Longship Maximalist. Selective phytophile. Wikipedia addict. Head of Research at @coinsharesco. Opinions are mine, not my employer's. No financial advice.
Dec 6, 2018 • 15 tweets • 8 min read
1/ Last week @CoinSharesCo released our latest report on #bitcoin mining along with a follow-up Medium post detailing some of the economic concepts that drive this industry. As promised, here's part two of my follow up - this post re: bitcoin's energy mix: medium.com/coinshares/bew…2/ Now that the "death spiral" argument has been thoroughly debunked by @arjunblj, @nic__carter, @matt_odell, @danheld and others (👉 medium.com/coinshares/an-…), I want to focus on the second body of our findings: those around bitcoin's energy use and the sources that power it.
If you read no further, we show that #bitcoin mining is predominantly powered by #renewables, with a lower bound of 78% renewables penetration vs the 18% global avg.
