Mining

What They DON’T Want To Admit About Bitcoin Mining (But

What They DON’T Want To Admit About Bitcoin Mining (But Bitfarms Will!)

#DONT #Admit #Bitcoin #Mining

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48 Comments

  1. Bailed on this guy fairly fast. Not going to get anywhere in the real world with that approach to energy. Though the energy consumption narrative is hated by the crypto community and is often misrepresented and overblown, it is a fair and legitimate concern. This ‘let them eat cake’ attitude plays right into the hands of the pressure groups. ESG and environmental concerns are a real thing whether we like it or not and we have to do better than to rubbish it

  2. Great interview, another great attribute is that the miners improved the power grid in Texas, when the grid needed additional power during the summer peaks the miners were able to shut down to allow the grid to redirect that power to where it was needed. No more blackouts thanks to the miners!
    The electric provider paid the miners to shutdown, so it was a win win.

  3. These things are very difficult to understand for teenagers – especially post-teenage Swedish "teenagers" – led by university sophomores enrolled in overpriced arts programs in "studies" and job-creation covers for Marxist academics.

  4. POW is one possibility, there are so many more and for different cases different consensus mechanisms are legit. Would be good to see different offers in the future and how and to whom the market will pivot towards to, a fair competitive floor will bring us the possibility to discover what the people want

  5. Comparatively, I wonder how much energy gold mining uses, tearing up the rainforest and blasting through rock… or all those computers running outdated 30 year old systems at traditional banks?

  6. yeah maximize government inefficiency so we have more reasons to mine bitcoin
    great logic 😂😂😂
    Oh and don’t forget to make sure government controls mining centers and holds the bitcoin the confiscated from “criminals”

  7. On this day 4 years ago 0.01 Bitcoin could buy 21.7 lbs of ground beef. In comparison, 4 years ago 10 US dollars could buy 2.62 lbs of ground beef. Today 0.01 Bitcoin can buy 70.7 lbs of ground beef, and 10 US dollars can only buy 1.9 lbs of ground beef. In fact, even if we calculate Bitcoin's recent "crash" price of 15k, you would still be able to buy about 28 lbs of ground beef at today's prices, which is still a significant increase in buying power compared to the dollar's loss of buying power over the same period.

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