The Unreasonable Ecological Cost of #CryptoArt (Part 2)

Update — Sep 2022

Update — Dec 2021

Additional notes

China’s mining distribution (for BTC) in Sep 2020. Note Sichuan (Hydro) is leading. [14]
China’s mining distribution (for BTC) in Apr 2020. Note Xinjiang (Coal) is leading. [14]

Introduction

Background: how is the footprint calculated?

Footprint per unit of Gas

Footprint per transaction type

Calculating footprint of NFTs

Footprint per average NFT

Footprint per average transaction relating to a NFT

NFT Statistics

http://cryptoart.wtf/#list=nfts

Energy consumption per NFT

Carbon emissions per NFT

NFT Age (time since being minted)

Number of transactions per NFT

Artist Statistics

http://cryptoart.wtf/#list=artists

Number of NFTs minted per artist

Energy consumption per artist

Carbon emissions per artist

Carbon emissions per artist

Artist Age (time since joining platform)

Income and revenue distributions

NFT primary sales

NFT secondary sales (10% goes to the artist)

Total revenue per NFT (including primary and 10% secondary sales)

Artist primary sales

Artist secondary sales (10% goes to the artist)

Total income per artist (including primary and 10% secondary sales)

Final thoughts

Footnotes

References

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Memo Akten

computational ar̹͒ti͙̕s̼͒t engineer curious philomath; nature ∩ science ∩ tech ∩ ritual; spirituality ∩ arithmetic; PhD AI×expressive human-machine interaction;