How cryptocurrencies and NFTs ruin our climate

The last time (a few years ago) I heard about the energy consumption of Bitcoin mining it was tipped to use an energy equivalent in the range of Ireland to Austria. That was bad enough but I did not expect how cryptocurrencies and NFTs ruin our climate today. Now I stumbled across the latest statistics that the energy of the two biggest cryptocurrencies, Bitcoin and Ethereum, have an energy consumption ranging between Italy and the UK!

         Energy Consumption by Country including Bitcoin & Ethereum

In other words, a single Bitcoin transaction uses up as much energy an average US household would over 73,82 days! Or it would equate to 1,451,245 VISA transactions!

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26. January 2022 Blog No Comments on How cryptocurrencies and NFTs ruin our climate

Virtual drupa – day three

22nd of April is Earth Day – and it is virtual drupa day three 2021. Still there were 57 vendor or conference presentations to choose from. Again, I listened in into about a dozen, with a few more briefly looked at.

As Earth Day is an annual event on April 22 to demonstrate support for environmental protection it is no surprise that one of the drupa main conference topics today was sustainability – or in the words of drupa “circular economy”. The other theme of the “connected consumer” was less visible – I guess since all attendees were connected this counts as well.

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22. April 2021 Blog 2 Comments on Virtual drupa – day three