Sustainable Cryptocurrency Growth Impossible? Impact of Network Power Demand on Bitcoin Price

Due to the youth of cryptocurrency sphere, logic interaction between investors, users and protocols is not always precisely defined. Analysis impact ESG on cryptocurrencies proves that demand for bitcoin network capacity (occupies main market share) factor in predicting price this as a whole. The choice statistical method analysis determined by purpose statistically justified determination relationship data under consideration, reliability checked using Fischer Student tests. In paper, several innovations are proposed solve problem energy dependence cryptocurrencies: firstly, paradigm sustainable development (taking into account consumption huge amount functioning systems); secondly, feedback explain subjects, including following parties: users, developers, infrastructure their interaction; thirdly, with creation artificial variables from real iterative improvement model. This paper growth impossible when viewed perspective “Green Economics” Molly Scott Cato. author's approach relevant compared other methods linear transformations creating selecting VIF test. As result, versions models were obtained various combinations initially factors, basis which nature greatest influence was established form technical factors needs.