Against many challenges, Bitcoin, the worlds first true cryptocurrency has survived for over a decade. With What Bitcoin Did, host Peter McCormack talks to experts in the world of Bitcoin. From developers to investors, journalists to Bitcoin company CEOs, you will learn about everything that is happening in the world of Bitcoin.Read more »
Against many challenges, Bitcoin, the worlds first true cryptocurrency has survived for over a decade. With What Bitcoin Did, host Peter McCormack talks to experts in the world of Bitcoin. From developers to investors, journalists to Bitcoin company CEOs, you will learn about everything that is happening in the world of Bitcoin.Read Less
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Interview Location: SkypeInterview Date: Monday 8th July, 2019Company: University of Cambridge Judge Business SchoolRole: Cryptocurrency & Blockchain Lead
One of the most commonly used anti-Bitcoin narratives is energy consumption. Often the mainstream press will compare the energy required to secure the network to that of a small country. Many will defend this with facts about energy consumption or compare the energy used for Bitcoin to other industries. How accurate is the data used to justify securing the Bitcoin Network?
Michel Rauchs from the University of Cambridge Judge Business School, recently released The Bitcoin Electricity Consumption Index to address this issue and try and put Bitcoin’s power consumption into perspective. We discussed:
Whether Bitcoin needs to be inefficient to work.
If holding Bitcoin is using Bitcoin.
What is Bitcoin’s carbon footprint and is it a concern?
How much of Bitcoin’s mining power is renewable?
If Bitcoin were to reach $1,000,000 would mining use all the available power on earth?
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Mentioned in the interview:
Cambridge Bitcoin Electricity Consumption Index
Alex de Vries Bitcoin Energy Consumption Index
Mark Bevand’s Electricity consumption of Bitcoin - Blog Post
Coinshare’s Bitcoin Mining Using Renewable Energy Report
Dan Held - PoW is Efficient
Other relevant WBD podcasts:
WBD116: The Quantum Threat to Bitcoin with Quantum Physicist Dr. Stepan Snigirev
WBD109: Luke Dashjr on 300k Blocks and Full Nodes
WBD089: Critiquing Bitcoin with Angela Walch
WBD074: How Bitcoin Works with Matt Corallo
WBD052: Nathaniel Whittemore on Crypto Narratives and the Ills of Modern Advertising
WBD043: Dan Held on Bitcoin's Immaculate Conception
WBD037: Jimmy Song on the Game Theory of Bitcoin Attacks and why Proof of Work Needs to be Expensive
A big thanks to my WBD Maximalist Patrons for helping support the show: JP Petit, Logan Shultz, Seb Walhain, Steve Foster, Tony, Gordon Gould, David Burlington, Jesse Powell, Bitcoin Tina, BitHyve and Wiel Menger.