Not usually an early adopter of tech but the pleb-gravity was overwhelming

The latest CBECI version is still overestimating. Especially when bitcoin price goes up it overestimates how many additional low-efficiency machines rejoin the network.

Working behind the scenes to build a better global estimate.

Apart from the idea of buying bitcoin from sustainable bitcoin miners like they are fair-trade grocery items - and the link to some WEF FUD it’s a reasonable write-up. Small steps

Somebody pinch me. An environmental magazine just posted a mildly positive take on bitcoin mining !

https://www.onegreenplanet.org/environment/shining-light-on-the-sustainable-side-of-bitcoin-mining/

Sorted

Thanks. I think it’s all up and running now

I’m comfortable with that externality

Every now we get real data on Bitcoin and energy beyond the Bitcoin ecosystem.

Last week was one of those weeks.

My article quantifying the bitcoin network’s energy mix got picked up in 161 media channels & blogs

Small steps

https://markets.businessinsider.com/news/stocks/more-than-half-of-bitcoin-mining-is-fueled-by-sustainable-power-1032112511

Cheers for letting me know. Only just connected it. I’ll do some troubleshooting

Spent the weekend analysing Cambridge’s bitcoin consumption index CBECI.

Conclusion: was accurate but has lost tune since the China-ban. Now overestimating by around 20%.

Data and pretty charts to come

Thank you. Feels like a startup again.

Decoupling:

Bitcoin price up but emissions down 3% since Dec17 ‘23.

Reason: marathons renewable migration and new sustainable hashrate on the network