Greenwashing in the Bitcoin Industry

Colin L. Read ()
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Colin L. Read: SUNY Plattsburgh

Chapter Chapter 21 in The Bitcoin Dilemma, 2022, pp 219-229 from Springer

Abstract: Abstract The Bitcoin Dilemma shows that increased minerminer efficiency will merely further fuel the miner arms race and will result in more miners sold, and profits for IntelIntel, BitmainBitmain and CanaanCanaan Creative, but with no commensurate decrease in electricity consumption miner industry-wide. Indeed, if the advertised cost of miners fall per kilowatt of power capacity, as Intel promises, electricity consumption may actually rise.

Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-09138-4_21

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DOI: 10.1007/978-3-031-09138-4_21

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