Bitcoin is a real energy hog

Researchers from the Technical University of Munich and the Massachusetts Institute of Technology took a look at how much energy was consumed by computers used to generate bitcoins and process transactions. Their conclusion:

in late 2018, the entire bitcoin network was responsible for 22-22.9 million tons of CO2 per year — similar to a large Western city or an entire developing country like Sri Lanka. Total global emissions of the greenhouse gas from the burning of fossil fuels were about 37 billion tons last year.  The researchers said about 68% of the computing power used to generate, or mine, bitcoins is in Asia, 17% is in Europe and 15% is in North America. [Fortune/AP]

The whole study is worth reading. (link)

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The Cost of Lies

What is the cost of lies? It’s not that we will mistake them for the truth. The real danger is that, if we hear enough lies, then we no longer recognize the truth at all. What can we do then? What else is left but to abandon even the hope of truth and content ourselves instead with stories? In these stories, it doesn’t matter who the heroes are. All we want to know is who is to blame.

Those are the opening lines of Chernobyl, the much talked about HBO miniseries. Valery Legasov, the chief of the commission investigating the infamous nuclear disaster, utters them before committing suicide. Even after binging all of the first four episodes (the fifth and final one is on Monday, June 3rd), I couldn’t get those initial lines out of my mind. Continue reading “The Cost of Lies”

Ragnar Axelsson

Ragnar Axelsson, 59, is an Icelandic photographer who is well-known for chronicling the lives of subsistence hunters, fishermen, and farmers in the Arctic, the North Atlantic, Northern Scandinavia, and Siberia. Rax, as he is affectionately called, started photographing (professionally) at the age of 16 and joined Morgunblaðið, the leading Icelandic newspaper, two years later. He … Continue reading Ragnar Axelsson

In conversation w Outlier co-founder Abe Burmeister

And we are back on Pi.co, with my latest conversation with Abe Burmeister, co-founder, and CEO of New York-based technical/daily clothing brand, Outlier. During our hour-long conversation we touched on a variety of topics, from technical clothing, changing reality of fashion, impact of climate change on fashion and materials, bootstrapping his business and more importantly, why he does what he does. If you are a keen follower of technical clothing and interested in small businesses that eschew venture capital and figure out trends before others, then this is a conversation worth your time.

If you would like to skip reading, then here is the podcast version. 

Read article on Pi.co