The search for a more efficient Bitcoin
The search for a more efficient Bitcoin
As the world looks to conserve, cryptocurrency mining continues to consume energy at an astronomical rate. Might we already have the answer for a more efficient blockchain? Download our report to view our findings.
Blockchain and digital currencies have captivated journalists, evangelists, and critics for the better part of a decade. Their transformative potential notwithstanding, many are concerned about the immense power demands to run blockchain networks and whether they can truly be part of a green and sustainable future.
This gave rise to an important question: Might there already be a more efficient blockchain implementation? MNP decided to investigate.
Our team leveraged work from several existing frameworks as well as industry experts to determine the electricity consumption of Bitcoin Core (“BTC”), Bitcoin Cash (“BCH”), and BitcoinSV (“BSV”). We also validated our energy consumption model with real-world data from cryptocurrency miners.
After running the numbers it’s clear: There is a more energy efficient Bitcoin implementation. We’ve compiled our findings in our whitepaper, The search for a more efficient Bitcoin.
Insights
-
Confidence
March 27, 2025
How can wildfire risk modelling help protect your business?
Increasingly frequent and severe wildfires pose a significant risk to Canadian businesses. What steps can you take to mitigate risks and enhance resilience?
-
Performance
March 25, 2025
2025 Quebec Budget Highlights
View a summary of MNP’s highlights from the 2025 Quebec Budget.
-
Performance
March 24, 2025
Strengthening your election process: Avoiding pitfalls and building trust
Poor election planning can lead to disputes and lost trust. Learn key strategies to improve transparency, ensure fairness, and safeguard your next vote.
