1st Edition

Energy Use in Bitcoin Mining The Environmental Impact of Cryptocurrencies

168 Pages 10 B/W Illustrations
by Routledge

168 Pages 10 B/W Illustrations
by Routledge

168 Pages 10 B/W Illustrations
by Routledge

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... Read more

1. What is Bitcoin and How is it Mined?  2. A Feature and Not a Bug: Bitcoin Mining’s Energy Use Problem  3. Bitcoin’s Climate Emissions and Damages  4. Bitcoin’s PM2.5 Air Pollution Damages  5. How Does Bitcoin’s Climate Footprint Compare to Other Things?  6. Bitcoin Mining’s Additional Environmental Impacts  7. Can Bitcoin Be Made Green?  8. Bitcoin Mining Regulation and its Discontents

Biography

Benjamin A. Jones is Associate Professor of Economics at the University of New Mexico in Albuquerque, NM, USA. He is an environmental economist who researches the economic impacts of pollution and pollution exposure, especially as it relates to human health and well-being.

Andrew L. Goodkind is Associate Professor of Economics at the University of New Mexico in Albuquerque, NM, USA. He is an environmental economist specializing in modeling air pollution and its human health effects.

Robert P. Berrens is Regents Professor of Economics at the University of New Mexico in Albuquerque, NM, USA. He is an environmental economist with interests in environmental policy, climate change adaptation, non-market valuation, water resources management, and institutional issues.