Arbeitspapier
Can Bitcoin Mining Increase Renewable Electricity Capacity?
Proponents of Bitcoin argue that demand for electricity from Bitcoin miners can lead to an increase in renewable electricity capacity. We rigorously evaluate this claim by estimating a Bitcoin electricity demand curve and include this demand curve in a long-run model of the Texas electricity market. We find that while Bitcoin mining can indeed increase renewable capacity, it also increases carbon emissions. When Bitcoin miners provide grid management services in the form of demand response, their emissions impact is largely mitigated.
- Sprache
-
Englisch
- Erschienen in
-
Series: CESifo Working Paper ; No. 9973
- Klassifikation
-
Wirtschaft
Energy: Other
Alternative Energy Sources
Energy: Demand and Supply; Prices
- Thema
-
cryptocurrency
electricity markets
renewable energy
Bitcoin
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Bruno, August
Weber, Paige
Yates, Andrew J.
- Ereignis
-
Veröffentlichung
- (wer)
-
Center for Economic Studies and ifo Institute (CESifo)
- (wo)
-
Munich
- (wann)
-
2022
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Bruno, August
- Weber, Paige
- Yates, Andrew J.
- Center for Economic Studies and ifo Institute (CESifo)
Entstanden
- 2022
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