Tag: energy

Aug 01 2022

Bitcoin Mining Isn’t Wasteful — It Creates Abundance

Aug 01 2022 Published at Bitcoin Magazine under tags  business energy fud mining opinion

The role mining can play in enabling energy grids to provide greater utility at lower cost is completely misunderstood.The mainstream media mistakenly portray bitcoin mining as wasteful. Nothing could be further from the truth. Bitcoin mining provides an economic bid for otherwise unusable, excess energy. Bitcoin will propel humanity to abundance....

Jul 30 2022

Bitcoin Helps Us Overcome Probability-Based Energy Systems

Variable energy productions as a result of weather are guarantees of downtime and wasted money — so why incentivize them?This is an opinion editorial by Mickey Koss, a West Point graduate with a degree in economics. He spent four years in the infantry before transitioning to the Finance Corps.Imagine if you will, a seller of items that only worked under certain...

Jun 29 2022

It Is Time To Turn The Tables On The Bitcoin Environmental Debate

Bitcoin’s infamous energy criticism is misguided as mounting research shows the exact opposite of those claims are true.This is an opinion editorial by Marie Poteriaieva, a Ukrainian-French crypto industry observer and educator, following the space since 2016.Bitcoin is routinely treated as an environmental pariah:...

Jun 23 2022

Discussing How Bitcoin Can Unlock Thermal Energy From The Ocean

A conversation about Level39’s recent article about using thermal energy from the ocean to generate electricity and mine bitcoin with the excess.This is a recording of a recent Twitter Spaces conversation about Level39’s “How Bitcoin Can Unlock The Energy Of The Ocean For 1 Billion People.”...

Jun 10 2022

Bitcoin’s Energy Use is a Feature Not a Bug

Bitcoin incentivizes energy innovations whereas proof-of-stake results in exacerbated inequality since the more money you have, the more money you get.Mickey Koss is a West Point graduate with a degree in economics. He spent four years in the Infantry before transitioning to the Finance Corps.In a...

Jun 08 2022

Climate-Advocate CFTC Chair Wants To Change Bitcoin

Jun 08 2022 Published at Bitcoin Magazine under tags  bill cftc energy legal legislation

In a recent interview, Rostin Behnam revealed that if Lummis-Gillibrand were to be enacted, the CFTC could advocate for a less energy-intensive Bitcoin.Commodity Futures Trading Commission (CFTC) Chair Rostin Behnam seemingly wants to leverage its probable future position as watchdog of the Bitcoin market to encourage a reduction of the peer-to-peer (P2P) currency’s energy use and incentivize consumers to find...

Jun 05 2022

Bitcoin Is The Ultimate Representation Of Energy

Jun 05 2022 Published at Bitcoin Magazine under tags  culture energy money opinion violence

Love, violence and money are interrelated through their connection to energy. As the digital representation of energy, Bitcoin offers a better store of energy.“’But how is [Bitcoin] digital energy; how do you get it back to being energy?’ The answer is, I send a billion-dollar block of it to Tokyo, I run it through an exchange … I convert it back into...

Jun 02 2022

White House Investigating Crypto Energy Consumption

Jun 02 2022 Published at Crypto Briefing under tags  energy mining news

A White House task force is currently examining the advantages and disadvantages of cryptocurrency mining with the aim of providing the Biden administration with appropriate policy recommendations. Appropriate Policy Responses...

White House To Craft Bitcoin Mining Policy Addressing Energy Use: Report

The Biden administration is reportedly crafting policies intended to lower energy consumption and emissions from bitcoin mining.The White House is drafting policy to address bitcoin mining as it seeks to lessen energy consumption and emissions. In March 2022, President Biden signed an executive order in a “whole of government” approach to regulate the broader cryptocurrency market. Per...

Jun 01 2022

Quality Of Life Is Defined By Energy Use

Harry Sudock of Griid qualifies Bitcoin as a responsible use of energy and shares his perspective on the benefits of bitcoin mining for rural areas.Watch This Episode On YouTubeListen To The Episode:...

May 16 2022

Bitcoin Songsheet: Wind And Solar Are The Altcoins Of Energy

A misdirection of resources and an obstruction of progress, wind and solar energy reflect the same distracting qualities of altcoins.Wind and solar are altcoins.They are unreliable, costly and make as much sense as LUNA. "Green" energy takes up too much real estate for the energy they provide but they grow through propaganda and subsidization like preferred pronouns on Facebook. Despite claims...

May 09 2022

Mining Bitcoin With Energy Stored In Waste Tires

PRTI has discovered a way to demanufacture old car tires, turning them into sources of energy, some of which is then used to mine bitcoin on-site.The ProblemThe wheel is often touted as one of the...

May 08 2022

Bitcoin Promises a Future of Abundant Energy

Bitcoin mining has the potential to revolutionize our approach to electricity generation by allowing power production to increase with buyers of last resort.In its 12 years of existence, Bitcoin’s mainstream reputation has ranged from quirky internet money to baseless speculative investment to — for some — the ultimate store of value. Amid the various narratives surrounding Bitcoin, one critique seems to have...

May 06 2022

The Future Of Energy Markets According To Bitcoin Miners

Bitcoin 2022 offered us a glimpse into bitcoin miners’ crystal ball, as they discussed how the industry will impact the energy grid.Most of the conversations about Bitcoin infrastructure for the past two years have focused on the mining sector’s increasing convergence with traditional energy generators and power companies. At the Bitcoin 2022 conference, a panel...

May 05 2022

Bitcoin Will Use Energy And It Doesn’t Need To Be Renewables

Energy usage is not something from which we should shy away. Bitcoin miners are already doing the hard work that is making the world a better place.The below is a direct excerpt of Marty's Bent Issue #1203: "Do not cede the frame. Energy usage is good."...

May 04 2022

Bitcoin And Nuclear: The World’s Most Feared Technologies Can Actually Save It

Humanity must produce an excess amount of energy in order for forward progress — but with increasing demand, how can we achieve this?Much has been written about how intermittent renewables like wind and solar negatively affect grid stability and often need government subsidies to produce positive financial returns on investment (ROI). Less well understood, but even more important, is the fact these...

Apr 20 2022

Bitcoin Mining Around The World: Norway’s Outsized Presence Relative To Its Size

What makes this Arctic outpost so attractive to bitcoin miners, considering the country’s tiny geographical size and small population? The below article is part of a larger series on Bitcoin mining around...

The Rising Cost Of Energy Impacts Bitcoin Mining Profitability

The relationship between energy prices, hash rate, difficulty and the bitcoin price will be extremely important as the price of energy rises....

Apr 08 2022

Building New Grids To Support Local Communities And Strengthen The Bitcoin Network

Apr 08 2022 Published at Bitcoin Magazine under tags  business electricity energy griid mining

Bitcoin mining companies are working with electricity providers to find solutions for power that support mining and community access to electricity.Bitcoin mining specialists sat down together to discuss how mining companies can work with local grids to strengthen electricity production and distribution at the Bitcoin 2022 conference in a panel titled “Building New Grids.”The panel was moderated by Zack...

Canaan Announces New ASIC Miner Along With Company Standards For Green Bitcoin Mining

ASIC manufacturer, Canaan, announced a brand new mining machine in addition to green mining standards about energy, mining and infrastructure.Canaan senior vice president, Edward Lu, shared the company’s plans to create green energy standards for Bitcoin mining on the mining stage at Bitcoin 2022. Lu gave a speech, titled “Clean Energy: The New Revolution of Bitcoin Mining." Lu said, “Sustainable Bitcoin...

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