How Bitcoin Mines Were Airlifted From China to the US | CRYPTOLAND Episode 7

[@Motherboard]

Watch the next episode of CRYPTOLAND here: kzbin.info/www/bejne/g3a9fZuuYp6qepI

[@lionlamb2702]

Have you looked into Sos limited in Wisconsin?

[@Suspect340R]

Why don’t y’all do some research and report on #ETHGate? I guarantee you’ll find some interesting information! @Motherboard

[@thatoneguywon4527]

I dont understand how this is good for any local economy. It uses enormous amounts of energy and literally only benefits the miners.

[@Cal-TwentyNine]

DING DING! Because it doesn't :)

[@mcdroppalog4569]

What about gold mining lol

[@mcdroppalog4569]

You don’t do your research buddy

[@thatoneguywon4527]

@@mcdroppalog4569 you are funny

[@mcdroppalog4569]

@@thatoneguywon4527 i may be, but you are ignorant if you think that Bitcoin is going to ruin the planet, or that Bitcoin only benefits miners. China would be a great place for you lol

[@Cabnr310]

Bitcoin miner:"In a way we're printing money" Fed: Hold my beer

[@Timeless_Essence]

Thats why I hate when they say that. Bring unwanted attention

[@nam18111]

IRS heavily breathing*

[@Wigwhom86]

@@Timeless_Essence it's so true though

[@peterwinter8028]

I have never seen so much spam / fake comments under a YT Video. And even fake conversations (thats a new for me). In a way its actually fascinating…

[@stugots2863]

Where there is crypto, there’s fake / spam comments.

[@ExaPaw]

Scam spam

[@louisclifford9874]

I came here to learn how to invest after listening to a guy on radio talk about the importance of investing and how he made $460,000 in 4 months from $160k, somehow this video has helped shed light on some things, but I'm still confused, I'm a newbie and I'm open to ideas.

[@anthonysam9391]

Investing in stocks and crypto is a good idea, a good trading system would put you through many days of success.

[@tinythomas4438]

It is possible to produce superior performance provided you do something different from the majority. However most of us tend to pay more attention to the shiniest position in the market to the cost of proper diversification.

[@wilsonbrown8993]

Having monitored my portfolio performance which has made a jaw dropping $370k from just the past two quarters alone, I have learned why experienced traders make enormous returns from the seemingly unknown market.

[@louisclifford9874]

@@wilsonbrown8993 Interesting, I have a lump sum doing absolutely nothing at all in my bank account, I wanna get something started with it. You seem to be doing excellent for yourself, how do you achieve this?

[@wilsonbrown8993]

@@louisclifford9874 Exactly, the trick is to diversify your investment, don't panic when everyone else is and invest consistently.

[@TheJonathanExp]

PLEASE FOR THE LOVE OF GOD DISABLE ALL COMMENTS ON CRYPTO VIDEOS ❗❗I'm sick of the constant fraudulent Bots

[@Belioyt]

@@Etaoinshrdlu69 very entertaining. Helps gauge the state of the art of conversational bots

[@nedj10]

He calls coal terrible then creates a huge power draw that pulls all of it power from non-renewable sources...rich..hypocritical, but rich.

[@deaddoll1361]

He has weasel characteristics.

[@TheJttv]

Niagara Falls, NY is nearly 100% hydro. Thats not to say added demand is good for the grid.

[@user-jl1sz7su4p]

@@TheJttv flexible power added to the grid is good for it. it can be turned off if needed in a critical moment like the hottest day in August. this is good.

[@holdenwinters68]

@nedj10 Hydro is renewable. What are you talking about?

[@stachowi]

as long as the line goes up... everyone turns a blind eye to the hypocrisy and scammy nature of crypto... weeeee!!!!

[@_Painted]

Surely we can come up with something much more useful to spend all of this electricity on... Instead of wasting all of this electricity on cryptocurrency mining, why not produce useful commodities that require electricity, like nitrogen fertilizer, hydrogen fuel, and aluminum metal...?

[@elizabethlilian954]

I'M NEW TO BTC AND I'VE BEEN MAKING LOSSES TRYING TO MAKE PROFIT MYSELF IN TRADING...I THOUGHT TRADING DEMO ACCOUNT IS JUST LIKE TRADING THE REAL MARKET... CAN ANYONE HELP ME OUT OR AT LEAST ADVISE ME ON WHAT TO DO?

[@marykimberly6897]

As a biginner who don't understand how Bitcoin trade really work and you really want to make profit from it. I will advise you to first start working with a professional broker

[@marykimberly6897]

I highly recommend Mrs Linda she's my current trader and her strategies are working

[@brookelee1996]

Stop trading with your emotions. The position doesn’t close by it’s self unless you’re Experiencing margin calls. In which case you’re buying way more bitcoin and then your account can handle with the amount in it. Take a position and hold it till it’s in the green. Don’t let the red scare you, just be patient.

[@Jody8337]

I came here to learn how to invest after listening to a guy on radio talk about the importance of investing and how he made $960,000 in 4 months from $160k, somehow this video has helped shed light on some things, but I'm still confused, I'm a newbie and I'm open to ideas.

[@Maricel_oronan]

It is possible to produce superior performance provided you do something different from the majority. However most of us tend to pay more

[@Rudenz8]

Interesting. I have a lump sum doing absolutely nothing at all in my bank account, I wanna get something started with it. You seem to be doing excellent for yourself, how do you achieve this?

[@Jody8337]

@Doukas Amal Hello Do you trade on your own?

[@Jody8337]

@Doukas Amal That's impressive. Are you giving her your money or the money stays in your trading account? What's really the idea behind copying trades.

[@Jody8337]

@Doukas Amal Is her service available outside of the US? As her broker is registered in the US.

[@WTLionofZion]

People mining the coin think they're the ones making money, but it's actually the people manufacturing the ASICs that are making the real money.

[@Christosan88]

“Cant control a decentralized force” IRS will certainly tax it and does.

[@holdenwinters68]

Not if it's also anonymous like Monero.

[@Etaoinshrdlu69]

@@holdenwinters68 The problem with Monero is that they are constantly creating more Monero so its not a good investment

[@holdenwinters68]

@@Etaoinshrdlu69 No, that's not true. Its a fixed supply of 18M

[@edawg654]

No one can change Bitcoin

[@yellowgreen5229]

They are delusional libertarians, as soon as the government decides to stop drug coins, climate armageddon and tax evasion these coins are gone. BAN BITCOIN

[@chadgibbs3341]

i dont think China lost much from their decision to ban crypto mining afterall bitcoins prices keep fluctating and its running out really fast as more and more of these companies keep on emerging

[@peterbardsley2636]

you should read up on the bitcoin halving, the last bitcoin is to be mined in 2140. every couple of year the bitcoin mined halves. so running out out of bitcoin to mine isn't really a problem.

[@chadgibbs3341]

@@peterbardsley2636 but as it halves it becomes less valuable .

[@Tribuneoftheplebs]

Bitcoin mining competes with industry for energy consumption. Not good

[@jsplit9716]

It seems like a smart decision as they were having huge energy shortages at the beginning of theis year.

[@chadgibbs3341]

@@_marlene lol (reply to this i dare u)

[@lb2791]

Unfortunately when it comes to crypto, there isn't that much more security when it comes to regulations in the USA than in China. It seems like there is a constant danger of crypto being essentially banned with the stroke of a pen. Of course the more crypto businesses there are in the US the less likely this will become, as they can start to lobby for their interests.

[@joshuaphillips755]

Crypto businesses? I thought it was supposed be a form of currency, not a product.

[@lb2791]

@@joshuaphillips755 Bitcoins use cases are being a currency and a store of value. Bitcoin also doesn't have a company behind it. Other cryptos usually try to build some use case out of smart contract functionalities and have a company behind them. The crypto token is not used like a currency in this case but serves some function in the ecosystem and also serves as a sort of stock of the company (as they will have reserves of the token that they can sell to raise funds for investments).

[@lb2791]

Crypto exchanges are also businesses of course.

[@rolux4853]

And it should be banned! We’re living in a insane society! I used bitcoin in the beginning to buy stuff from China and that’s what it should be for, a currency not an artificially blown up investment that destroys our environment! When all those people entered that have no clue what the internet really is for it all crumbled. They wanted to limit and profit of something that should be free! The internet should have liberated the whole world in being a completely free and uncensored way of communicating and exchanging data. Now it’s a capitalist nightmare that accelerated the demise of our world by a unimaginable high factor.. It’s so sad to see humanity destroying itself over a made up, digital currency. Think about it a little bit and you get overwhelmed by how crazy it is. And I’m by no way a hippie, I’m a Software engineer!

[@darnielng]

@@joshuaphillips755 It became a speculative platform. no actual product / value created.

[@jspafford]

Why is the VO 15db louder than the rest of the program? What? Because you don’t have an editor that knows how to mix audio?

[@edawg654]

Miners are just data centres. The only reason why we care about mining, is because of the political ideology at play with Bitcoin, which by the way is agnostic. Bitcoin is a tool for freedom and more responsible government monetary policy, which by the way is in dire need of changes.

[@baileyb9690]

True

[@a.j.haverkamp4023]

Order a shipping container, fill it, ship it, unload the shipping container. Doesn’t sound too complicated too me. Mining is “printing” money and destroying the environment. Green energy used? Use it for other purposes.

[@Silverwidows]

the fiat money system uses way more energy than crypto does, so an argument could be made that as technologies in green energy get better over time, the less stress on the environment could occur switching from fiat to crypto. You're never going to get green with mining gold, printing money and building sky scrapers used for stock markets and industries around them. Crypto on the other hand, the energy can be sourced from geo thermal, wind, solar and tidal, and as those technologies get better, cheaper, less destructive to the environment, the better for the planet, even if crypto is using allot of energy.

[@lPOTCl]

based on your logic since there is a 50% profit atleast on that energy being spent to make a btc. every store that makes 7-12% profit using electricity for their buildings full of electronics using electricity all day without being used more than a few times, should be shut down. does the fed use green energy when printing money? do the banks use green energy when doing all their online transactions? by your logic we are living in some utopia world when actually there are many problems to be fixed not only financially but in own governments all over the world. we already spend so much and get little in return for the richest people in the world to make and control all the money at this point anything to change that will be better.

[@svettnabb]

BTC mining doesn’t create jobs though (barely any).

[@unlockwithjsr]

It incentives more energy production and chip production, those two definitely create jobs. Plus it's also capital that people trade for, get money, then spend.

[@normalizedaudio2481]

Security guard, if you are lucky. $11/Hr. Sucks to be around those machines too.

[@each1teach1]

It also created software jobs

[@frankthefkintank]

You think that power, networks, hardware, software, real estate, regulation, etc etc etc - all just magically come together? It's a huge and growing industry - Real people doing real jobs - likely jobs that you are not qualified for.

[@svettnabb]

@@frankthefkintank - And there you have it. Going straight for personal attacks. I work in IT-security, I know how to setup everything to run this puny and poorly design "data centre", everything except utilities and building stuff I can easily do - and none of the latter require a lot of work. Two people can run a "data centre" that size, no problem. They are only more people now because they need to setup hundreds of nodes, that is not something they do when it is operational.

[@Dejan_23Unlimited]

Update, week after NY is banning big mining ... on the move, again.

[@ndginla8125]

This can't continue. The mining algorithm gets exponentially more difficult to solve as coins are mined. Eventually mining will be unprofitable and will stop. OR Quantum computers may make the computations trivial, and the world is flooded with worthless tokens. Besides, transactions are taking longer and longer to process. It was a bad idea, poorly executed.

[@ditlofj3280]

Great video

[@DavidNunezPNW]

The option to hide money under my mattress is also there but it doesn't mean it's a good idea lol

[@float_sam]

it will airflift to wherever the cheapest power and cooling that allows them to run

[@hygrometer]

cant wait for all of crypto to collapse

[@benmcreynolds8581]

Crypto has solidified to me that we intentionally make life "as complicated and inefficient as possible" and that you can make anything be money if multiple people agree to it. I really don't see how crypto has resale value, or actual use, like what is stopping companies from just saying they won't accept crypto as a payment type and if you haven't cashed out then you essentially have a bunch of made up worthless asset's. But money itself is made up and worthless. I just wish we could focus on lifting up the poor working families, if we lift up the lowest income and standard of living people, it would benefit the entire society and economy. The cost of living compared to the average person's income is so unbalanced and essentially could create a cascade issue of people not being able to pay their month to month bills that they are already struggling greatly to keep up with the lowest level of living costs in modern society. (I'm talking mostly America here)

[@benweya]

What would make us all agree something is money. If its a person or a group of people, that's too much power and too much temptation to be corrupt. It has to be something we can all be sure of, that's why it was gold before and its bitcoin for some people. All this complication is just so that one can be sure bitcoin will continue to work as money. You have to help yourself before you can help others, put on your mask before you can put it on others. Good money allows you to help yourself. Money with inflation helps the Govt help you. US Govt employees recently got a pay rise, did you get one as well?

[@baileyb9690]

It's value is this simple: it can be sent and received by anyone to anyone at any time of day with no third party . Banks and financial institutions are predatory. If you want to help poor people - stop signing them up for bank accounts and credit cards that are owned by PREDATORS!!

[@marcogallo2811]

It has no more value than our dollar in that sense. And as someone already commented, its only plus is it can be traded back and forth without any regulations. But having an inherent value? It doesn't have it any more than our dollar does, it's just an agreed upon value. And the people who are "advocates" for crypto like they mention in the video, and the miners of bitcoin don't give a damn about the communities they go into or about "decentralization" in reality if you look at their actions. The majority of them are just heavily invested into the asset, and will lobby hard to raise the price. And as soon as profitability isn't great where they're mining it, they'll pick up and leave those communities the same way they found them, if not worse. There's no evidence to the contrary to say they're doing good.

[@marcogallo2811]

The idea of crypto and decentralized currency in general sounds great. The other guy already said it (bank accounts, and credit cards, predators), etc... But the people mining and holding most of the power in the crypto industry are all at the top too. And they control the ups and downs of the market as they wish because they have the funds to do so. So it's not much of a difference, just different people in power.

[@baileyb9690]

@@marcogallo2811 the dollar is fragile because foreign interest can influence it. see the ruble. see the petro dollar. any conflicts will negatively effect the price. btc is neutral. you really think that has no value whatsoever?

[@fullcircle4723]

Very informative and I guess its what we expected long ago because thats why it was created - to fight against big bank fees and the like. But then again, there are many who can bypass the tax department and thats where crypto has no foot to stand on. WAP

[@JohnThomas-gq4of]

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[@mathewcarmen6507]

*I invested with Sandra jackson,too she charge a 15% commission on my profit made after every trading session which is fair compare to the effort she put in to make huge profit*

[@jessicakayata9337]

This is not the first time i am hearing of this woman and her exploit trading world but i have no idea and how to reach her

[@tracypatricia125]

I'm happy to see Mrs Sandra Jackson,she is recognized in the society, My cousin recommended her to me after investing $6000 and she has really helped us in time of pandemic.

[@JohnThomas-gq4of]

@@jessicakayata9337 You can message her on,Telegrm page below

[@forcesightknight]

How are they any different than the federal reserve, now that little guys can't compete?

[@skullmecca8492]

Bitcoin is ancient tech at this point and is a huge waste of resources just to track and make a currency compared to alot of other cryptos

[@DanBurgaud]

KEEP BUYING BITCOIN DAMN IT! BUY BUY BYE!

[@judgemanny9316]

if the main banking network were to KYC all crypto exchanges. all real money would be lost. and with so many ponzi rug pulls happening. its the easiest way to prevent it from happening frequently. as there wouldnt ve any use for crypto

[@i0.0t]

Weird video title... This whole thing was weirdly produced.

[@FUNKYFRESH707]

What a waste of time and energy ,when Bitcoin was made to make track and tracing easier and you think so called decentralized is the loophole out of regulations

[@maskonmotivation]

I just knew this was going to happen🔥🔥🔥🔥🔥🔥

[@JcCustomCreations]

Bitcoin isn't a selfish wealth it allows me to work internationally on crypto mining ⛏️ all the way here in Belize

[@Strimbles]

$SOS Ltd is the stock to invest in this story. They are currently setting up facilities like these all over the US, including hydro. Once everyone knows the stock will 10x-100x and many of us will be so RICH!!!

[@dahak972]

“Holy shit”, is that a journalism technical term? Have any of these vice reporters gone to journalism school?

[@jcmazrizona]

There needs to be regulation on these mining companies.. IE they must produce at least some if not all their own energy.. Leaching on "Cheap electricity" and driving the Electricity prices up is a byproduct that needs to be addressed.

[@ameerkhwin8788]

I bet you we don't tremble just because we use a lot of amount of energy, but when this energy losses affects our daily bills oh we're coming for a Bitcoin

[@gian534able]

Household consumers are paying more for their energy than those billionaires.

[@lPOTCl]

not only do they move to areas that are cheaper but they buy their own power stations to get electricity 40-60% off what they would pay. its just business, if you want the world to keep running; business needs to be profitable.

[@BakuganBrawler211]

We need to ban them here too unless it’s using renewable energy that the company itself invests in rather than relying on Americans to power them whilst we struggle to pay electric bills that rise over 30% due to corporate greed.

[@BakuganBrawler211]

Also notice all the bot accounts swarming the comments lol Winnie doesn’t like the exposing of his empire!

[@MoonLiteNite]

always good to see a video from vice when the answer is not "because racism!"

[@jessevanderhamm]

Maybe this guy has one location that uses water from Niagara Falls to power his processing but Doesn’t the electricity that’s mining all that Bitcoin just come from a different coal power plant somewhere else? I don’t think it’s as green as they’re saying…

[@kronickruesader]

It's not complicated at all, you just didn't want to take the extra 2 minutes per machine to unplug everything

[@rrufio3026]

We keep mining Bitcoins but how many bitcoins left to mine and how many years left till we get there to stop mining?

[@apbDWfudDPfMCkalgISv]

you've got about 100 years left

[@pmc9194]

You can literally look this up, and have the answer to both questions (ie. under 2million BTC, and the last will be mined in the year 2140).

[@rrufio3026]

@@pmc9194 how does it take 100 years to mine where as bitcoin started only in 2010 and already mined majority of it?

[@pmc9194]

@@rrufio3026 feel free to do research on Bitcoin Halvings. Or just google some research on when all Bitcoin will be mined.

[@tiagreene2674]

I dont know about this mining for bitcoin. Something doesnt add up to me. why does it have to be a mining activity surrounding this.

[@delusionnnnn]

You make a video about crypto, and all of a sudden the comments are full of crypto grifter spambots. The poetry of failure.

[@JK-gu3tl]

Bitcoin uses too much electricity, so it's reckless for Texas to even entertain this when their grid failed awhile back.

[@carholic-sz3qv]

Bullshit!!!!! Texas is actually the perfect place for it, Texas did not made their grid winter proof that was the problem. Texas is a gigantic power house from solar to wind and oil….

[@jeffsteyn7174]

0,05% of electricity produced. That's so much! 🤣

[@shanebluebutterfly]

Why would you ever put your expensive equipment in that dystopia. For every one this guy, there are 10 whose machines were taken by winnie the pooh.

[@dryzalmynelli9600]

Why are there so many scam bots talking to each other? Verify identities for every account. Problem solved.

[@mgtowlevel5293]

That Mayor is a joke. Needs BTC mining to have biz in Niagra? WOW!!! Just invite fent dealers. Criminal!!! No promotion of small biz.

[@giodew]

1:02 ??? Right, because crypto mining is 'clean'

[@robotfantome7404]

That's a lot of ASICS. I love her outfit. (not your regular phishing comment to make quick money in crypto)

[@DaringBob312]

Much more informed episode. Having people on for interviews that have been involved in the industry for years will give you a better idea of what bitcoin is and what it's trying to achieve.

[@desmondbello4144]

Bet they're pretty annoyed at the moment after the massive drop in price of Bitcoin!!

[@Silverwidows]

I like crypto, been in it for a while but it's not totally decentralised. Miners still rely on countries to accept them, and lets say every country in the world banned mining, that's them done, or atleast pushed underground. It probably won't happen, because law makers in one country will for go the energy consumption in favour for taxes from mining

[@dirt8589]

Self appointed, I want to live in that reality.

[@reymarkarevalo1024]

in short word if the bitcoin minning create work at that area the government give a free hand to them.

[@ZebbMassiv]

Explains the chip shortage

[@breakhart]

the question is how much power those machines needed vs how much money generated in an hour

[@dangda-ww7de]

If they are losing money then they wouldnt be doing it.

[@breakhart]

@@dangda-ww7de I know, I'm just curious how much that's it, since I don't know how much power those machines require to run, that's all

[@pmc9194]

@@breakhart if you're looking for direct figures and stats, I wouldn't know off the top of my head. But important thing is they are making a net profit per mining computer. Bitcoin miners' main strategy is keeping costs down per Bitcoin mined. Bitcoins mined per block will decrease as time goes up, but this wouldn't likely affect cost.

[@ZincFold]

China has better things to use its energy on. China is also rolling out its digital Yuan.

[@retrodave79]

The guy from the begining trying to sound "very ecofriendly" is insulting. "very disgusting carbon footprint" and then says "I need lots of cheap energy"... yeah...

[@cognitivedissonancecamp6326]

Vice host says you can advocate for BTC mining and just tax the shit out of them. Fuckin laughed at that - dude is just as much of a stooge for this subject as he was for weed. Is it journalism when all three dudes are starting all their sentences with "so....."?

[@MsTickle]

Save some Bitcoin for those of us running small mining rigs, please 🤣😊💋💋

[@fsarfino]

Curious how this panned out with the well deserved massive crypto flop. Your footage and references to business is incorrect using some footage & closed businesses that are in Buffalo & not Niagara falls, quite a difference between the two even though both cities are fairly close geographically.

[@nalo1728]

every year china bans crypto lmao. been to crypto since mt gox. i'm a gpu miner and yes i didn't sell. DCAing to $1m btc

[@maximusultra1847]

With the way currencies of government like Lebanon and Sri Lanka are crashing their local population would fair better locking some value of their falling currency by investing in crypto currency.

[@wyattlandon1914]

Great< video and some nice tips! This is a scary time for new investors but the best thing you can do is not to make decisions based on emotions. This could actually be a good time to buy more of your high conviction stocks or crypto on a discount. Wealth is created during bear markets, not bull markets. If your portfolio is really effecting your mental health then delete the app and go for a walk. Let the market do its thing and have a long time horizon. I buy and just trade long term more than ever, I have made over 16` btc from day trading with Mr Cederic in few weeks this is one of the best medium to backup your assets incase it goes bearish

[@wyattlandon1914]

*тє|є-gяαм @ C_Trade1*

[@betisabrownerf6032]

Wow I'm just shocked you mentioned expert Mr Cederic, I'm a living testimony of his strategies, he has changed my financial status for the best, all thanks to my aunt who introduced him to me

[@masonethan8107]

The way that some of you don't know about Mr Cederic ventures is slaughtering me even with the current market vacillations I actually win 89% of my exchanging utilizing their SiGnAlS

[@ailbhekayleigh5884]

Thanks a lot Sir for your awesome insights on market movement and introducing new potentials. Really appreciate you!

[@lassonhylkema9848]

I watched trading videos and tried to do it on my own but lost everything ?? It's not all about watching videos and wasting your time on strategies, as a newbie you need an expert trader like. Mr cederic

[@dontbestupid6664]

Look at all the scammers in the comments and KZbin won’t do anything about them. Pathetic.

[@normalizedaudio2481]

Dirty money from a dirty industry. We can do better.

[@hadror13]

Compared to traditional banking??

[@jeffsteyn7174]

Compared to dirty gold mining? Which uses far more energy to mine gold but only 8% of gold mined is actually gets used. Spare me your virtue signaling. At worst miners use the same energy that you and electric cars use. In reality 60% miners use renewable. That's a higher green energy usage than any industry uses.

[@Rhedox1]

@@hadror13 Traditional banking is orders of magnitude more efficient.

[@holdenwinters68]

Crypto is one of the cleanest industries. What are you talking about?

[@marshaljames6865]

GOOD CONTENT!!! Very engaging right from the beginning These are tough times and frankly I appreciate how you discuss global finances in such a delicate way. Business and investment are the best way to make money even under the nose of the pandemic😷.

[@waqasome]

He is saying dirty days of factory due to carbon. and will not talk about dirt due to device manufacturing and heat and carbon BTC mining is causing. They all care for money only. Not different after all.

[@GurpreetSingh-ij7fg]

Crypto uses so much energy it’s ridiculous

[@holdenwinters68]

TIL 0.2% is "so much energy its ridiculous"

[@juthecomedian]

Christmas lights in America alone uses 5x more energy. Which one is providing a service? Which one can we go without. Cell phone Chargers left in the wall in the U.S. alone could power the Bitcoin network for 3 years. No one is taking their charger out the wall anytime soon. No one cares about these things.

[@jeffsteyn7174]

Yeah tvs use more than double. But yeah mining is ridiculous

[@unreliablenarrator6649]

This has not aged well. Have fun in the coal powered Bitcoin crash.

[@virgilpalmer2427]

People think bitcoins are an actual product... like coal..? 🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣

[@laftiskuno1357]

Can talk to Plug Power Inc. for their hydrogen fuel cell data center backup power supplier.

[@andyvdw5839]

sure it will produce jobs, not only to maintain. think they will need more security then workers. knowing you see 8-10mil in 1room.

[@FUNKYFRESH707]

Bitcoin leans toward first and foremost to enrich the rich infrastructure builders & for the longest time china mining hardware manufacturers and offer centralized toll opportunities for the poverty to enter the network . high fees and slow speeds do not incentive the end user unless it goes thru a 3rd party counter risk ( lighting network)

[@damchi25]

There's no 3rd party counter risk with lightning if you use non-custodial wallets (e.g. Phoenix on Android/IOS or run your own node)

[@jcleveland9056]

Come to Avon Lake, Ohio!

[@716racingchannel]

Lmao you have No Clue what N. FALLS IS LIKE Welcome Too The Getto

[@griesrt]

Those are NOT $10k each. Those are old POS miners and are going for $300 rn.

[@kingofrivia1248]

Now im someone who is for freedom so i have nothing against this….BUT lets be honest it the biggest waste of energy and ressources on the entire world.

[@Scriptease1]

Imagine the 8 million dollar worth of asics would calculate something useful ...

[@Wigwhom86]

Like securing a financial system by validating each and everything transaction?

[@ivanrlynn]

Hydro plus Bitcoin, technology transendance

[@Telencephelon]

12:08 "Bitcoin as you can see is not something you can control" Power cut off, State cut off, Sanctions and the fact that you have to exchange for a fiat currency at some point. Right. Uncontrollable :D

[@CHEEZEE-2880]

mines should underground for natural cooling and noise cancellation

[@Benjibummi]

Ha….The US won’t rug pull you? Explain what the SEC did to all the Xrp investors then! 😂 Setting up a crypto company in the states is a huge risk

[@jpsimas2]

what a huge waste of power

[@DavetheLeg]

Why do you have a show dedicated to trying to reform or the apologist for Bitcoin mining. Cryptocurrency mining is a waste of electricity, is bad for the environment and bad for the commercial PC market. It's a net bad for society.

[@each1teach1]

It's nothing of a waste, compared to how much banks waste

[@jeffsteyn7174]

And you decide what waste is? If bitcoin is bad for the environment then so is everything else u use. If you upset about coal use then you should talk to your congressman. 60% of mining uses green energy. 1 terahash of bitcion computing power uses half the energy of the tv on your wall. It uses less than your light bulb. But yeah bitcoin is the problem. Gold mining uses double bitcoins energy and literally destroyed the environment. While only 8% actually gets used by industry. The rest sits in a vault or sits on someone's wrist. But yeah bitcio is the problem and a waste.🤡

[@Rhedox1]

@@each1teach1 The fact that you're even comparing the global financial system used by billions of people, doing trillions of transactions every day to the tiny niche that is crypto, says it all...

[@holdenwinters68]

Haters gonna hate. Same wrong arguments as always. Boo hoo PC gamers won't get a video cward to pway their video gwames. Meanwhile, crypto is allowing the BILLIONS of people who dont have access to a bank account be able to participate in a global economy.

[@each1teach1]

@@Rhedox1 no, I'm talking just about banks. A lot of transactions happen without banks.

[@JH-rz4xi]

China was a leader in crypto years before us now this 🤔

[@lakorai2]

Mining was done in China because of cheap labor.

[@thomasdriskill5254]

No power no Bitcoin...not centralized. 🤢🤮🐂💩

[@TimothyCHenderson]

The amount of bots in the comments section is astounding.

[@phamtruax]

Dont trust bit digital

[@plobsang]

I thought all the bitcoins are already mined. Can you still mine bitcoin ? Is bitcoinUnlimited ?

[@pmc9194]

No its not already mined. Bitcoin is not unlimited.

[@lPOTCl]

every transaction that fractions a bitcoin needs to be "mined"

[@dangda-ww7de]

Two asian speaking english about ccp in the usa.

[@joeyyusef]

Is there an Episode 8? Great job so far, loving the content!

[@Kaodusanya]

In the playlist it says one video hidden or something.

[@joeyyusef]

@@Kaodusanya Right, I'm curious to see what that is.

[@umu8934]

Crypto crash gone crazy this time 🙃

[@Telencephelon]

9:08 The whole culture and politics of China is geared towards looking for the long term. The make plans that span periods longer than Bitcoins existence thus far. So I take the Chinas judgment over some twitteri guy called Suarez

[@wtvrdwg]

Yeah cause china's judgment is just so good, you know I. 2022 forcing people in reform cmps bc the color of they're skin

[@ryandepta6361]

This is why we don't have shit for pcs anymore it's bullshit