Wednesday, April 24, 2024

Alex de Vries

by Hideo Nakamura
Alex de Vries

Alex de Vries is a Dutch economist and blockchain enthusiast who has become well-known for his work on Bitcoin energy consumption. He founded the website Digiconomist, which provides detailed analysis of cryptocurrency networks such as Bitcoin and Ethereum in terms of their economic impact, particularly with regard to electricity usage.

De Vries’ research focuses primarily on understanding how much energy is consumed by cryptocurrencies when they are mined or used to make transactions. His studies have provided insight into the carbon footprint associated with digital currencies, including both direct emissions from miners’ activities, such as burning fossil fuels like coal and natural gas, as well as indirect effects caused by the purchase of hardware needed for mining operations. De Vries also created a tool called “Bitcoin Energy Consumption Index” (BECI), which tracks global bitcoin network power consumption in real time; this allows users to track changes in energy demand over time.

In 2017 he coauthored an article titled “Bitcoin’s Growing Energy Problem” that was featured prominently in Nature Climate Change magazine – one of science’s most influential publications – making him highly visible within crypto circles at large due to its prominent coverage worldwide. This led him to be invited onto various panels related to blockchain technology and sustainability efforts around it throughout 2019–2020 period where he continued advocating for greater transparency regarding environmental impacts from cryptocurrencies before governments or other regulatory bodies were willing take notice or act upon it yet himself being already ahead of them by providing critical data points beforehand through Digiconomist platform itself becoming seen more widely recognized expert whose opinion matters greatly despite not being officially affiliated with any particular project/organization nor having formal education background but still able prove worth purely based off his own self-taught knowledge & experience combined together indeed!

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