Top all-time · #7516
CoinShares Research Blog
Company blog · coinshares.com/researcheconomicsbusiness
CoinShares Research Blog is the company blog at coinshares.com, writing about economics and business. Since 2021, 11 different Hacker News readers have linked it 13 times. It is still writing: the last post was on 2026-06-19, and you can follow it by feed.
Too few sampled comments (10) to say how often HN recommends it.?
Why HN links it
HN readers link CoinShares research posts as sources on Bitcoin mining's energy mix, mainly to argue that most mining runs on renewable power. Most links are cited as evidence rather than judged.
Summarised by Claude from a sample of 10 HN comments that link here. Each comment is marked recommending, critical or neutral (citing without judging); how this works.
We are CoinShares, the leading European asset manager specializing in digital assets. We pioneer innovative financial products and services that provide investors with trust and transparency.
Most-linked posts?
- /assets/resources/Research/bitcoin-mining-network-december-2019.pdf2 people · 3 mentions · first linked 2021-01-22
- /research/bitcoin-mining-network-december-20192 people · 2 mentions · first linked 2021-02-08
- /insights/beware-of-lazy-research-bitcoin-mining-update2 people · 2 mentions · first linked 2021-02-27
What Hacker News says?
According to this report, Bitcoin mining is fueled by renewables: https://coinshares.com/research/bitcoin-mining-network-decem...
Comment linking /research/bitcoin-mining-network-december-2019
on “Cambridge Bitcoin Electricity Consumption Index”Submitted Taproot: Bitcoin's Major Protocol Upgrade as a story · 2 points
HN discussionThat really isn't how most grids work. There are large times where prices are now negative because of oversupply of renewables. Mining by it's nature has energy as its largest input cost, so it chases lower and more efficient sources of energy which are largely renewable energy Further, good renewable sources are often poorly located for electricity distribution. You have situations where the power wouldn't otherwis…
Comment linking /research/bitcoin-mining-network-december-2019
on “Tesla buys $1.5B in Bitcoin, may accept it as payment in the future”Submitted QE Dystopia and Corporate Bitcoin Adoption as a story · 2 points
HN discussionCoinShares research shows at least 78% of Bitcoin mining uses renewable energy! Making Bitcoin mining greener than almost every other large-scale industry in the world. (In addition to this, the energy is not "wasted") https://coinshares.com/research/bitcoin-mining-network-decem...
Comment linking /research/bitcoin-mining-network-december-2019
on “Tesla buys $1.5B in Bitcoin, may accept it as payment in the future”Submitted Lightning: Bitcoin’s High Speed Transmission Protocol as a story · 1 points
HN discussion> major ecological harm This is _really_ debatable. By most measures, the vast majority of Bitcoin mining is done via renewables: https://www.iea.org/commentaries/bitcoin-energy-use-mined-th... "Around 60% to 70% of bitcoin is currently mined in China, where more than two-thirds of electricity generation comes from coal. But bitcoin mining facilities are concentrated in remote areas of China with rich hydro or wind…
Comment linking /assets/resources/Research/bitcoin-mining-network-december-2019.pdf
on “Coinbase S-1”This is an area people should remain vigilante about. Although most bitcoin mining uses renewable energy[1][2] or reduces pollution from flaring sites by actually using the to-be-flared gas onsite, without vigilance that won't remain the case, especially if state actors begin competing. [1] https://www.jbs.cam.ac.uk/faculty-research/centres/alternati... a Cambridge study which corroborates and reached the same concl…
Comment linking /research/bitcoin-mining-network-june-2019
on “Bitcoin miners are buying power plants”While I'm optimistic on PoS and excited about Ethereum adopting it, I think Bitcoin and PoW are being unjustly demonized and the issue is far more complex than what meets the eye. I found this analysis insightful: https://coinshares.com/insights/beware-of-lazy-research-bitc... Also this Twitter thread (12 tweets) and all the articles linked inside it: https://twitter.com/yassineARK/status/1360343401627979778
Comment linking /insights/beware-of-lazy-research-bitcoin-mining-update
on “Mining Ethereum on M1 Mac GPU”> If I'm following this right, the only evidence for Bitcoin being mostly based on renewable energy is because people believe it's uneconomical to not be renewable, and not based on any actual attempt to figure out what energy types are actually being used by large mining groups? Nope, sounds like you didn't look at the references I linked at all. If you want to follow something right, try reading the references, or…
Comment linking /insights/beware-of-lazy-research-bitcoin-mining-update
on “Why gold and Bitcoin are popular”While true, mining seems more analogous to high frequency trading where the most profitable mining operations seek to eke out every single advantage they possibly can in the unit economics to maximize profit. If energy is an input and money/profit is the output, then the mining market would obviously seek out the cheapest energy, which happens to be wind and solar. Intuitively, it's far more profitable to operate AS…
Comment linking /assets/resources/Research/bitcoin-mining-network-december-2019.pdf
on “Bitcoin powers towards $50K as Tesla takes it mainstream”You really shouldn't trust articles that use metrics like CO2/tx or that claim to have "proven" Bitcoin's environmental impact. At the same time you shouldn't use such a "proof" as an excuse to dismiss conflicting information. Bitcoin mining is a very competitive field. Information about the actual energy mix and location of miners are guarded secrets. Researchers are thus using models to estimate these holes. Estim…
Comment linking /assets/resources/Research/bitcoin-mining-network-december-2019.pdf
on “Turn off that camera during virtual meetings, environmental study says”> Here is the latest study we have from 2019 [0] that states its 74% renewable I may be slightly confused here about the term "renewable penetration" in the original report cited by your article[1]. They don't define what it actually means (maybe bad practice or maybe I'm just an outsider) and to me it feels like it means how many people on the grid have access to renewable power, not how much of the actual power be…
Comment linking /assets/resources/Research/bitcoin-mining-network-june-2019-fidelity-foreword.pdf
on “Is Bitcoin Worth $1M?”