bitcoin with colorfull blurred background and reflection

The search for a more efficient Bitcoin

The search for a more efficient Bitcoin

Synopsis
2 Minute Read

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.

Download Whitepaper

Insights

  • Confidence

    July 17, 2024

    Fireside chat: Why ESG matters

    Why does ESG matter? MNP’s Mary Larson and Edward Olson discussed this topic and shared insights on key factors in ESG at the Women Get on Board Summit.

  • Performance

    July 17, 2024

    How will the 2024 federal budget impact professionals?

    What do professionals need to know about the measures introduced in the 2024 federal budget? Discover five key areas that will impact professionals.

  • Confidence

    Five things you need to know as a newly self-employed professional

    As you transition to a self-employed professional, it’s critical to understand how to manage your money to achieve long-term financial well-being.