Analyzing Bitcoin's Energy Costs: A Comparative Study

Location: Miami Date: Monday 7th June Project: Griid Infrastructure Role: WP of Strategy

Bitcoin mining has been subjected to a considerable amount of criticism over recent years, but the number of articles disseminating misinformation has exploded over the last few months. 

Almost every mainstream media outlet has shared ill-researched hit pieces, and several hugely influential figures, from Elon Musk to Elizabeth Warren, have publicly questioned its energy usage. 

While the conversation about Bitcoins energy usage is worthwhile, almost all of the criticisms come from a misunderstanding of Bitcoin and the energy sector. However, the reach of these articles is widespread and potentially damaging. 

To address this FUD, I talk to Harry Sudock, the Vice President of Strategy at Griid. We discuss the energy consumption of Bitcoin mining, energy generation & the power grid and the case for renewable energy.