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Calculating energy costs of a given blockchain
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Hello Lazyweb!

Usually, environmental arguments around Bitcoin, Ethereum, and other blockchains come down to text-bites like, “BTC is incinerating the planet” vs “the eco impact is being overstated.”

Do you know of a solid, verifiable mechanism for calculating the actual energy costs of a given transaction on a given blockchain?

I just want to be armed with good information when I argue with my friends and colleagues, and I’m not an environmental scientist.

Something along the lines of, “BTC block 717402 cost 1500kW to produce and here’s how you can calculate that given difficulty and power requirements of XYZ…”

I also realize there are a ton of variables in play, not all power sources are the same, etc etc etc. But I want to venture out of hand-waving territory.

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3 years ago