Cryptocurrency and climate change

The study recommends that further development in cryptocurrencies should analytically aim to reduce power demand so as to avoid the potentially demoralizing consequences of 2OC of global warming.

8p cleopatrahuynh 01-06-2020 14 1   Download

This study empirically investigates the effects of crypto-currencies trading on the energy consumption as an important consequence of blockchain technology on climate change. In this article, we use the data of Bitcoin trading volume as well as all crypto-currencies trading volumes for the period going from 2014M1 to 2017M12 to investigate the effects on the primary energy consumption. Our empirical results show a positive correlation between crypto-currencies trading volumes and the energy consumption.

10p partimesinhvien 13-05-2020 12 1   Download