Bitcoin and its Energy Footprint

Bitcoin and it's energy consumption:
Difficult since the beginning of the year not to fall on a newspaper article announcing that the Bitcoin network is an ecological disaster due to its high energy consumption. We will soon learn by Olivier Klein that Bitcoin miners are responsible for the non respect of the Kyoto protocol.

The Bitcoin network uses a large amount of energy. However, does a technology that consumes energy necessarily have a high carbon footprint?

After analyzing the mining sector and the energy sector, this argument does not hold if we take into account the rapid adoption of renewable energies by miners. Better yet, Bitcoin contributes to the development of alternative energy solutions, particularly hydroelectricity.

About the author:

Jean-Christophe Busnel graduated from a business school. He worked for three years in the banking sector and now works as a business analyst and business developer in the cryptocurrency field.
Ecologically engaged, he decided to carry out a study on the energy borrowing of Bitcoin in order to know the true and the false on this subject. He now decides to share his study with the general public.