. Bitcoin could cost us our clean energy future. Grist.

December 6, 2017. Bitcoin’s insane energy consumption, explained. Ars Technica.

December 7, 2017. Bitcoin Mining Operations Now Use More Energy Than Ireland. Greentech Media.

December 7, 2017. No, Bitcoin Won’t Boil the Oceans. Bloomberg.

December 8, 2017. Bitcoin Mining Outranks Entire Countries in Energy Consumption. BTCMANAGER.com.

December 11, 2017. Bitcoin Mining On Track To Consume All Of The World’s Energy By 2020. Newsweek.

December 13, 2017. Bitcoin energy boom stamps down colossal carbon footprint. Deutsche Welle.

December 14, 2017. Coal Is Fueling Bitcoin’s Meteoric Rise. Bloomberg.

December 15, 2017. The Hard Math Behind Bitcoin’s Global Warming Problem. WIRED.

December 15, 2017. Five myths about bitcoin. The Washington Post.

December 19, 2017. Why the bitcoin craze is using up so much energy. The Washington Post.

December 20, 2017. Bitcoin’s sky-rocketing energy use is a viral story. We checked the math. Public Radio International.

December 21, 2017. No, bitcoin isn’t likely to consume all the world’s electricity in 2020. CNBC.

December 21, 2017. 5 Best States For Bitcoin Mining (and the Worst). Investopedia.

December 30, 2017. THE BITCOIN CRAZE IS USING UP SO MUCH ENERGY. Independent.

January 3, 2018. China Takes Aim At Bitcoin Mining; These 2 Cryptocurrencies Soar. Investor’s Business Daily.

January 4, 2018. Can We Prevent a Global Energy Crisis From Bitcoin Mining?. Greentech Media.

January 4, 2018. Bitcoin’s Cheap Energy Feast Is Ending. Bloomberg.

January 6, 2018. The secret lives of students who mine cryptocurrency in their dorm rooms. Quartz.

January 8, 2018. Bitcoins Should Be Called BTUcoins, and That’s a Problem. Energy Institute Blog.

January 10, 2018. Bitcoin Could End Up Using More Power Than Electric Cars. Bloomberg.

January 10, 2018. Bitcoin Can Drop 50% and China Miners Will Still Make Money. Bloomberg New Energy Finance.

January 16, 2018. Beyond the Bitcoin Bubble. The New York Times Magazine.

January 16, 2018. Beyond Bitcoin: As Blockchain Adoption Accelerates, a Need to Manage Energy and Climate Emerges. RMI Outlet.

January 17, 2018. The rise and fall of bitcoin. The Economist.

January 18, 2018. Bitcoin Mining’s Energy Use Won’t Eat The World – If Prices Stay Below 19% Annual Growth. Forbes.

January 21, 2018. There Is Nothing Virtual About Bitcoin’s Energy Appetite. The New York Times.

February 3, 2018. Large European Power Company Will Not Sell Electricity to Crypto-Miners. Bitcoin.com.

February 4, 2018. The Cost of Crypto Is Turing Miners Towards Green Power. Bloomberg Technology.

February 5, 2018. Let’s Talk About Bitcoin’s Insane Energy Consumption. SingularityHub.

February 6, 2018. Bitcoin’s price crashed, but it’s still devouring an obscene amount of energy. Vox.

February 9, 2018. BITCOIN HAS TRIGGERED THE ENERGY ARMS RACE. Bitcoinist.

February 11, 2018. Bitcoin Mania Triggers Miner Influx to Rural Washington. The Wall Street Journal.

February 12, 2018. Iceland will use more electricity mining bitcoins than powering its homes in 2018. Quartz.

February 12, 2018. Bitcoin energy use in Iceland to overtake homes, says local firm. BBC.

February 12, 2018. Energy footprint of bitcoin beginning to outstrip entire State. The Irish Times.

February 12, 2018. To ethically mine crypto we need to use renewable energy. Quartz.

February 13, 2018. First you get the bitcoin, then you get the power outages?. The Mercury News.

February 14, 2018. Before you join the moral panic about bitcoin destroying our environment, remember that cash could be a whole lot worse. Independent.

February 14, 2018. Bitcoin Mining Costs More Electricity Than Houses, But it’s a Non-Issue. COINTELEGRAPH.

February 14, 2018. Bitcoin mining: What is it? Why does it consume so much energy? big think.

February 14, 2018. European bankers scoff at bitcoin for its risk huge energy inefficiency. Ars Technica.

February 14, 2018. Instead of Selling Natural Gas, This Canadian Company will Mine Bitcoin. BTCMANAGER.com

February 15, 2018. Iceland facing power shortage due to heavy Bitcoin mining. AMB CRYPTO.

February 15, 2018. Power-hungry bitcoin miners offer risks and rewards for Washington utilities. The Bond Buyer.

February 15, 2018. Bitcoin Mining Is Hindering the Search for Alien Life. Observer.

February 15, 2018. Bitcoin mining in Iceland might use extra electrical energy than households. The Hugo Observer.

February 15, 2018. It costs $26,000 to mine one bitcoin in South Korea – and just $530 in Venezuela. Yahoo! Finance.

February 16, 2018. Is it worth mining bitcoin in Australia?. finder.

February 16, 2018. Bitcoin gobbles up clean energy – just when the real world needs it most. Grist.

February 16, 2018. Bitcoin Mining Margins Are Shockingly Wide Between Countries. Bitsonline.

February 16, 2018. Hydro-Quebec considers special rates for Bitcoin miners as demand surges. Canadian Manufacturing.

February 17, 2018. Two Russian Regions to Develop Large Scale Crypto Mining. Bitcoin.com.

February 17, 2018. The Future of Bitcoin? Green Energy + Lightning Network. Bitsonline.

February 20, 2018. Venezuala Named Cheapest Place In The World To Mine Bitcoin Amid Petro Launch: Report. Telesur.

February 20, 2018. Blockchain goes East: opportunities in China. Global Risk Insights.

February 20, 2018. Bitcoin Rises as South Korea Regulator Shows Support for Trading. Bloomberg Quint.

February 22, 2018. Bitcoin Miners Are Flocking to Oregon for Cheap Electricity. Should We Give Them a Boost?. Willamette Week.

February 22, 2018. Why energy-sapping bitcoin mining is here to stay. The Conversation UK.

February 22, 2018. The Rise of Bitcoin Factories: Mining for the Masses. The Wall Street Journal.

February 22, 2018. Bitcoin Mining Will Have A Net Positive Effect On Energy Production And Usage Efficiency. Crypto Daily.

February 22, 2018. How Much Energy Does it Take to Mine Different Cryptocurrencies. Solar Magazine.

February 22, 2018. Venezuela’s On-and-Off Love Affair With Cryptocurrency Mining: It’s Complicated. Bitcoin Magazine.

February 22, 2018. Sharing Is Caring in the World of Crypto Pool Mining. NEWSBTC.

February 22, 2018. Is In-Browser Mining a Good or Bad Use Case for Cryptocurrency?. BTCMANAGER.COM.

February 23, 2018. Thanks to the enormous security risk, energy-sapping bitcoin mining is here to stay. Quartz.

February 23, 2018. New Project to Tackle Crypto Energy Crisis by Generating Electricity Through Waste. COINTELEGRAPH.

February 23, 2018. Montana Scores $250 Million Bitcoin Mining Campus. Bitcoin.com.

February 23, 2018. Bitcoin and blockchain consume an exorbitant amount of energy. These engineers are trying to change that. Yahoo! Finance.

February 25, 2018. How Blockchain And Batteries Flipped A Power-Line Developer To Microgrids. Forbes.

February 25, 2018. Crypto gambit a likely bust for Venezuela but a boost for the industry. The Hill.

February 25, 2018. Bitcoin is an energy consuming monster. The Talking Democrat.

February 26, 2018. Rebuttal to Cryptocurrency Causing a Dominant Percentage of Global Warming. The Patriot Post.

February 26, 2018. Cryptocurrency, The Carbon Powered Coins. CryptoDaily.

February 28, 2018. Is Bitcoin a Waste of Electricity, or Something Worse?. The New York Times.

March 1, 2018. Is Bitcoin A Drain On Power — And Productivity?. PYMNTS.com.

March 1, 2018. Japanese to use solar power for Bitcoin and cryptocurrency mining. AMBCRYPTO.

March 2, 2018. The Real Carbon Footprint of Cryptocurrency. The Merkle.

March 3, 2018. How much to mine bitcoin? Mapping the world’s most affordable countries. RT.

March 9, 2018. Here’s how much it costs to mine a single bitcoin in your country. Market Watch.

March 9, 2018. The world cannot afford Bitcoin. Green Left Weekly.

March 10, 2018. Canada-based Energy Company Catches the Bitcoin Bug; Set to Start Bitcoin Mining. BTCMANAGER.com.

March, 2018. This Is What Happens When Bitcoin Miners Take Over Your Town. Politico.


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Koomey researches, writes, and lectures about climate solutions, critical thinking skills, and the environmental effects of information technology.

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