A Step Towards a Greener Blockchain Future

Published on
Feb 6, 2023
Written by
Jeremy Vaughn
Read time
5 mins

Key Takeaways:

  • Solana's Energy Impact Report shows 26% rise in emissions, due to network growth & hardware production
  • Carbon footprint is 3,412 tonne CO2 p.a., 1,772 from power consumption & 1,639 from hardware production
  • Solana leads in energy efficiency & sustainability, using less energy than a single Bitcoin tx
  • Rimark is committed to Solana for its power, speed, & sustainability focus

As the world becomes increasingly conscious of the environmental impact of technology, it is more important than ever to ensure that the building and operation of digital systems are carried out in a sustainable manner. One of the key ways to achieve this is by utilizing carbon-neutral technology, which reduces the carbon footprint of the system and ensures that it is not contributing to the global warming crisis.

In this context, the release of the third edition of the Solana Foundation's Energy Impact Report is particularly relevant. The report provides a comprehensive analysis of the carbon footprint of the Solana blockchain and highlights the efforts the foundation is making to promote sustainability in the blockchain industry.

The report highlights that, despite an increase in overall emissions of 26 percent during the past six months driven by overall growth in the validator network and the addition of hardware production (e-waste) emissions in the analysis, the Solana network remains energy-efficient, using less energy for an hour of operation than a single Bitcoin transaction. The assessment of the overall carbon footprint of the network is 3,412 tonne CO2 per year, up from 2,707 tonne CO2 per year in March 2022, and is measured by adding emissions due to power consumption (1,772 tonne CO2 per year) and emissions due to hardware production, also known as e-waste (1,639 tonne CO2 per year). The primary drivers of emissions estimate changes are the incorporation of emissions due to hardware production (e-waste) into the energy use report and a reduction in the estimated power consumption per validator node, which fell 48 percent from 984W to 509W per validator node.

The Solana Foundation is committed to reducing the carbon footprint of the network and has made efforts to offset its emissions to ensure the network is carbon neutral. The data and analysis in the report are being uploaded to Github, to further improve its accessibility and so that others can use and build on this dataset.

The importance of building with carbon-neutral technology cannot be overstated, as it helps to mitigate the negative impacts of digital systems on the environment and provides a more sustainable future for the digital world.

Rimark remains dedicated to building with Solana for its power, speed, and efficiency, as well as its commitment to sustainability. The foundation's work to minimize its carbon footprint and offset emissions shows a dedication to a more sustainable future for digital technology.

By choosing Solana, Rimark is taking a significant step towards a greener future for digital technology. The focus on sustainability is a key factor in our decision to work with the platform and we believe it will play a growing role in the blockchain industry.

We look forward to our ongoing partnership with the Solana Foundation and contributing to the development of a more environmentally conscious blockchain sector.

To learn more, click here to visit Solana's website.

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