The search for a more efficient Bitcoin
As the world looks to conserve, cryptocurrency mining continues to consume energy at an astronomical rate. Might we already have the answer for a more efficient blockchain? Download our report to view our findings.
Blockchain and digital currencies have captivated journalists, evangelists, and critics for the better part of a decade. Their transformative potential notwithstanding, many are concerned about the immense power demands to run blockchain networks and whether they can truly be part of a green and sustainable future.
This gave rise to an important question: Might there already be a more efficient blockchain implementation? MNP decided to investigate.
Our team leveraged work from several existing frameworks as well as industry experts to determine the electricity consumption of Bitcoin Core (“BTC”), Bitcoin Cash (“BCH”), and BitcoinSV (“BSV”). We also validated our energy consumption model with real-world data from cryptocurrency miners.
After running the numbers it’s clear: There is a more energy efficient Bitcoin implementation. We’ve compiled our findings in our whitepaper, The search for a more efficient Bitcoin.
Related Content
-
Performance
Cash vs. accrual: Pros and cons of each reference margin reporting option for AgriStability
When it comes to the kind of financial reporting you’re doing for your farm, there are significant differences between cash and accrual reporting, especially when it comes to AgriStability payments. To better understand what might be more beneficial for your farm, it’s key to assess your operation to determine how best to move forward.
-
ConfidenceApril 01, 2024
Truth, fiction, and trust in ESG reporting
Amid a growing push for more transparency on environmental, social, and governance benchmarks, it’s becoming more difficult — and more vital — for organizations to demonstrate real, meaningful progress.
-
ConfidenceMarch 19, 2024
How will the updates to OSFI guidelines B-10 and B-13 help financial institutions mitigate new risks?
How can your organization successfully mitigate risks? The updated OSFI guidelines can help you understand and manage risks in the financial services industry.
Insights
-
Confidence
May 15, 2024
What is the impact of financial crime and how can you reduce risks to your business?
During Victims and Survivors of Crime Week 2024, discover the impacts of financial crime and the steps you can take to protect your business from threats.
-
Progress
How SMARTPro Helps Enhance Practice Value
Learn how to get your practice into a ready state for a sale with SMARTPro.
-
Progress
Your Construction Company and Employee Share Options
MNP poses a few questions and offers a few tips to see if an employee share option plan will work for you and your construction company.