Nicholas Stifter presents paper at RAID 2018
Yesterday, Nicholas Stifter presented their paper:
Johanna Ullrich, Nicholas Stifter, Aljosha Judmayer, Adrian Dabrowski and Edgar Weippl, “Proof-of-Blackouts? How Proof-of-Work Cryptocurrencies Could Affect Power Grids” at RAID 2018 in Heraklion, Crete
The paper analyzes the potential impact cryptocurrency mining and its large power consumption could have on the reliable operation of synchronous power grids. For this, estimates of both the worldwide power consumption of Bitcoin and Ethereum, as well as their power consumption in different European power grids, are presented and discussed.