“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
What do all the “boiling oceans” alarmist miss about the nature & incentives of Bitcoin’s energy consumption? Can we determine anything meaningful about Bitcoin’s energy use by looking at the state of mining today, and the trends leading us into the future? Today we read a great piece from CoinDesk by the many times Bitcoin Audible author Nic Carter, on the fallacies of the general thinking, why Bitcoin gets picked on, & the simple thing the complainers could do to solve it.
Nic Carter’s “The Last Word on Bitcoin’s Energy Consumption”:
Other excellent pieces by Nic Carter available in audio:
A Most Peaceful Revolution:
The Cat is Out of the Bag:
Don’t Fear the Reaper:
Unpacking Bitcoin’s Assurances:
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