Labour intensive

Without wishing to invoke Betteridge’s law of headlines, is Bitcoin a bubble? For an essential primer, John Lanchester’s LRB story on the currency last year is the gold standard. But for an even more alarmist headline, this time without a qualifying question mark: Bitcoin could cost us our clean-energy future. ‘Today, each bitcoin transaction requires the same amount of energy used to power nine homes in the U.S. for one day.’ Check the Bitcoin Energy Consumption Index for more stats. At the time of writing, the carbon footprint per transaction, in kg of C02, is calculated as 122.14kg. This is an issue that people have been writing about for years: Virtual Bitcoin Mining Is a Real-World Environmental Disaster / lighter things. Music by Ulrika Spacek / pedals by Acid Fuzz / recommendations for weird online fiction.

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