Sustainability is at the core of Speedy Staking’s strategy and purpose. This means we choose the most sustainable option whenever possible and over-compensate whenever a service is not carbon-neutral. Additionally, we support initiatives that reduce the global carbon footprint and help improve people’s lives in vulnerable communities by supporting sustainable development.
We do this by:
- Minimising our footprint or the impact on the environment of human activity in terms of pollution, damage to ecosystems, and the depletion of natural resources1;
- Maximising our handprint or the actions one takes to positively impact the climate, over and above reducing one’s own carbon footprint2.
One speaks about climate positive or net positive if a handprint is larger than a footprint.
2. Our servers
Speedy Staking operates two validator nodes for the Casper Network, each on its own server. Each server draws an average of 21W power and runs on 100% renewable energy3.
The energy ‘E’ in kiloWatt-hours (kWh) is equal to the power ‘P’ in watts (W), times the time ‘t’ in hours (hr) divided by 1000:
E(kWh) = P(W) × t(hr) / 1000
E(kWh) = 42 x (365 x 24 /12) / 1000 = 30.66 kWh energy usage per month for both servers combined.
These servers’ manufacturing, transportation and end-of-life carbon contributions come to a carbon footprint of approximately 2 x 0.227 x 5260 = 2388 kgCO2e over its expected lifetime of 4 years4.
This equates to a carbon footprint of 2388 / 48 = 49.75 kgCO2e per month.
3.1 Web hosting
Speedy Staking’s website is hosted on servers that use 100% renewable energy, and the hosting provider uses 100% renewable energy for its offices. Additionally, they support green initatives5.
4. Gold Standard projects
Because of our dedication to a sustainable world, we have chosen to support Gold Standard projects specifically. These projects not only help protect the planet from the effects of climate change but also help improve the lives of people in vulnerable communities by supporting sustainable development.
The project we support helps achieve the following UN Sustainable Development Goals6:
5. Footprint / Handprint
Speedy staking has a total measurable footprint of approximately 49.75 kgCO2e per month. The carbon footprint of the hardware required for web hosting is unknown but expected to be minimal compared to the dedicated servers used for running validator nodes.
Speedy Staking retires 1 tonne of CO2e monthly by supporting a Gold Standard project. This number will increase as Speedy Staking’s operations increase in size. This document will be updated with a link to the retiring of carbon credits every month.
5.3 Net Positive
Speedy Staking currently has a Carbon Net Positive of 1000 – 49.75 = 950.75 kgCO2e per month. This is equivalent to approximately 8800km driven in a new car7.
- OxfordLanguages, “Oxford Languages and Google”, accessed on November 17, 2022, https://languages.oup.com/google-dictionary-en.
- Go Climate Positive, “What Is a Carbon Handprint?”, accessed on November 17, 2022, https://go-positive.co.uk/what-is-a-carbon-handprint.
- Worldstream, “Our Data Centers”, accessed on November 17, 2022, https://www.worldstream.com/en/about-worldstream/our-data-centers.
- Dell, “PowerEdge R240”, February, 2019, https://i.dell.com/sites/csdocuments/CorpComm_Docs/en/carbon-footprint-poweredge-r240.pdf.
- Vimexx, “Maatschappelijk verantwoord ondernemen”, accessed on November 17, 2022, https://www.vimexx.eu/maatschappelijk-verantwoord-ondernemen.
- Gold Standard, “20 MW BIOMASS POWER PROJECT AT GODAWARI POWER AND ISPAT LIMITED, CHHATTISGARH”, accessed on November 17, 2022, https://registry.goldstandard.org/projects/details/621.
- European Environment Agency, “CO2 performance of new passenger cars in Europe”, September 26, 2022, https://www.eea.europa.eu/ims/co2-performance-of-new-passenger.