The changing dynamics of crypto mining and environmental impact

【Author】 Kumari, Pooja; Mamidala, Vasanthi; Chavali, Kavita; Behl, Abhishek

【Source】INTERNATIONAL REVIEW OF ECONOMICS & FINANCE

【影响因子】3.399

【Abstract】This study investigates the association between energy consumption in Bitcoin mining and energy indices. The study also examines the moderating effect of COVID-19 on the relationships between energy consumption in Bitcoin mining and energy indices. We applied vector autoregression and vector error correction models. Before COVID-19, the relationship between Bitcoin mining and the clean energy index was significant. However, after the pandemic, this relation was found to be less significant compared to Bitcoin mining and the dirty energy index association. The findings help investors and policymakers to understand the environmental impact of Bitcoin mining.

【Keywords】Bitcoin; Energy consumption; Energy indices; Vector autoregression; Vector error correction model

【发表时间】2024 JAN

【收录时间】2023-10-10

【文献类型】实验仿真

【主题类别】

区块链治理-市场治理-数字货币