Energy Companies Are Missing Out on Bitcoin Mining

2019-9-7 23:22

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In this episode of the Bitcoin Magazine Podcast, the guys bring on Brandon Green, another Bitcoin Magazine staffer, to talk about a spicy op ed he recently wrote about the Bitcoin mining energy consumption problem. Green flips the problem on its head by asking why more energy companies aren’t seeing the business opportunity in servicing cryptocurrency mining companies. The conversation meanders into the territory of universal basic income, the cost of printing money and even candy bars.

Interview Op Ed: Bitcoin Uses a Lot of Energy, So Where Are the Energy Companies? Sponsors CoinmineHaven Twitter Bitcoin MagazineBrandon GreenDave HollerithGrahm Petersen

DISCLAIMER: The following content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained in this presentation constitutes a solicitation, recommendation, endorsement, or offer by BTC Media, The Let’s Talk Bitcoin Network, or any third party service provider to buy or sell any securities or other financial instruments.

The post Energy Companies Are Missing Out on Bitcoin Mining appeared first on Bitcoin Magazine.

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bitcoin energy mining companies missing magazine out

Источник: bitcoinmagazine.com

bitcoin energy → Результатов: 126


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As if there wasn’t enough tribalism within the crypto community already, Ripple’s CEO has blatantly bashed bitcoin and Ethereum for their energy consumption and carbon foot print. Bitcoin Using More Energy Than Ever A recent article in the UK’s Telegraph has claimed that one bitcoin transaction uses more energy than an average British household does in two months.

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Renewable Energy Keeps Bitcoin Miners Afloat

A recently-published report suggests that more than three-quarters of Bitcoin (BTC) mining activity relies on cheap renewable energy in order to remain financially viable. The report, issued by the cryptocurrency investment firm CoinShares, reprises the points which the company’s researchers made last May, and again in November: that a significant amount of mining activity is […] The post Renewable Energy Keeps Bitcoin Miners Afloat appeared first on Crypto Briefing.

2019-3-1 20:33


Фото:

Mining One Bitcoin a Month Would Require Harvesting Body Heat from 44,000 People

In a bid to raise awareness about the crypto industry’s energy consumption, the Institute of Human Obsolescence, a Dutch organization focused on data ownership, explored the energy usage of Bitcoin and found that 44,000 would need to provide their body energy for a month in order to mine a single Bitcoin, Motherboard reported on January 3, 2017.

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