Cryptocurrency Mining in European Electricity Systems: A Critical Review of Carbon Accounting, Operational Flexibility and Environmental Trade-Offs

Cryptocurrency-energy assessments often conflate electricity use, emissions attribution and avoided system emissions. This targeted, non-exhaustive integrative review separates these quantities and evaluates mining-flexibility claims in European electricity systems. A six-criterion appraisal links principal studies to supported claims and transfer limits. A general electricity-accounting benchmark uses secondary data to compare 2024 production-mix and residual-mix direct CO2 factors for 24 national European Union domains. Their unweighted means are 214.38 and 415.18 g CO2/kWh; the median within-country ratio is 1.95. The two orderings have a Spearman correlation of 0.670 and disagree for 68 of 276 country pairs. The residual factor exceeds the production factor in all 24 countries in both 2024 and a matched 2025 comparison; consumption-weighted contrasts also remain positive. For a fixed hypothetical 1 MW Hungarian load operating throughout leap year 2024, the two accounting descriptors yield 1556.5 and 2798.9 tonnes of attributed direct CO2, a 79.82% accounting difference. These descriptive, non-causal results compare accounting descriptors, which are not freely interchangeable facility reporting options. Conditional procurement scenarios and an explicitly assumed four-hour example distinguish reported emissions, electricity volume and operating schedules. Technical evidence supports curtailment and ancillary-service participation in specified settings, but price responsiveness alone does not establish lower emissions. The applied framework links European disclosure to claim-specific counterfactuals and specifies requirements for joint assessment of heat, methane, water, hardware and health impacts.

Authors

Institutions

Publication Details

Journal
Sustainability
Published
2026-11-02
DOI
https://doi.org/10.3390/su182111146
Primary Topic
Blockchain Technology Applications and Security
Type
article
Field-Weighted Citation Impact
0.00
Controls
|||
ALL TIME
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
article

Cryptocurrency Mining in European Electricity Systems: A Critical Review of Carbon Accounting, Operational Flexibility and Environmental Trade-Offs

András Szeberényi, Mátyás Imre Kovács
2 links
Sustainability
Blockchain Technology Applications and Security
article

Cryptocurrency Mining in European Electricity Systems: A Critical Review of Carbon Accounting, Operational Flexibility and Environmental Trade-Offs

András Szeberényi, Mátyás Imre Kovács
article en

Abstract

Cryptocurrency-energy assessments often conflate electricity use, emissions attribution and avoided system emissions. This targeted, non-exhaustive integrative review separates these quantities and evaluates mining-flexibility claims in European electricity systems. A six-criterion appraisal links principal studies to supported claims and transfer limits. A general electricity-accounting benchmark uses secondary data to compare 2024 production-mix and residual-mix direct CO2 factors for 24 national European Union domains. Their unweighted means are 214.38 and 415.18 g CO2/kWh; the median within-country ratio is 1.95. The two orderings have a Spearman correlation of 0.670 and disagree for 68 of 276 country pairs. The residual factor exceeds the production factor in all 24 countries in both 2024 and a matched 2025 comparison; consumption-weighted contrasts also remain positive. For a fixed hypothetical 1 MW Hungarian load operating throughout leap year 2024, the two accounting descriptors yield 1556.5 and 2798.9 tonnes of attributed direct CO2, a 79.82% accounting difference. These descriptive, non-causal results compare accounting descriptors, which are not freely interchangeable facility reporting options. Conditional procurement scenarios and an explicitly assumed four-hour example distinguish reported emissions, electricity volume and operating schedules. Technical evidence supports curtailment and ancillary-service participation in specified settings, but price responsiveness alone does not establish lower emissions. The applied framework links European disclosure to claim-specific counterfactuals and specifies requirements for joint assessment of heat, methane, water, hardware and health impacts.

SustainabilityVol. 18(21)
University of Applied Science Budapest (HU), Széchenyi István University (HU)
Climate action, Affordable and clean energy
Openalex Percentile: Top 10%
Blockchain Technology Applications and Security
AI Navigator

Ask Laika to Summarize, Analyze, and Connect papers live on the map.

Summarize Papers & Methodologies

Extract key findings, datasets, and comparative methods across publications.

Benchmark Rankings & Visual Analytics

Rank top research institutions, authors, funders, topics, and journals by Field-Weighted Citation Impact (FWCI) and paper volume with instant charts.

Connect Distant Disciplines

Bridge topological clusters on the map to find hidden collaborative intersections.

Laika access coming soon