Crypto Carbon Footprint Calculator

Calculate & offset emissions from your cryptocurrencies

5 followers

Calculate & offset emissions from your cryptocurrencies

5 followers

Cryptocurrencies produce a substantial carbon footprint. Canopi enables anyone to measure and eliminate those emissions. The calculator is powered by our Climate API, which is also helping companies across fintech, e-commerce, transportation, & travel.

Crypto Carbon Footprint Calculator gallery image

Free

Launch tags:API•Climate Tech•Web3

Launch Team

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Promoted

Solutions: The Game

Really glad you're making this. We've been having a lot of discussions about crypto's impact at workonclimate.org

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5yr ago

Crypto Carbon Footprint Calculator

Maker

@supersam Thanks Sam! We're part of the community too and its been an important source of inspiration and advice. Looking forward to making it even better with your support

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5yr ago

Crypto Carbon Footprint Calculator

Maker

Hey PH community! Thanks for hunting us @katmanalac! We're super excited to share Canopi's Crypto Carbon Footprint Calculator with everyone today. @tn_ssc and I were roommates back in boarding school, so we go way back. We worked on an ed-tech startup for a while, but our conversations kept coming back to how climate change is already harming our countries. That's why we decided to build scalable solutions to combat global warming. @tn_ssc had built a crypto trading bot that works across various exchanges, so we started looking into the environmental impact of cryptocurrencies. Then Elon Musk tweeted about bitcoin's sustainability problem... and the price fell by 30%. The debate became really heated, and nuance was thrown out the window. We want to bring the conversation back to the data. After months of research, we've come to the conclusion that crypto's environmental footprint is significant. Sure, it's smaller than the emissions produced by other industries, but it is large enough (like the city of London) that eliminating it will make a difference. Our Crypto Carbon Footprint Calculator measures how much CO2 is produced by holding or using cryptocurrencies, and allows you to compensate it through high-quality offsets. We've tried to make it easy to use, so you can input either your crypto address or how many coins you own. Anyone can use the calculator for free. If you're a developer or need a more flexible solution (for crypto exchanges, NFT auction houses, or institutional investors), check out Canopi's Climate API. Our Climate API also measures emissions based on financial transactions and activities (flights, rides, etc.). We're working with companies across crypto, fintech, transportation, e-commerce shops, and SaaS to build a climate-positive world. We'd love your help in spreading the word. We just started working on this a few months ago, so we don't have everything figured out. Check out our calculator and API docs (https://canopi.cash/apidocs), and send us your feedback so we can make it even better.

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5yr ago

Rutter

Maker

Hi all! Thrilled to be sharing the Crypto Carbon Footprint Calculator with all of you. It's still a work in progress, but we believe it is the best estimate of how much CO2 is associated with BTC and ETH. You can read our explainer on crypto emissions at https://canopi.cash/crypto/expla..., and check out our detailed methodology at https://canopi.cash/crypto/metho.... In short, your crypto emissions are calculated based on 1) daily estimates of the total carbon emissions from the Bitcoin and Ethereum networks, and 2) estimated share of your network usage. For example, if you hold 1,800 BTC today, your network usage would be 0.01% because the total circulating supply of Bitcoin is about 18 million. Therefore, we consider that you would be responsible for 0.01% of today's total Bitcoin emissions. For calculating emissions of an Ethereum address, we instead use the total gas amount used by its transactions as the estimate of your network usage. There are a bunch of steps we're taking to further refine the methodology. First, we're establishing partnerships with mining pools to be able to anonymously track where renewable energy is being used. Second, we are tracking the Chinese miner exodus to understand where they are likely to relocate and project how that will impact crypto's carbon footprint. If you've got feedback or questions please let us know.

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5yr ago