Ethereum 2 delay costs 20ktCO2/day, same as 2-3 coal power plants

#1

Post by kcimc » Thu, Dec 02, 2021, 12:41 AM UTC

Ethereum 2 delay costs 20ktCO2/day, same as 2-3 coal power plants
kcimc.medium.com

Re: Ethereum 2 delay costs 20ktCO2/day, same as 2-3 coal power plants

#2

Post by kcimc » Thu, Dec 02, 2021, 12:53 AM UTC

Hi everyone :) This is from some new research I just published. You can read about the full methodology in this 22-page writeup[1] and I also made a tracker [2].

[1] https://github.com/kylemcdonald/ethereum-emissions/blob/main...

[2] https://kylemcdonald.github.io/ethereum-emissions/

Re: Ethereum 2 delay costs 20ktCO2/day, same as 2-3 coal power plants

#3

Post by dane-pgp » Thu, Dec 02, 2021, 1:44 AM UTC

Does that mean Ethereum could be made carbon neutral at a cost of $2m per day to buy $100 per tonne carbon offsets? I wonder if such a policy could be implemented at the protocol level.

Re: Ethereum 2 delay costs 20ktCO2/day, same as 2-3 coal power plants

#4

Post by kcimc » Thu, Dec 02, 2021, 2:18 AM UTC

dane-pgp wrote: post #3

Does that mean Ethereum could be made carbon neutral at a cost of $2m per day to buy $100 per tonne carbon offsets? I wonder if such a policy could be implemented at the protocol level.

Real change should come from a reduction first, then offsetting what you can't reduce (until you can). So, in theory, yes. And probably for much less even, because there is still a lot of lower-priced carbon credits/offsets that are totally valid.