Cambridge Bitcoin Electricity Consumption Index - does Bitcoin boil the oceans?
I'm happy to announce the release of the
Cambridge Bitcoin Electricity Consumption Index (CBECI)
by the Centre for Alternative Finance, Cambridge Judge Business School.
Cambridge Bitcoin Electricity Consumption Index (CBECI)
by the Centre for Alternative Finance, Cambridge Judge Business School.
The index provides a real-time estimate of the total annual electricity usage of the Bitcoin network. The index has been developed in response to growing concerns over the sustainability and environmental impact of Bitcoin mining:
The website features a Comparisons section to help visitors independently assess the relative magnitude of Bitcoins electricity usage. The Model is reviewed and transparently updated on an ongoing basis. The CBECI is a collaborative project that is open to feedback, suggestions, and constructive criticism. To help refine the analysis, we would be interested in getting your insights on the followings:
1) How much do you pay for electricity (USD / kWh)? From your experience within the industry, what do you think is the average price paid by miners?
2) Beyond marketing figures, what is the true efficiency of mining equipment (please see and leave comments on this spreadsheet)
3) How do you estimate the Power Usage Effectiveness of your data centre?
4) For data centres in your region, what electricity sources are being used and in what proportion?
Looking forward to your feedback!