Cryptos Energy Consumption Index
Research and Data Visualization
JUNE 2022
This DataViz reports the "Bitcoin and Ethereum Consumption Index" referred to 22/06/2022 and provided by Digiconomist, a web platform dedicated to analyzing the economic consequences of new digital trends. Digiconomist is curated by Alex de Vries Global a well-rounded professional in FinTech and the FS sector and a specialist in Bitcoin and blockchain.
To make more environmentally-conscious cryptos users it is important to raise awareness on the unsustainability of the proof-of-work algorithm. Bitcoin's miners are consuming a huge amount of energy, moreover, the energy used is primarly sourced from fossil fuels.
Resolving energy expenditure without sacrificing security and decentralization has been a focus of research for years.
Until this will happen we must choose more sustainable cryptocurrencies.
Source: digiconomist.com / statista.com