Journal
SUSTAINABILITY
Volume 12, Issue 1, Pages -Publisher
MDPI
DOI: 10.3390/su12010169
Keywords
cryptocurrency mining; blockchain; smart city; sustainability; energy; bitcoin
Funding
- Faculty of Informatics and Management, University of Hradec Kralove
- Slovak VEGA grant agency [1/0626/19]
- Universiti Teknologi Malaysia (UTM) [20H04]
- Malaysia Research University Network (MRUN) [4L876]
- Fundamental Research Grant Scheme (FRGS) under Ministry of Education Malaysia [5F073]
Ask authors/readers for more resources
Next to climate change on the list of challenges faced by humankind in today's technological age is energy management. While smart ideas continue to gather momentum as some of the ways earmarked to combat the menace of a changing climate, coupled with efficient management of energy, research and development in the blockchain is not retracting, recently giving rise to digital currencies capable of fueling massive energy consumption via mining of crypto-coins. Given that sustainability is a crucial goal in the design of smart cities nowadays, there are currently no assurances of sustainable cities where cryptocurrency mining is at full scale. Nevertheless, alternative energy sources may come to the rescue in no distant time. In this paper, we contextualize energy-use in smart cities through mining of virtual currencies, in order to predict whether or not smart cities can truly be sustainable if crypto-mining is sustained. An attempt is also made to emphasize the possible ways of reducing energy use and all activities involving digital currencies by seeking to replace Proof of Work (PoW) with improved alternatives.
Authors
I am an author on this paper
Click your name to claim this paper and add it to your profile.
Reviews
Recommended
No Data Available