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Information flow dynamics between cryptocurrency returns and electricity consumption: A comparative analysis of Bitcoin and Ethereum

2024-10Journal article Open access
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dc.contributor.authorDora Almeida
dc.contributor.authorAndreia Dionísio
dc.contributor.authorPaulo Ferreira
dc.date.accessioned2025-01-08T11:53:54Z
dc.date.available2025-01-08T11:53:54Z
dc.date.issued2024-10
dc.date.updated2025-01-04T14:38:22Z
dc.description.abstractUnderstanding energy consumption associated with cryptocurrency mining gained increasing attention, with the literature focusing mainly on Bitcoin. This study uses data from the two energy consumption indices, to estimate static and dynamic transfer entropies. The results provide a nuanced understanding of the bidirectional relationships and their implications. The dominant direction of information flow for Bitcoin is from electricity consumption to returns, while for Ethereum, it is from returns to electricity consumption, suggesting that Ethereum’s returns significantly impact electricity consumption patterns. Results highlight the need for policies that integrate energy forecasting and environmental sustainability considerations and has significant implications for policymakingpt_PT
dc.description.versioninfo:eu-repo/semantics/publishedVersionpt_PT
dc.identifier.doi10.1016/j.frl.2024.105997pt_PT
dc.identifier.slugcv-prod-4228842
dc.identifier.urihttp://hdl.handle.net/10400.26/53610
dc.language.isoengpt_PT
dc.peerreviewedyespt_PT
dc.publisherELSEVIERpt_PT
dc.subjectCryptocurrencypt_PT
dc.subjectEnergy consumptionpt_PT
dc.subjectBitcoinpt_PT
dc.subjectEthereumpt_PT
dc.subjectTransfer entropypt_PT
dc.subjectAsymmetric information flowpt_PT
dc.titleInformation flow dynamics between cryptocurrency returns and electricity consumption: A comparative analysis of Bitcoin and Ethereumpt_PT
dc.typejournal article
dspace.entity.typePublication
oaire.awardURIinfo:eu-repo/grantAgreement/FCT/Concurso de avaliação no âmbito do Programa Plurianual de Financiamento de Unidades de I&D (2017%2F2018) - Financiamento Base/UIDB%2F05064%2F2020/PT
oaire.citation.titleFinance Research Letterspt_PT
oaire.fundingStreamConcurso de avaliação no âmbito do Programa Plurianual de Financiamento de Unidades de I&D (2017/2018) - Financiamento Base
project.funder.identifierhttp://doi.org/10.13039/501100001871
project.funder.nameFundação para a Ciência e a Tecnologia
rcaap.cv.cienciaid181D-7395-0348 | Dora Maria Fortes de Almeida
rcaap.rightsopenAccesspt_PT
rcaap.typearticlept_PT
relation.isProjectOfPublication0cd5c3a9-59a4-47a4-a519-49e2c2c24fcd
relation.isProjectOfPublication.latestForDiscovery0cd5c3a9-59a4-47a4-a519-49e2c2c24fcd

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