Bitcoin, Energy and the Future of Sustainable Crypto
Professor Andrew Urquhart is Professor of Finance and Financial Technology and Head of the Department of Finance at Birmingham Business School (BBS).
This is the ninth installment of the Professor Coin column, in which I bring important insights from published academic literature on cryptocurrencies to the Decrypt readership. In this article, I discuss Bitcoin energy usage, and the future for sustainable cryptos.
When you hear the words “Bitcoin mining,” you might picture giant warehouses packed with whirring computers, gobbling up electricity like there’s no tomorrow. That image isn’t far from reality.
Since Bitcoin launched in 2009, its proof-of-work (PoW) system has been both its greatest strength and its biggest…
