The changing dynamics of crypto mining and environmental impact

Pooja Kumari, Vasanthi Mamidala, Kavita Chavali and Abhishek Behl

International Review of Economics & Finance, 2024, vol. 89, issue PA, 940-953

Abstract: This study investigates the association between energy consumption in Bitcoin mining and energy indices. The study also examines the moderating effect of COVID-19 on the relationships between energy consumption in Bitcoin mining and energy indices. We applied vector autoregression and vector error correction models. Before COVID-19, the relationship between Bitcoin mining and the clean energy index was significant. However, after the pandemic, this relation was found to be less significant compared to Bitcoin mining and the dirty energy index association. The findings help investors and policymakers to understand the environmental impact of Bitcoin mining.

Keywords: Bitcoin; Energy consumption; Energy indices; Vector autoregression; Vector error correction model (search for similar items in EconPapers)
JEL-codes: C32 F18 G15 P33 (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:reveco:v:89:y:2024:i:pa:p:940-953

DOI: 10.1016/j.iref.2023.08.004

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