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๐ Get The Hottest Crypto Offers ๐
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๐บImportant Movies๐บ
Cryptocurrency ESG Defined ๐
Vitality Scarcity Impact On Crypto ๐
Crypto Mining And The Local weather ๐
Upcoming Crypto Upgrades, Milestones ๐
Crypto Winter Evaluation ๐
What Occurs When Final BTC Mined ๐
Crypto Mining Listening to ๐
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โ๏ธ ๐ Helpful Hyperlinks ๐ โ๏ธ
โบ About Coinshares:
โบ Coinshares Inventory:
โบ Coinshares Analysis:
โบ Coinshares Bitcoin Mining Report:
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– TIMESTAMPS –
0:00 Intro
1:38 About The Report
3:32 Introduction
5:19 Methodology
9:05 Outcomes
12:15 Vitality Sources Of Bitcoin Mining
14:17 Dialogue
17:06 Conclusion
19:54 Outro
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๐ Disclaimer ๐
The knowledge contained herein is for informational functions solely. Nothing herein shall be construed to be monetary authorized or tax recommendation. The content material of this video is solely the opinions of the speaker who shouldn’t be a licensed monetary advisor or registered funding advisor. Buying and selling cryptocurrencies poses appreciable danger of loss. The speaker doesn’t assure any explicit end result.
#Bitcoin #BTC #Mining #FUD #Surroundings #crypto
Source: Coin Bureau
36 Responses
Hope that this video finally puts the FUD to rest! Don't forget that you can follow me on my socials for the content that you are missing here ๐ https://guy.coinbureau.com/socials/. You may also be interested in my clips channel which has behind the scenes bits and shorter form content https://www.youtube.com/channel/UCR93yACeNzxMSk6Y1cHM2pw
Doesn't matter how green the energy is for PoW mining, it's still 'wasted' energy. Turning a bunch electricity into heat just to win a lottery is not a useful way to spend that energy. All that energy could be going to real work instead. PoW was a great idea in 2008 but since then we've invented better systems. PoW is now outdated and should be replaced. PoW is the steam engine of cryptocurrency.
Proof of waste is neither egalitarian nor is it our future.
That's still a lot of power usage for something that generates nothing physically useful to humans.
bitcoin is mined for $$$$$
miners will use whatever IS CHEAPEST – without question
a 3rd of energy from renewables is bs
Hi guy! Can you make a video about hbar please?
EnergyWeb will stop the FUD DYOR
You have a way with the words ๐
but its science
If you believe CO2/CatrastrophicAnthropogenicGlobalWarming you have been psy-op'd by WEF types who want economic control over every energetic and economic exchange in the world. CO2 is plant food. Thin old trees, plant fast growing young trees. Everyone wins, by Rothschilds-Gates-Rockefeller types don't get their pop.reduction NWO
Useful video! Climate change my ass.
It's a wonderful place
These numbers are devastating ! Bitcoin adoption is tiny and it is already producing 0.5% of the total energy. Imagine when bitcoin will 50x (mainstream adoption)!
Amazing video. This is one of the arguments that keeps cropping up with family. I've taken notes for the next round of debate ๐
They are literally burning coal ash in my home state to mine BTC and you're comparing crypto to dryers?
Like k ow how much engery the whole of Federal reserve engery consumption.
Freaking global warming. People think this because they are told, by the guy who sells carbon credits and makes millions mind you, that there is global warming. I am old enough to remember the research and how they did their testing and metering and it is a joke if you know the real facts behind. And no one has been able to tell me how the temps on Venus and Mars has been going up as well IF it is man made.. people love to believe the bad and negative regardless of research. And the governments love to say "here is a/the problem, and I/we are not solution. Vote for me and give me millions."
Thanks
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And this is all assuming that man made global warming (or "climate change" . . . . whatever) is actually a real thing.
Let's assume Bitcoin mining uses 200x the energy of all forms of transportation on the planet.
Who gives a shit? The problem has never been the energy USED, it's where the energy COMES FROM.
This is why I live vegan. The smallest environmental footprint and delicious food, while I keep profiting out of crypto ๐ช๐พ๐ฑ
Great video!. One point though, I dont really believe that increased mining efficiency in the future will reduce energy usage. Instead I think this will incentivise mining companies to just buy new mining gear to increase their hashpower. Probably leaving some of the older gear no longer profitable, becoming e-waste.
Video on Secret network SCRT please. 400 million dollar ecosystem funding ๐
Someone please calculate how much energy TikTok wastes (servers + phones running it). Maybe we should ban TikTok instead.
Of course you are the crypto info king
I have never understood this argument against Crypto. How much power do the current payment and banking systems require, including their outlets? Why has this never been used as an argument against the current system?
We need a french or hindi channel please
Great presentation.
Thank you for sharing this report! Bullish crypto now!
Fact check your Tesla fact Guy if only to be cool.
Was waiting for this one ๐ค
One issue that I never see mentioned by either side. Total hashrate has a direct relationship to coin value (due to block rewards for the meaningful future, and excluding halvings and inertial effects for brevity) therefore, very roughly, if value per coin goes up 10x, energy consumption also goes up 10x. I'm delighted by this report. But I'm waiting for the independent analyses once the models and data are open-sourced.
I always wonder why the same scrutiny isn't applied to other compute heavy enterprises, such as streaming, social networks, online retailers, and SaaS providers, who use orders of magnitude more equipment.
Fact Check: Tesla does not make most of its money from carbon credits. See their financial reports for confirmation.
All FUD by the dems
The bars in the intro are always appreciated ๐