000			nam a22 4500
999			_c33112 _d33112
008			240319b xxu||||| |||| 00| 0 eng d
020			_a9783031091377
082			_a332.178 _bREA
100			_aRead, Colin L
245			_aBitcoin dilemma : weighing the economic and environmental costs and benefits
260			_bSpringer, _c2022 _aCham :
300			_axxi, 329 p. ; _bill., _c24 cm
365			_b39.99 _c€ _d93.50
504			_aIncludes bibliographical references and index.
520			_aThere are few innovations that have the potential to revolutionize commerce and have evolved so quickly that there remain significant misunderstandings about their operation, opportunity, and challenges as has Bitcoin in the dozen years since its invention. The potential for banking, transacting, and public recording of important records is profound, but can be displacing if not done with appropriate care, and is downright dangerous if certain pitfalls are not noted and avoided. Among other things, this book proves the existence of a Bitcoin dilemma that challenges the conventional wisdom which mistakenly asserts the incredibly intensive energy consumption in Proof-of-Work cryptocurrency mining will be remedied by more efficient mining machines or sustainable power sources. It shows for the first time within a well-specified economic model of Bitcoin mining that the recent runup in electricity consumption has a simple and inevitable explanation.
650			_aBitcoin
650			_aCryptocurrencies
650			_aEconomic aspects
942			_2ddc _cBK