# Does Crypto Kill? Relationship between Electricity Consumption Carbon Footprints and Bitcoin Transactions

arXiv: https://arxiv.org/abs/2206.03227 · HTML: https://mlsanity.com/paper/2206.03227/

## Key facts

- No citing papers in the map yet (data through 14 Oct 2026).
- Builds on 0 of its 5 references that are in the map.
- First posted on arXiv 16 May 2022.

## Abstract (arXiv)

Cryptocurrencies are gaining more popularity due to their security, making counterfeits impossible. However, these digital currencies have been criticized for creating a large carbon footprint due to their algorithmic complexity and decentralized system design for proof of work and mining. We hypothesize that the carbon footprint of cryptocurrency transactions has a higher dependency on carbon-rich fuel sources than green or renewable fuel sources. We provide a machine learning framework to model such transactions and correlate them with the electricity generation patterns to estimate and analyze their carbon cost.