by Graham Palmer | Apr 29, 2018 | Bitcoin, Energy
The recessionary impact of bitcoin energy consumption Much commentary has been devoted to bitcoin’s unsustainable proof-of-work algorithm that requires the consumption of a vast quantity of electricity. By some estimates, by February 2020 Bitcoin will use as much...
by Graham Palmer | Apr 28, 2018 | Energy, Energy efficiency
A biophysical perspective of economic growth in Australia In my last post, I introduced the biophysical interpretation of the economy by augmenting the standard circular flow model with energy. In this interpretation, energy is only partially substitutable with...
by Graham Palmer | Apr 16, 2018 | Energy, EROI, Maximum power principle
A biophysical perspective of IPCC integrated models Analysis of the costs and benefits of climate mitigation involve extrapolation into the future. However, the long time horizons of interest extend well beyond the range of standard economic-development scenarios. In...
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