Does Crypto Kill? Relationship between Electricity Consumption Carbon Footprints and Bitcoin Transactions

Autor:	Bisht, Altanai, Wilson, Arielle, Jeffreys, Zachary, Samavi, Shadrokh
Rok vydání:	2022
Předmět:	Computer Science - Computers and Society Computer Science - Cryptography and Security Computer Science - Machine Learning
Druh dokumentu:	Working Paper
Popis:	Cryptocurrencies are gaining more popularity due to their security, making counterfeits impossible. However, these digital currencies have been criticized for creating a large carbon footprint due to their algorithmic complexity and decentralized system design for proof of work and mining. We hypothesize that the carbon footprint of cryptocurrency transactions has a higher dependency on carbon-rich fuel sources than green or renewable fuel sources. We provide a machine learning framework to model such transactions and correlate them with the electricity generation patterns to estimate and analyze their carbon cost. Comment: 8 pages, 17 figures
Databáze:	arXiv
Externí odkaz:	http://arxiv.org/abs/2206.03227 Zobrazit plný text záznamu View this record from Arxiv