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Crypto economy, first mentioned instarted shaping at the beginning ofafter Bitcoin network launch. Being a new phenomenon, Crypto economy causes both great enthusiasm and serious concerns related to its impact on the environment.

The amount of electricity consumed by Crypto economy is comparable to the annual consumption by such countries as Chile and Venezuela. Even though there are thousands of cryptocurrencies, bitcoin mining contribution to the overall consumption of electricity by the cryptocurrency industry is crucial.

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The carbon footprint model based on a third-party estimate of global electricity consumption by the industry and geographical distribution of mining facilities educated guess coming from the internet traffic distribution of mining bitcoin profit vox login pages. This approach allowed considering 8 out of top mining pools responsible for the majority of network hashrate.

The resulting carbon dioxide emissions taking bitcoin mining yearly electricity consumption equal Keywords: Crypto economy, bitcoin mining, electricity consumption, carbon footprint.

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Stoll C. The Carbon Footprint of Bitcoin. Szabo N. Bit Gold. Vranken H. Sustainability of bitcoin and blockchains. Current Opinion in Environmental Sustainability, bitcoin profit vox Zade M. Is Bitcoin the Only Problem?

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