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Thursday, August 29 • 2:00pm - 2:50pm
Cryptocurrency Proof-of-Work Mining Energy Consumption

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Much ado has been made over the energy consumption of the bitcoin network and blockchain proof-of-work mining in general. However, many sources site a single economic calculation claiming how much energy network miners could “afford” to expend. This ignores on chain statistics that provide a more accurate physics based energy consumption estimation.

What will students learn?
In this session, you will participate in a hands-on calculation of real time network energy consumption. Together we will calculate the network energy consumption of both indirect and direct energy inputs into various distributed networks.

This course is appropriate for people new to the industry, professionals, aspiring and current blockchain developers who want to understand network energy consumption.

Prerequisite: none but we will be using the calculator on your device to do some math. Feel free to bring a traditional calculator if you like. 

avatar for Tyler Bain

Tyler Bain

Electrical Engineer, United Power, Inc
Tyler is a professional engineer in the state of Colorado who studied Engineering with an electrical specialty at the Colorado School of Mines. He has previously consulted mining firms, works as an electrical engineer for a local cooperative, and is an avid cryptocurrency miner. He... Read More →


Thursday August 29, 2019 2:00pm - 2:50pm MDT