Solana: new carbon footprint report
The Solana Foundation has published third edition of the Blockchain Energy Impact and Carbon Footprint Report from September 2022. An initiative that involves external experts to conduct an independent assessment of blockchain emissions.
Solana and its third report on the carbon footprint of Blockchain
The Solana Foundation has released its latest and third Report from September 2022 with an independent assessment by external experts on the carbon footprint and energy impact of Blockchain.
1/ 🧵 Today is @SolanaFndn released the latest Solana Energy Use Report as part of its commitment to make Solana carbon neutral.
Emissions per validator fell almost 48%, despite the network’s estimated carbon footprint growing by 26%. pic.twitter.com/COj7Ukj20R
— Solana (@solana) 20 September 2022
“Today @SolanaFndn released the latest Solana Energy Use Report as part of its commitment to make Solana carbon neutral. Emissions per validator fell nearly 48%, despite the network’s estimated carbon footprint growing 26%.”
In the report, the highlights show that the network’s estimated total carbon emissions is 3,412 tonnes of CO2 per year, up 26% from 2,707 tonnes of CO2 per year in March 2022.
This 26% increase in just 6 months is due to the overall growth of the validator network and the addition of hardware manufacturing emissions (e-waste) into the analysis.
At the same time, the report shows a reduction in emissions due to reduction in estimated energy consumption per validation nodewhich dropped 48% from 984W to 509W per validation node.
Solana encourages the community to consult and use sources posted on Github
In a roundup of tweets, Solana also informed the community that they publish the sources of their report data on Github.
In this way, the Solana Foundation expects society to be able to consult and use themencourage everyone validators and projects to take a look at their emissions data and reduce Where possible.
Not only that, the Foundation as well compared the carbon emissions of Blockchain with Google search. Here’s what it said:
“An important part of previous energy usage reports is that a single transaction on Solana uses roughly the energy equivalent of three Google searches. After digging further into our data set, we discovered that a single non-voting transaction on Solana is the energy equivalent of three Google searches. However, the average transaction on Solana (including both voting and non-voting transactions) uses the energy equivalent of about half a Google search.”
The price of Solana (SOL)
And then period the last six monthsSolana’s blockchain appears to have reduced emissions per validator by 48% and increased carbon footprint by 26% per network growth, the price of the original crypto SOL seems to have fallen, following the trend of other cryptocurrencies.
And indeed since March 2022, the price of SOL has fallen from $88 to the current $31. Specifically, over the past month, SOL has hovered around $34, with highs near $39 and lows of $30.
Solanareferred to by many as “Ethereum Killer,” seems to remain “floating” compared to the price trend of its “rival”, especially after the resounding and long-awaited Ethereum Mergerwhich was made official on September 15, 2022. The upgrade case Ethereum’s blockchain moved from PoW to PoS, making it more sustainable.
Ethereum (ETH) hair seen a price drop in the last five days from $1590 to $1290to be worth $1339 at the time of writing.
