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Bitcoin's energy consumption and social costs in relation to its capacity as a settlement layer
(2021)
Bitcoin runs on energy. The decentralized network’s amount of energy consumption has resulted in multifaceted discussions about its efficiency and environmental impact. To put Bitcoin’s energy consumption into perspective, we propose to relate (a) the energy consumption in TWh and (b) resulting social costs in the form of carbon emissions to the Dollar value settled on the Bitcoin network. Both metrics allow to relate and quantify the capacity of Bitcoin as a settlement layer to the network’s energy consumption and resulting carbon missions, or social costs. We find that in early 2021 Bitcoin (a) settles between $2,333 and $7,555 for each Dollar spent on energy and (b) that, on average, a Dollar settled on the Bitcoin blockchain causes in social costs between 0.007% and 0.01%, depending on the estimated energy consumption converted into the costs of carbon emissions. These results help to assess the efficiency, cost and sustainability of Bitcoin and may allow a comparison of Bitcoin with existing settlement base layers such as Fedwire or gold
We propose a method for edge detection in images with multiplicative noise based on Ant Colony System (ACS). To adapt the Ant Colony System algorithm to multiplicative noise, global pheromone matrix is computed by the Coefficient of Variation. We carried out a performance comparison of the edge detection Ant Colony System algorithm among several techniques, the best results were found in the gradient and the coefficient of variation.
Pulsed laser processing of vacuum component surfaces is a promising method for electron cloud mitigation in particle accelerators. By generating a hierarchically structured surface, the escape probability of secondary electrons is reduced. The choice of laser treatment parameters – such as laser power, scanning speed and line distance – has an influence on the resulting surface morphology as well as on its performance. The impact of processing parameters on the surface properties of copper is investigated by Secondary Electron Yield (SEY) measurements, Scanning Electron Microscopy (SEM), ablation depth measurements in an optical microscope and particle release analysis. Independent of the laser wavelength (532nm and 1064nm), it was found that the surface morphology changes when varying the processing parameters. The ablation depth increases and the SEY reduces with increasing laser fluence. The final application requires the capability to treat tens of meters of vacuum pipes. The limiting factors of this type of surface treatment for the applicability in particle accelerators are discussed.
Long-range tertiary interactions between RNA tetraloops and their receptors stabilize the folding of ribosomal RNA and support the maturation of the ribosome. Here, we use FRET-assisted structure prediction to develop a structural model of the GAAA tetraloop receptor (TLR) interaction and its dynamics. We build the docked TLR de novo, label the RNA in silico and compute FRET histograms based on MD simulations. The predicted mean FRET efficiency is remarkably consistent with single-molecule experiments of the docked tetraloop. This hybrid approach of experiment and simulation will promote the elucidation of dynamic RNA tertiary contacts and accelerate the discovery of novel RNA and RNA-protein interactions as potential future drug targets.
We demonstrate a thulium-based fiber amplifier delivering pulses tunable between <120fs and 2ps duration at up to 228 μJ of pulse energy at a center wavelength of 1940 nm and 500-kHz repetition rate. Due to the excellent long-term stability, this system proves the ability of this technology to be integrated into ultra-fast material processing machines.
Over the last two decades, the rapid advances in digitization methods put us on the fourth industrial era’s cusp. It is an era of connectivity and interactivity between various industrial processes that need a new, trusted environment to exchange and share information and data without relying on third parties. Blockchain technologies can provide such a trusted environment. This paper focuses on utilizing the blockchain with its characteristics to build machine-to-machine (M2M) communication and digital twin solutions. We propose a conceptual design for a system that uses smart contracts to construct digital twins for machines and products and executes manufacturing processes inside the blockchain. Our solution also employs the decentralized identifiers standard (DIDs) to provide self-sovereign digital identities for machines and products. To validate the approach and demonstrate its applicability, the paper presents an actual implementation of the proposed design to a simulated case study done with the help of Fischertechnik factory model.
Blockchain and other distributed ledger technologies are evolving into enabling infrastructures for innovative ICT-solutions. Numerous features, such as decentralization, programmability, and immutability of data, have led to a multitude of use cases that range from cryptocurrencies, tracking and tracing to automated business protocols or decentralized autonomous systems. For organizations that seek blockchain adoption, the overwhelming spectrum of potential application areas requires guidance reducing complexity and support the development of blockchain-based concepts. This paper introduces a classification approach to provide design and implementation guidance that goes beyond current textbook classifications. As an outcome, a typology for management and business architects is developed, before the paper concludes with an instantiation of existing use cases and a discussion of their classes.
Mapping identities, digital assets, and people’s profiles on the internet is getting much traction in the blockchain cosmos lately. The new technology is currently forming architectures that will further pave new ways to reach fundamental mechanisms to interact in a decentralized, user-centered manner. These schemes are often declared as the next generation of the web. Within the article will be shown, how the internet has evolved in managing identities, what problems arose, and how new data architectures help build applications on top of privacy rights. Both technological and ethical perspectives are viewed to answer which guidelines should be considered to fulfill the upcoming branch of decentralized services and what we can learn from historical schemes regarding their privacy, accounting, and user data.
The wind energy sector is undergoing digitalization processes that span multi-tier supply chains of turbine components and wind farm maintenance, amongst others. In an industrial use case that includes Siemens Gamesa Renewable Energy, Vestas and APQP4Wind, the processes of producing, fastening, and servicing bolts in turbines are mapped to a digital model. The model follows the lifetime of turbine bolts from the manufacturing phase, to fastening in turbines and maintenance, until their replacement and recycling. The development of the digital model is iteratively addressed in a design science research approach, as the authors actively contribute to the project. Distributed ledgers (DLs) support the notary documentation of the bolts and turbines, from their registration phase to the assembly-, technical service verification- and recycling phases. The immutable and decentralized nature of DLs secures the data against tampering and prevents any changes taken unilaterally by engaging the service stakeholders and component providers in a blockchain consortium.
In this paper, we designed, implemented, and tested a special surveillance camera system based on a combination of classical image processing algorithms. The system’s sub-objective consists of tracking experimental vehicles driving on a defined trajectories (Rail) in real time. Furthermore, it analyzes the scene to collect additional vehicles & rail-related information. The system then uses the gathered data to reach its main objective which confines oneself in independently predicting vehicles collision. Consequently, we propose a hybrid method of detecting and tracking ATLAS-vehicles efficiently. To detect the vehicle at the beginning of the video, periodically every n-frame, and in the case where the tracked vehicle has been lost, we used Histogram Back-Projection. By contrast, Kernelized correlation filter is used to track the detected vehicles. Combining these two methods provides one of the best trade-offs between accuracy and speed even on a single processing core. The proposed method achieves the best performance compared with three different approaches on a custom dataset.