Reading Time: 1 Min.
In 2016, Alex de Vries read somewhere that a single bitcoin transaction consumes as much energy as the average American household uses in a day. At the time, de Vries, who is Dutch, was working at a consulting firm. In his spare time, he wrote a blog, called Digiconomist, about the risks of investing in cryptocurrency. He found the energy-use figure disturbing. “I was, like, O.K., that’s a massive amount, and why is no one talking about it?” he told me recently over Zoom. “I tried to look up some data, but I couldn’t really find anything.” De Vries, then twenty-seven, decided that he would have to come up with the information himself. He put together what he called the Bitcoin Energy Consumption Index, and posted it on Digiconomist . According to the index’s latest figures, bitcoin mining now consumes a hundred and forty-five billion kilowatt-hours of electricity per year, which is more than is used by the entire nation of the Netherlands, and producing that electricity results in eighty-one million tons of CO 2 , which is more than the annual emissions of a nation like Morocco. De Vries subsequently began to track the electronic waste produced by bitcoin mining—an iPhone’s worth for every transaction—and its water use—which is something like two trillion liters per year. (The water goes toward cooling the servers used in mining, and the e-waste is produced by servers that have become out of date.) Daily Our flagship newsletter highlights the best of The New Yorker , including top stories, fiction, humor, and podcasts. E-mail address By signing up, you agree to our User Agreement and Privacy Policy & Cookie Statement . This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Last year, de Vries became concerned about another energy hog: A.I. “I saw that it has a similar capability, and also the potential to have a similar growth trajectory in the coming years, and I felt immediately prompted to make sure people are aware that this is also energy-intensive technology,” he explained. He added a new […]
Click here to view original page at The Obscene Energy Demands of A.I.
© 2024, wcadmin. All rights reserved, Writers Critique, LLC Unless otherwise noted, all posts remain copyright of their respective authors.
Reading Time: 1 Min. Fantasy and science fiction readers are naturally open to the unexpected, and they like new takes
Reading Time: 1 Min. The first thing that strikes you about Mia Farrow in Jen Silverman’s “The Roommate,” now at
The shortcode is missing a valid Donation Form ID attribute.
