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.
- Language
-
Englisch
- Bibliographic citation
-
Series: CESifo Working Paper ; No. 9973
- Classification
-
Wirtschaft
Energy: Other
Alternative Energy Sources
Energy: Demand and Supply; Prices
- Subject
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cryptocurrency
electricity markets
renewable energy
Bitcoin
- Event
-
Geistige Schöpfung
- (who)
-
Bruno, August
Weber, Paige
Yates, Andrew J.
- Event
-
Veröffentlichung
- (who)
-
Center for Economic Studies and ifo Institute (CESifo)
- (where)
-
Munich
- (when)
-
2022
- Handle
- Last update
-
10.03.2025, 11:42 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Bruno, August
- Weber, Paige
- Yates, Andrew J.
- Center for Economic Studies and ifo Institute (CESifo)
Time of origin
- 2022
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