“But there is something even more interesting that happens with mining and electricity. Not only does Bitcoin mining add revenue to existing locations of energy production, but it also makes other previously unprofitable energy sources profitable.” – Rollo McFloogle
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“If your local energy cost is effectively zero but you cannot sell your energy anywhere, the existence of a global buyer for energy is a godsend.” – Nic Carter
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We have got a great chat that I have been unable to share until now! What is the present and future of Bitcoin mining and the consumption of energy. Is it a terrible reality that could have huge secondary negative effects, or could it ignite an energy revolution? Join Myself, Christian Stoll, Tone Vays , Christopher Bendikson , Jesse Peltan , and Philipp Sandner for an excellent chat!
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“Despite unprecedented fiscal and monetary intervention after the financial crisis, results have been disappointing. The American people do not need accounting tricks or more debt, but true innovation. Thankfully, Bitcoin provides a way forward.” – Conner Brown
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… And one of the greatest natural subsidies for renewable energy we could’ve asked for.
Today we hit a piece by Daniel Wingen. A thorough breakdown of the essence of mining, the necessity of its energy expenditure, the incentives for efficiency and renewable sources, and the unbelievable cost that is being rescued from wasteful alternatives. Not only is Bitcoin’s energy consumption not a problem, it could be exactly what we need for a brighter future.
“There is no more important long-term use of energy than securing the bitcoin network.” -Parker Lewis
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Bitcoin mining is useless, it unnecessarily pollutes, its worse than credit cards, and its going to boil the oceans!! Are these inspired revelations, or inspired by ignorance?
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What if Bitcoin’s energy consumption is actually the greatest natural incentive we could’ve hoped for in our alternative energy revolution? Find out how in today’s Quick Read by Melik Manukyan. @realLudvigArt
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Alone, and feel the charm of existence in of souls like mine. I am so happy, my dear friend.
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