lots of uncertainty on that, some experts say it's more like 40%. and is it "75% powered by renewables", or that 75% use some (but not all) renewables in their mix of energy? but even that lower figure is probably better than it soundsBitcoin is 75% powered by renewables anyway.
https://www.coindesk.com/everything-costs-energy-bitcoin-miningCoinDesk Research today published an expansive report on the wide-ranging environmental impacts of bitcoin mining titled “Does Bitcoin Have an Energy Problem?” in which its author, research associate George Kaloudis, addresses a wide array of energy concerns.
Kaloudis said bitcoin uses a relatively clean energy mix and there is meaningful investment into renewable-powered bitcoin mining. Kaloudis points out around 40% of mining energy is renewable and just over three-quarters of miners use renewables in their energy mix. By comparison, he said, the world uses around 20% renewable energy.
“Bitcoin provides a means to monetize wasted energy, improving the financial standing of energy companies, allowing for investment into clean energy production and transportation,” he said. “Bitcoin uses a lot of energy, but it is not an environmental disaster. Since the cheapest energy sources are typically stranded renewables, bitcoin’s growth trajectory is predicated on the expansion of renewable energy production.”
Investment in bitcoin mining has trended, in fact, toward using more renewables. A study from digital asset management firm CoinShares examined the bitcoin mining network and claimed that the Bitcoin network gets 74.1% of its electricity from renewable sources such as wind, solar and hydropower.
i'm spending some days with him now, first time in years and he's literally started to look like this:my brother wrote me the other day that he became a virtual millionaire. me and the rest of the family are trying to persuade him to cash out but he's not having any of it. says it will only get more. gonna end up in a major disappointment and drama of course.
I guess if more people buy BTC, the value will go up so their investments will be more valuable?Probably old news to everyone else but it took South Park taking the piss out of it for me to realise that Matt Damon had done an advert for crypto or bitcoin with the tagine Fortune Favors The Brave.
What is it that makes people so evangelical about crypto (well obviously with Damon he was paid)? Like this guy I met on Christmas Eve and I've noticed that he finishes his FB and twitter posts with "Buy bitcoin!" or "Invest in crypto!" or some other variant on that. As if I told everyone "Eat peanut butter!" or something else I liked at the end of every tweet.
Ha, Satoshi Island!This looks interesting... got your citizenship yet Stan?
However, Welch will first have to unwind his previous marketing of the island as a “wildlife nature reserve” home to rare giant crabs.
Fortunately this isn't true, otherwise there would be little to no counterarguments against the scam allegations.I guess if more people buy BTC, the value will go up so their investments will be more valuable?