“Bitcoin miners are unique energy buyers in that they offer highly flexible and easily interruptible load, provide payout in a globally liquid cryptocurrency, and are completely location agnostic, requiring only an internet connection. These combined qualities constitute an extraordinary asset, an energy buyer of last resort that can be turned on or off at a moment’s notice anywhere in the world.” – Square & ARKinvest
The “Bitcoin destroys the environment” argument is over for anyone who hasn’t lost the ability to think clearly. A new paper from Square and their clean energy initiative and how Bitcoin mining will change everything.
For the full paper and links to further breakdown and discussion on the topic, check out the source below:
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