On The Brink with Castle Island

Hass McCook on Bitcoin's energy use in context (EP.216)


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Hass McCook is a civil engineer who has been delivering estimates of Bitcoin's energy use and CO2 emissions since 2014, as well as alternatives like gold or finance. In this episode: 

  • Hass's background in civil engineering and how it prepared him for the energy debate
  • The conflation between energy generation and electricity generation
  • Why you can't just generalize energy consumption to carbon emissions
  • Hass breaks down the varying carbon intensities of different sources of generation
  • How much energy goes to waste globally
  • The difference between CO2 and CO2e / greenhouse gases
  • Why today's US grid has lowered its carbon intensity over the last decade
  • Why combusting methane is a net good from an emissions perspective
  • Hass' level of optimism around flared gas mining
  • Why the changing rate of ASIC innovation affects bitcoin's energy consumption
  • The opportunity for stranded gas at landfills
  • Hass' estimates of the gold and the financial system's energy footprints
  • How gold mining actually works
  • The ecological and human cost of gold mining
  • Hass' thoughts on offsets

Sponsor notes:

Copper is transforming how institutional investors engage with digital assets by developing award-winning custody and next-gen trading infrastructure. Headquartered in London, the firm is scaling rapidly across Asia and North America to bring its suite of products to a wider pool of institutional investors. To learn more visit copper.co or reach out on Twitter, @CopperHQ

Aave is a decentralized, open source, and non-custodial protocol where users can deposits and borrow digital assets, and earn interest on those assets. Head over to aave.com to experience and learn more about DeFi.

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On The Brink with Castle IslandBy Castle Island Ventures

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