The search for a more efficient Bitcoin
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? Sign up for an exclusive first look at 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 upcoming whitepaper, The search for a more efficient Bitcoin.
Want to learn more?
Sign up for an exclusive first look at the report when it becomes available.
Insights
-
Confidence
October 20, 2021
Quebec’s Bill 64: Are you ready for it?
Strict new privacy regulations will require significant changes for organizations operating in Quebec or engaging Quebec residents. Here’s what you need to get ready.
-
Confidence
October 20, 2021
Face the future with confidence – and tax and succession plans
Tips to update your tax and succession strategies now to take advantage of what could be a narrow window of opportunity.
-
Confidence
October 19, 2021
A Lawyer’s Guide to Data Preservation
Newer hard drives in laptops and computers make it harder to recover deleted data, emphasizing urgency when seeking digital evidence.
