Cryptocurrency Mining

Gandotra, Vikrant; Racicot, François-Éric; Rahimzadeh, Alireza

doi:10.1007/978-3-030-30738-7_3

Cited by 5 publications

(4 citation statements)

References 17 publications

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“…A hallmark characteristic of the nascent crypto-marketplace involves high price volatility which translates into frequent and wide-ranging price variations. 66 In effect, most cryptoassets typically witness dramatic upward and downward swings that take place over short time frames. 67 As such, the outsized volatility of cryptoassets most often outpaces that of traditional assets like gold and stocks, which usually have a steadier depreciation rate.…”

Section: Volatile Nature Of Cryptoassetsmentioning

confidence: 99%

Valuation of cryptoassets in EU insolvency: Challenges and prospects

Kostoula

2023

Intl Insolvency Rev

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How and when to determine the value of cryptoassets in insolvency proceedings? This question becomes more topical with the increasing adoption of volatile cryptoassets such as Bitcoin. As many of these assets do not have an ‘apparent’ value that may be readily ascertainable, it is not always clear how their value may be established. This presents significant challenges to their proper valuation in the context of insolvency proceedings and requires certain attention to efficiently confront the implications on the assessment of claims, the calculation of their value and the determination of the recoverable amount. Accordingly, this Article exposes the arising challenges and implications from an EU insolvency perspective, with the aim to trigger considerations for legislative interventions at EU level.

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Section: Volatile Nature Of Cryptoassetsmentioning

confidence: 99%

Valuation of cryptoassets in EU insolvency: Challenges and prospects

Kostoula

2023

Intl Insolvency Rev

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“…Nodes are rewarded after successfully validating new transactions. This process is called mining (Gandotra et al, 2019;Yli-Huumo et al, 2016).…”

Section: The Factors That Impact Ppeople's Opinion On Cryptocurrenciesmentioning

confidence: 99%

“…While there are numerous altcoins that can be mined, Bitcoin remains the most popular choice for cryptocurrency miners (Gandotra et al, 2019). Specialized hardware and software are being developed specifically for the purpose of mining Bitcoin (Shuaib et al, 2022).…”

Section: The Factors That Impact Ppeople's Opinion On Cryptocurrenciesmentioning

confidence: 99%

Can Cryptocurrencies Be Feasibly Adopted as a National Currency? The Perspective of the Younger Generation

Eisenbardt,

Eisenbardt

2023

ERSJ

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Purpose:The aim of the paper is twofold. First, it is a presentation the cryptocurrencies as an interdisciplinary issue, however raising justified concerns. Second, it is the analysis of the opinion of the young generation on the possibility of converting their national currency into cryptocurrencies. Design/methodology/approach: The survey questionnaire was used and data collected from 778 university students were statistically analyzed. The survey was conducted in Poland, a country the cryptocurrencies are treated quite neutrally, they are not banned, and at the same time, they are not a full-fledged means of payment. The opinions of Poland-based students about the possibility of cryptocurrencies adaptation as a national currency considering their experience with cryptocurrencies were taken into consideration. Findings: The results showed that only 17% of students see the possibility of cryptocurrency adaptation as a national currency whereas most of them were opposed to that idea. Significant differences were found between students who had and not had experience with cryptocurrencies and their opinions on such variables as access to cryptocurrency wallets, using cryptocurrencies as a means of payment, and willingness for undertaking activities aimed at cryptocurrencies. However, there were no differences for such variables as cryptocurrency mining as well as the period students learnt about cryptocurrencies. Generally, students who have already had experience with cryptocurrencies rated higher the possibility of cryptocurrency adaptation as a national currency and saw more chances for a such adaptation. Practical implications: The majority of students found it difficult to assess cryptocurrencies and their further development. The presumed adaptation of the cryptocurrencies can encounter two main problems, i.e., (1) there is a large group of people that have no experience with cryptocurrencies and are not interested in them, (2) the opinion and evaluation of cryptocurrencies vary significantly considering people's experience even though only younger generation were analyzed, i.e. people for whom newest technologies and solution are an inseparable part of their lives and thus they are more eager to use them. It can be assumed that for older generations these problems can act as a major limitation and barrier and thus to hinder cryptocurrency adaptation. Originality/value: This study is the first attempt to empirically test the young generation's opinion on the potential adaptation of cryptocurrencies as national currencies. The study results enrich the literature by analyzing cryptocurrencies as a phenomenon rather than an economic variable through the lens of the young generation's opinion.

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“…This equipment also varies depending on the amount of activity to be performed [34] . In the early days of the advent of bitcoin, the first digital currency (mining mainly with processors) (CPU) was made, or ordinary computers at home could be profitable for the miner [35] . You also need the Internet to extract digital currency (mining) [36] .…”

Section: Introductionmentioning

confidence: 99%

Life cycle assessment of Bitcoin mining in the top ten miner countries

Zahedi,

Aslani,

Seraji

2023

I-ES

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An unprecedented emergence has occurred for the cryptocurrencies among enterprises, customers, and investors as a result of the growing number of internet connections worldwide. The most popular cryptocurrency is Bitcoin representing the rise of digital payment systems. Though, harsh criticism has been also created for cryptocurrencies about their environmental sustainability and power consumption, decelerating the acceptance of bitcoin by consumer as a means of payment. The ecological impact or footprint of a process is determined mainly through life-cycle-assessment (LCA) quantifying all material flows’ inputs and outputs for a process or product and their effect on the environment. This study provides LCA-based framework to show the environmental impacts of Bitcoin mining from top ten miner countries (China, USA, Kazakhstan, Russia, Iran, Malaysia, Canada, Germany, Ireland, Norway). The results show that with the share of 53.3% of the world’s mining, China has the most negative environmental impact specially in marine ecotoxicity with 26.8 kg 1,4-DCB and human health with 0.0043 DALY but with the equal mining ratio Germany and Kazakhstan have the most negative environmental impacts.

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Cryptocurrency Mining

Cited by 5 publications

References 17 publications

Valuation of cryptoassets in EU insolvency: Challenges and prospects

Valuation of cryptoassets in EU insolvency: Challenges and prospects

Can Cryptocurrencies Be Feasibly Adopted as a National Currency? The Perspective of the Younger Generation

Life cycle assessment of Bitcoin mining in the top ten miner countries

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