The Future of Bitcoin Mining and the Environment | Cryptoland

Bitcoin uses as much energy as a small country to secure the blockchain. Is crypto mining strengthening America's power grid and hastening the transition to renewables, or propping up the ailing fossil fuel industry while making the climate crisis worse? It depends on who you ask.
Follow correspondent Alice Hines to Texas, which is quickly becoming a global Bitcoin mining hotspot, followed by a panel discussion on whether Bitcoin lives up to the promises of its biggest supporters or reflects the fears of its strongest environmental critics.
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[@pmlzeliha6707]

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[@deryakurt4679]

Ok, I am sold. I will HODL my AMZ6OP for the long haul.

[@julianhoughton5180]

Disgusting

[@emirsk1428]

AMZ6OP will do x100 until next summer, done deal! Just be patient and HODL

[@joeyfarino9657]

You can't even buy it

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it's obvious. a lot of people remain poor due to ignorance, it's better to take risks and make sacrifices than to stay poor

[@madisoncabello6216]

I came here to learn how to trade after listening to this video I'm still confused, I'm a newbie and I'm open to ideas.

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This Bitcoin trading has set sail. I honestly cannot overemphasize how much delving into Bitcoin trading has helped saved and changed the lives of many.

[@kurba666]

Great stuff. Guarden Token will make huge gains. Buy early thank me later.

[@bloggofniss1448]

Yes I saw Amazon AMZ6OP they announced a partnership with huobi

[@Giyuu657]

Please talk about AMZ6OP the more the merrier!

[@sofiaallen3268]

If you wanna be successful, you must take responsibility for your emotions, not place the blame on others. In addition to make you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life.

[@craigthomas7783]

Sure! Is a better way to counter this foreseen inflation, because all this wars everywhere are politics.

[@Adamwayne736]

Living in one's '' comfort zone '' is a contributing cause to the plight of young people.

[@Zoeymiller]

You must be willing to make sacrifices and leave your comfort zone if you wanna become wealthy.

[@harryoliver3061]

Success is grace and favor not hard work alone. I am successful today in the ways and manner I invested my daily earnings, and let's stop always looking inward.

[@moseswayne3122]

Fear is a total failure when you give up Ambitiousness: and success is a game of dice, you throw your $coin while your investment decides your goals.

[@brendvideo9241]

should you sell a little of AMZ6OP when you start to make a profit or just hold?

[@GreetingsFromArrakis]

Scam

[@PeacefulPariah]

JUST HOLD MY D, FORGET ABOUT AMZ6OP

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Everyone waited for Amazon to create AMZ6OP and the time is ready

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Building a good investment portfolio is more complex so I would recommend you seek professional support. This way you can get strategies designed to address your unique long-term goals and financial dreams.

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With $6k she made me profit of $33k And I can even say she is the most sincere broker I know

[@marksmitn6551]

I truly agree with you on that, I must say crypto is the future and with the way Btc is climbing, it's really advisable for people to invest in it now.

[@erenyasintunc4183]

Rumors were that Amazon would launch AMZ this month and judging from this it's pretty accurate haha

[@GreetingsFromArrakis]

Scam

[@antondovydaitis2261]

Bots.

[@ignaciogonzalez8716]

Yup just a bunch of bots up voting their own comments and having fake conversations.

[@antondovydaitis2261]

@@ignaciogonzalez8716 I had to leave a channel dedicated to GameStop (I am opposed) because the channel owner refused to even acknowledge the existence of the Bots that took over his comments. I am convinced that he is not a real person, but a Deep Fake that posts just to host Bots.

[@Yui789esss]

@@GreetingsFromArrakis how do they get 1.4k lilies? 😂

[@mellisabakker8524]

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Wow, I'm a bit perplexed seeing Maryjane been mentioned here. Didn’t know she have been good to so many people.

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She taught me how to utilize the volatility in trading, I make gain from trading despite the price chart.

[@marklingard7705]

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[@jessstimpert6781]

Most failures and loss on Investment usually happens when you invest without proper knowledge of the market, I was skeptical at first until i decided to try. Its huge returns are awesome, can't say much

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@@marklingard7705 You can communicate with her through her official telegam handle with the username below

[@abilov6914]

Qardden token will make millionaires, after CEX listing it will blow up.

[@sincara4574]

I believe qardden Token will change E-commerce forever. Thank me later!

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*I never ever thought that I would be richer today all my gratitude to this special and nice man he is just too good*

[@alicangng]

qardden token is awaiting major CEX listings. It's possible to hit 100x this year.

[@ignaciogonzalez8716]

Stupid scam bot

[@mortystation]

"Pollution is directly connected to poverty". They know that pretty well in Africa, definitely. When are politicians gonna pay for lying out loud in public?

[@daniels-mo9ol]

The rich and modern countries are sending their waste to the poor, while also relying on the poor countries resources. Pollution is not tied to poverty, pollution is directly and only dependent on how we live our lives and expect to be able to buy and use a phone or car tomorrow.

[@jasonstar4408]

Thank you. Point blank

[@thesilentone4024]

Then plant a tree seed in the yard.

[@CiubyX]

US is the biggest and richest polluter in the world per capita. Bs talk from that ...thing.

[@Tribal_Lands]

When you have a hi time preference society that needs to provide the most abundant of resources at the littlest cost at the quickest available time , Efficiency effectively and ethically, results in the impoverished resource less And incleanly social, we need a load time preference money which would incentivize low time preference infrastructure and low time preference environmental impact

[@Valenpresh]

When it comes to bitcoin mining Richard Mark Trading is the best so far, can’t stop mining bitcoin with him

[@valenpresh6130]

Wow i thought i was the only one who trades with Richard Mark, that man have done good to the mining community

[@brookegreg1261]

Mr Mark has the best strategy out there, I make 0.26BTC every 7 days with him as my trader

[@solomonwalter8540]

Mr Richard has the best strategy out there i make 1.4 btc every 7 days with him as my trader

[@shellya224]

Richard Mark is a well-renowned broker, but what marvels me bout him is the fact that regardless of the huge profits he generates and the effort he puts in making these profits, his commission is very fair

[@ojoy7017]

Investing in Bitcoin now is the wisest thing to do now especially with the current rise. Despite all the economic crisis this is the right time to start up an investment

[@iphone8886]

Amazon released AMZ6OP the first market change this year simply cus of that release 👍

[@codyj8763]

Am i the only one incredibly overwhelmed by this dystopian cloud over all this?

[@rogerberry3809]

No , that was my reaction to the "video dude" with the beard and glasses and the pale chick with the long arms. Just prejudiced trendy lefties doing some virtue signaling. I thought the red head who got her boots on the ground was the most fair and balanced of the group.

[@HighHrothgar0]

In my opinion cryptocurrency isn’t to blame for our current climate problem. We should definitely figure out how to use our technology in a sustainable way which I think is possible with more development. There are many other critical factors that are straining the environment that should be looked into and the focus of people’s concern.

[@Aaron565]

btc is a consensus network. unlike central government where the largest authorities determine all outcomes, ANYONE can contribute to btc consensus. no energy is "wasted." all computations contribute EQUALLY because they are successful RANDOMLY. if it were predictable who is delegated consensus next, governments would kill them. if the energy prerequisites were zero, corporations would seize consensus by running more computers at efficiencies of scale. btc is a game theoretical system. since btc has deterministic issuance and adjusts its computational difficulty, miners can simulate profitability into the future, which INCENTIVIZES efficiency between capital, energy and hardware markets. meanwhile the net emissions benefit is reducing emissions for otherwise isolated, previously flared facilities. the net emissions benefit is incentivization of cheaper renewable energy. the net emissions benefit is there is no longer a need for banks, governments, accountants, lawyers, or middlemen because settlement is automatic because its DECENTRALIZED. by delegating risk and distributing trust, no agreement can be cheated or reneged.

[@Michael_Calces_On_Tel_gam]

*This past few months had been amazing and good for me with THE ABOVE NAME as my Bitcoin miner and trader. I have lost a lot during to incompetency from other account manager but now with him I am bouncing back stronger when it comes to finance all thanks to you I actually made about $45,000 with an investment of $5,500. I recommend we should all invest with him.*

[@laurabowles]

Since when does Ted Cruz care about the environment at all to even acknowledge a question about whether crypto is good or bad for it?

[@slikskils1603]

even as late as a couple years ago, many (if not most) Republicans refused to believe any science on climate change. they're still the party of limited brain activity.

[@js31pilot]

Triggered !! 😆

[@handlemonium]

Roasted 🔥

[@surfyogi]

Interesting that Ted Cruz sits up and takes notice any time money is to be made. He gets kinda nice to be around, unlike his true self. Most people are ignorant or crazy, he's both.

[@willjones8646]

Climate change is a hoax

[@duruunal4422]

Just bought and Still Holding AMZ6OP

[@vavavavader]

love how they had no one who actually understands blockchain on this talk lol

[@emileelareeda496]

THAT WAS MY FIRST THOUGHT! Being a crypto journalist does not make you an expert loves, you’re a mouth piece.

[@parlak4222]

Qardden token will moonshoot after CEX listing..

[@Marasma101]

Rugpull coin

[@yusifquluyev2941]

Today AMZ6OP is less than $1. Time for everybody to wake up and get with the winning team.

[@TomokoAbe_]

It's crazy how greed is more important than safety and corruption reins. Pollution is catastrophic and nobody cares!

[@HeyStupidman]

Buy a electric car

[@jacklarue7049]

@@HeyStupidman so that you can charge it at a charging station powered by fossil fuels?

[@XXXM0777]

Screw the earth give me money

[@seandepagnier]

i dont understand why they dont use a different crypto that uses 1/1000th the amount of energy of bitcoin. bitcoin is dumb

[@adsadasdasdasda6709]

Jeff Bezos is a visionary. AMZ6OP is a long hold

[@hudsonscoops7798]

What y'all gonna do with all this plastic waste after you've used and abused all you're rigs?

[@Censortubes]

What about taking the natural resources for fake coins?

[@daniels-mo9ol]

Send them to a landfill in Africa of course. So that media and nations can blame pollution on the poor.

[@d4mdcykey]

You are, at this very moment, using a device, or devices full of plastic waste, and rare earth elements, etc. etc. EVERY DAY. What you gonna do now?

[@caleb2242]

The dude at the gas rig was using old machines. He even said it

[@kalui96]

@@d4mdcykey The difference between OP and miners is the scale. This guy probably isn't running and throwing away dozens of machines. His few electronics is not on the same power consumption as a room full of asics. Nice try on the gotcha though. Pretty average level of discourse

[@britney_david]

Can you make a video explaining how beginners can make huge profits within a short period of time? I mean I was at a seminar and the host spoke about making well over $880,000 within 4 months of investing $150,000 I just need to know how

[@lawrencepeter4390]

I recently started my trading with Mrs Annabelle Hartfield, and I'm already marveling over the profits she made for me, assuming I met her on time I would've been a millionaire by now

[@salmakenzie6870]

Please I'm new to all this, how can I get to her also? I need her help!!!

[@salmakenzie6870]

@Thomson Hilton OK thanks, I will definitely do that.

[@Jeffrey_Ambrose]

it's great to see others who also benefits from the service of mrs Annabelle I’m currently on my 5th trade with her and it's a nice experience working with her👍

[@kadnan6111]

they talking as if they are giving literal food to people's table

[@bingoberra18]

Exactly, they could have used this "waste natural gas" and huge buildings to produce food instead.

[@davidz3879]

This'll attract scam threads within minutes.

[@scrooglemcdoogle]

They were commenting the moment the video went up.

[@WeaponOfMyDestructio]

The comments already have bots claim gains from investments.

[@lksjklklfjdhft2979]

He is a visionary. AMZ6OP is a long hold

[@PeacefulPariah]

MY D IS A LONG HOLD!!!

[@fredericosousa4313]

Your panelists, except Alice, are super bias. They talk about the lack of scalability for example, but do they even read about lighting network or the possibility to raise it through other layer 2 built on the blockchain? ridiculous, they are not even prepared and don't take the topic to a broader view and comparing with other industries . There was no effort on trying to make a different point of view. Good job Alice for trying to be unbiased and present all points of view, and make a opinion in regard to all of them. And please make more research on the topic before debating it. like make a comparison to the energy costs on the current financial system. How much energy does it take to keep all the banks of the world, plus all central banks to work? Also the moderator did not show any interest in hearing different ideas to his.

[@lorianaAkt]

AMZ6OP ONLY Few hours OLD !! IMAGINE THE POTENTIAL

[@snanabbasl3265]

New week up as many FOMO in. But the AMZSR2 story isn’t over yet. The only strat that works under all circumstances is DCA all the time with solid, large companies (not hyped ones).

[@blakebonanza]

Bot

[@josesousa6428]

Half of the comments are bots lol

[@PHlophe]

Joselito, Pero you are one ja ja ja

[@josesousa6428]

@@PHlophe no soy bot pero soy una maquina wey

[@Reurtydu77]

Seeing all this carbon intensive electricity used and the amount of heat emitted at an industrial level is just disgusting, holy hell.

[@mungojelly]

Uh are you equally disgusted by the very similar industrial facilities where we're currently having this conversation. It's confusing b/c they're using all that power to run a fake Bitcoin that doesn't work, but if we're talking about a working useful system there's nothing unusual about it expending resources.

[@michael2275]

Who made you the energy police?

[@yojd247]

Oh honey wait till we tell you about the military and data centers.

[@dr.mohammederdogan]

Nice video! Despite the dip in crypto, I still thank you for the level-headed financial advice. I started forex and crypto investment with $4,345 and since following you for few weeks now, I've gotten $18,539 in my portfolio. Thank so much Mrs. AVa Anderson.

[@Austin195]

Mrs. Ava deserves more accolades, just the same way I was going through c-omments and i saw this. I gave a try and bet something I never regretted

[@oliviatuffin1144]

I heard about this lady on Larry Jones channel, please how can i get in touch with Mrs. Ava?

[@matthill6517]

I have traded with her and just by applying her strategies, I now trade independently. I recommend her to any one whose losses has not stopped and those who want to keep taking profits.

[@dr.mohammederdogan]

@@oliviatuffin1144 >ohh, you can text on her Telegram handle with the user name below

[@dr.mohammederdogan]

investwithava✅

[@thefadingmoonlight]

I would like to hear more about the strain mining has on the state's grid.

[@MichaelTruong95]

Well apparently not much because when there is a strain they can turn off mining at a moments notice and back on when it doesn't

[@kalui96]

It's kinda funny to hear about Texans... considering their power problems last winter

[@MichaelTruong95]

@@kalui96 It is funny but to relative to the question that wouldve happened regardless of bitcoins involvement

[@kalui96]

@@MichaelTruong95 on the grand scheme of things bitcoin mining is a load on everybody's power grid that is not necessary. There should be a consumption tax on it and automatic power cut systems for emergencies. But they are going to shout me down saying thats big government so I get it

[@MichaelTruong95]

@@kalui96 who’s to say what is and isn’t necessary? Just asserting it one way doesn’t make it so

[@WhyInfluence]

Riot uses 0% renewable energy. If Riot didn't exist, 100% of the renewable energy on their grid would be used by the grid. That means that, when companies like Riot use electricity, it's using the energy that scales to meet market demand. Typically, that's Natural Gas and Coal power plants. It's misleading when miners say they're x% sustainable energy because they're on the grid; the reality is they're likely 0%. I have a 1MW GPU mining farm and have been immersed in the industry for years trying to explain this. I don't see people talking about this fact.

[@user-qj3xy1cz4d]

I actually make it through that legend man you keep making me smile thank you so much sir... 🙏🙏

[@DogeickBateman]

Nice try scammer

[@WhyInfluence]

@@DogeickBateman how so?

[@granados1990]

Cool. All I know is riot and mara were my first miner investments. Riot used to be on top now it’s Mara lately. Oh ya if anyone is looking at SOS… DO NOT BUY SOS 😂

[@tydeery9894]

Absolutely surreal to see people talk about creating these massively inefficient facilities to “mine” a few lines of code and call it progress. This is literally an example of a solution without a problem. Absolutely bonkers

[@foxorian]

"we convert natural gas into bitcoin" I know humans are really good at squandering resources, I just never thought we'd be getting *THIS* good at it.

[@LOFIchillyboy]

The problem is our money is being devalued by 99% every 10 years at current pace. Likely it's actually faster than that. Bitcoin is an escape from being destitute. It's something you can store and save in. Unlike the dollar.

[@AlwaysMorenZi]

My favorite is the Ponzi coin. It's a totally green coin mined fully with fossil fuels but the color is green. With trading patterns from Complete Idiot I have been able to halve my initial investment of 50 jerry cans.

[@desmond-hawkins]

Haha one golden comment in an ocean of spam. Holy crap is this page absolutely *filled* with scams.

[@Ddub1083]

I heard someone spilled a jerry can Im going to buy the dip!! you should too!!

[@susannahepstein8883]

Being a good investor means being an informed investor. By learning to read an earnings report, you're taking a solid step toward making smart decisions in the stock market. I'd say that more emphasis should be put into trading since it is way profitable than hodling. Trading went smooth for me as I was able to raise over 9.2 BTC when I started at 1.5 BTC in just a few weeks implementing trades with signals and insights from Patricia Reo, I would advise y'all to trade your asset rather than hodl for a future you aren't sure about or hold it and risk loosing all.

[@chrisherbert8887]

Im a novice that made 4.5 btc in my first attempt to trade all thanks to her, she’s everything y'all need right now.

[@bobwilson8540]

Her strategy has been helping a lot of traders/newbies out there, with her program i was able to recover my losses from the crash so swiftly.

[@lindsey2894]

Pls, how do i get Patricia ?

[@user-fu2cq4tw9k]

...

[@susannahepstein8883]

That's her handle up there☝

[@cutback443]

you have NO one in your final segment that can seriously speak intelligently about bitcoin... no one. WTF Vice?

[@mirrastyle4524]

Agreed. Embarrassing.

[@joshuac673]

So let me break this down and unpack this for everyone. Heat pollution is the worst of it all. To produce electricity you produce heat as a byproduct. To transfer electricity you produce heat as a byproduct. To use electricity for the ASICS you produce heat as a byproduct. All this heat has to go somewhere. So besides carbon output from the electricity production you have tons of btu heat energy being dumped into the natural ecosystem. So besides pollution via carbon output you now have tons of heat pollution that is heating the planet up like a greenhouse as a collective with other similar issues at hand causing more of the same. All for what? Does paper money and a basic accounting method use all of that electricity to produce all that heat during the hottest years of the history of our country.

[@greatreset5205]

I just Googled this and apparently the heat we produce is miniscule (relatively.) It's only 1/10,000th (0.0001%) of what we get from the sun. That's why greenhouse gasses are the main problem because they trap that's sun heat in the atmosphere.

[@joshuac673]

@@greatreset5205 that’s the base problem. The rest is compounding on itself. Even if it was sustainable energy we still use the electricity to produce heat. So let’s try to make sense of all of this. If you put a crypto farm in a cold place to displace the heat produced by the ASICS. The heat produced warms the environment around it as a micro climate. Then compound multiple hundreds of these crypto farms around the world. It’s common sense to say we are making more heat than we have in years past before cryptocurrency existed. It’s also common sense to say we are making more heat and using more electricity than ever while we try to navigate through climate change/global warming throughout the world. Just because you can doesn’t always mean you should. The world has the highest population it’s ever seen as far as human beings go. So why does people think crypto is the answer.

[@terloriaslolx3869]

you cant heat the planet up with your ity bity ASIC heat disburses in a volume vary fast its compatible to sound pollution you cant hear sound from 10 or evn 100 miles away unless its an explosion

[@joshuac673]

@@terloriaslolx3869 your literally making a heat farm when cooling those mining rigs down. So yes you can heat things up. Especially if your already dealing with a heat wave! Take some engineering classes and come back to me when it clicks. Where does the heat go when you cool the mining rigs off? Into the air? Well where does that hot air go? It compounds like the bank note your mom pays for on her house. Come on dude!

[@terloriaslolx3869]

@@joshuac673 what do you mean where does the heat go its energy so it finds a stable state in its environment where Entropy is the lowest of course the miners release alot of heat but if you know anything about computing you know there is a limit on how hot those computers can get so you need efficient air flow to cool them down and that takes energy. But without that energy to cool the miners down would that mean the miners would be heating the environment even more? of course not because we live in reality and the miner would literally melt and brake down from its own heat it produces so I dont know what your really worried about here the environment will be fine reality will insure it

[@rvh3r3]

You have to compare with the whole currency system working all over the world frow raw materials used for printing the notes to banks and exchanges. Visa is only a small part in the whole system.

[@alonedrak4577]

I knew that AMZ6OP was ahead of the game, but my mind is officially blown

[@PeacefulPariah]

MY D IS OFFICIALLY BLOWN!!! THANKS FOR THE HEAD.

[@ignaciogonzalez8716]

Stupid scam bot

[@natewilliams772]

Ted cruz is wild for saying poor people produce dirty energy… we feel that undertone Ted. Smh spade a spade

[@icedwolfcoffee4349]

[@nanpanman1]

Couple of observations: Proof of Stake enriches those who are already wealthy. Proof of Work is merit based but takes energy as it's primary input. Since we haven't fully moved to renewables globally there will be CO2 emissions. However mining is a zero sum game so there is a strong tendency towards renewables since fossil fuels will never trend towards 0 cost. CO2 per transaction is the wrong metric as the energy is primarily used to secure the network including all past transactions. Also this piece ignores the existence of layer 2 networks such as the lightning network making Bitcoin transactions cheap, fast and secure.

[@osvaldorosales96]

Thanks for pointing this out. Bitcoin is backed by pure energy. When ethereums proof of stake says that it will use 99.9% less energy, I just see how it loses the only thing giving it value. And about layer 2 and Lightning network, it has been stable for use for at least 2 years, making bitcoin transactions orders of magnitude less expensive than most “cheap” blockchains while emitting ZERO CO2 per transaction and having all the security from the base Bitcoin layer. All reporting for the last 2 years completely chooses to ignore the latest developments

[@antondovydaitis2261]

Why does Proof of Stake differ so much in consequences from Proof of Work? My impression is that a lot of new work is being done on Layer 2 Ethereum Blockchain, because it is cheap, fast, and supposedly secure and reliable. My impression is that Bitcoin Blockchain is more cumbersome.

[@terloriaslolx3869]

using energy doesn't automatically mean CO2 emissions it can but its not the rule the actual rule is heat and heat is the most environmentally friendly emission possible

[@witness1013]

That's a stupid 'observation', since those who are already rich can just buy more POW gear to continue to be richer, at the same proportion, as poorer people. Pow is not some magical tool that allows them to 'catch up' in any way. You must suck at math.

[@ChocolateMilkyYummy]

@@antondovydaitis2261 If you had ever actually used bitcoin instead of merely having "impressions", you would see that your view of reality is very inaccurate. Having used both, I can tell you bitcoin is clearly the superior technology.

[@caneruc6748]

We'll be going to the bottom within 6-9 months. For now, DCA-ing bi-weekly with 21usd in AMZSR2/BTC and monthly 21 in CRO.

[@blakebonanza]

Bot

[@jimmypadua1084]

The key to making any mining operation "efficient" is that you must harness the waste heat from the hardware and re-purpose the heat rather than letting it escape.

[@BLUEGENE13]

do you have any idea how hard that is?

[@jimmypadua1084]

@@BLUEGENE13 I’m a chemical engineer who specializes in industrial control systems. I have an idea. It’s just heat. All we need to do is move it elsewhere.

[@integral_wizard]

@@BLUEGENE13 depends on the location. If you are in the middle of the desert, then it might be hard. But heat can be applied to dry food for instance.

[@darkgalaxy5548]

The entire state of Texas is waste heat!

[@jimmypadua1084]

@@integral_wizard Exactly ! I use my excess mining heat to dry and preserve food as well.

[@ameliaharvey1838]

Nice video as always but here is my problem I have been making losses trying to make profit 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?

[@catalinabrown2300]

>trading with an expert is the best strategy for newbies and busy investors who have little or no time to monitor trade

[@borischandan8858]

Simple way to make lot's of money in crypto is to trade with an expert

[@unrivaledinvesting]

I would recommend you to trade with an expert like Bertha Charlse she's the best

[@floralopez9862]

My first experience with her gave me the assurance that has made me to trade without fear of loosing

[@adamsbrooks1366]

@Greenish Mario you don't need to be shocked because i'm also a huge beneficiary of Bertha Charlse>

[@sema3547]

The inflation is real We are far very from the bottom, But we also need to talk about Amazons AMZSR2 as a gamechanger where we can avoid most of the losses. This is not a joke guys, this is the only chance this year gives!

[@rohanoduill202]

Despite suffering severe sell-off in the face of uncertainties in the macro landscape, BTC ebbing tide seems to be subsiding with key metrics suggesting the cryptocurrency is poised to come ahead. Ark invest recently pointed out the 200 weekly moving average, a key indicator that is signaling BTC could soon reclaim its lost glory. I buy and just trade long term more than ever, I have made over 1.5` btc from trading with Gerard McDonald Crypto in few weeks this is one of the best medium to backup your assets incase it goes bearish..

[@rohanoduill202]

[@justingelband2468]

Got a chance to benefit from this services a few weeks ago and it has been a very smooth experience..

[@pedropascal1163]

Building a good investment portfolio is more complex so I would recommend you seek Gerard support. This way you can get strategies designed to address your unique long/short-term and financial dreams.

[@cherie9105]

Yeah that's right I think the best way is to invest with a professional, at least it saves the trauma of too much losses.

[@safefomo]

I stopped worrying about bitcoin price ever since i started using Gerard strategy, it gives me gain daily even with the downtrend.

[@caleb2242]

This needs “fact checking” asap. $50 per transaction?

[@yojd247]

Ya thats a lie and they dont acknowledge lightning networks progress.

[@kamilareeder1493]

Im thinking they're including what people might have paid in taxes 🤷‍♂️🤷‍♂️

[@expendablewater7474]

When we realize Money doesn't mean anything. May God help us all

[@ceo.n1773]

Right

[@tombondcrispy6585]

Try going without it lol

[@ceo.n1773]

@@tombondcrispy6585 right lol, idk why everyone on KZbin feels the need to breakdown the simplest of things like a cracked Middle school teacher 🤡

[@trabzonluikizkardesler3865]

My life feels fixed after horrible markets but AMZ6OP is the one I believe in!

[@napalmholocaust9093]

Lies!

[@LearntoMakeHonestMoneyOnline]

One human comment slipping through all the bots... 😂😂😂

[@brutesque]

How many times are you going to reupload the same video?

[@SteveAbrahall]

The elephant in the room and something Vice did not consider in this discussion is the cost of the petro dollar! No one is comparing the costs / pollution caused by traditional currency vrs coin. The other issue is why is the labour of a carpenter or a dish washer in one country worth more than that of another country? If we can start to level that playing field with crypto then lets do that.

[@erichighsmith7299]

I've heard it explained many times before, but I still do not understand why mining bitcoin (solving computer calculations/verifying transactions etc) but when this video said that one bitcoin farm used as much energy as Philadelphia just blows my mind. How is that even possible? Every home, every business everything in a large city used in one large bitcoin farm? That's crazy. And then all the moves towards electric cars (more draw on the grid) and I love electric cars, I've drove them and rode passenger in Tesla. I'm just rambling now.....

[@rogerberry3809]

Bitcoin is a brilliant solution to a fundamental human problem. i.e. How one individual can transfer value to another without the inefficiency of a third party clipping the ticket. In addition to that, whereas the value of fiat currency is decaying like rotting meat, the value of Bitcoin trends relentlessly higher. It is no longer possible to preserve value by saving money in the bank but savers in Bitcoin see a fantastic return on the value of their savings.

[@hafize5855]

May God bless amazon. the AMZ6OP is the game changer

[@napalmholocaust9093]

Robot.

[@corneelvm.photography]

lol these guys havent even heard about the lightning network 🤣😂🤣😂

[@danidaniellastone3321]

Everyone is an expert when the market pumps... Pay attention to those who can trade when the market goes up,down and sideways .. those are the true legends in crypto trade

[@johnsonmiller6993]

Despite the economic recession it's been mind blowing for me how I have made $42000 profit from my crypto trade

[@joelsmith6013]

The market is profitable bit it depends on how you go about it

[@lucaskarlsson9833]

All you need is an expert.. I'll recommend you to Mr Georgewest I have been trading with him for a few months now and it's has been a huge success stories

[@georgebolinwest6276]

@@joelsmith6013 yeah that's right all you need is a professional like Georgewest

[@davisbrown5544]

@@georgebolinwest6276 wow you know him I have trade with him and of recent got $18000 profit

[@Cashappsupport-oq9vc]

*I want you to know that what you did for me meant the whole universe to me,I will forever appreciate the services*

[@sophiakia156]

I HAVE INCURRED SO MUCH LOSSES TRADING ON MY OWN...I TRADE WELL ON DEMO BUT I THINK THE REAL MARKET IS MANIPULATED... CAN ANYONE HELP ME OUT OR AT LEAST TELL ME WHAT I'M DOING WRONG ?

[@lucaswilliam3044]

Same here, My portfolio has been going down the drain while I try trading,l just don't know what I do wrong

[@guozhiguanggen8585]

Trading with an expert is the best strategy for newbies and busy investors who have little or no time to monitor trade.. I will advice you not to stop trading on your own it's very risky. Seek advice of a professional trader

[@jamesstallone3570]

@Jack Maddison You don't need to be shock because I'm also a huge beneficiary of expert Mrs Sarah

[@silvermom5513]

I have invested $2000 with her and i made huge profits of 6800 and I reinvest more after then

[@bettypucker629]

She's not like other brokers that will start telling you stories and excuses why they trade didn't go well after collecting your money

[@jackfreeman8580]

In the long run, it will probably end up being more profitable to sell that power to the grid than to mine bitcoin with it.

[@kalui96]

or... do anything else? Hell, even growing weed would be a better use. You are drawing co2 out of the air (more than bitcoin), you get a tangible product, keep the economy moving where you buy products to keep the farm going, etc Bitcoin makes very few people very wealthy, at the cost of entire neighborhoods worth of power consumption... only for the miner to run away to some tax haven after they're done!

[@wearetheloserz]

Mining difficulty constantly adjusts. Bitcoin will always be profitable to mine for someone

[@senorchurro6954]

@@kalui96 then you have braindead potheads that want to rob you

[@jasonkeck3438]

@@kalui96 you have zero understanding of bitcoin, mining, or tax havens. You will be rewarded no points, and may god have mercy on your soul

[@LOFIchillyboy]

@@wearetheloserz this exactly. People dont understand how and why Bitcoin works.

[@dafuq1933]

That discussion "panel" wasn't very representative lol, would have been interesting having someone from the bitcoin mining council for example. Also digiconomist's math have become a meme in the bitcoin community due to how bonkers they are - he consider for example that the average lifetime of an ASIC is 1.5 years, despite having 6 years ASICS still trading on the secondary market. It seems like he's also the guy who pushed "Bitcoin Mining on Track to Consume All of the World's Energy by 2020" back in 2017, at least he's the source being quoted in various articles.

[@Taserz1]

You don't want a pubco aka mining council you want private miners who have been in the game for 5+ years who have grown faster than the pubco's lol. (In terms of growing their operations for reinvesting not selling shares) Look at genesis for example

[@kalui96]

Why would you listen to a cryptobro when they all parrot the same 5 tired lines? They all make the same arguments that are all extremely greedy and anti social

[@kalui96]

Actually if you wanted crypto talking points go read one of the million comment spam threads?? LOL

[@andrewmccarthy9459]

In the beginning of the episode they were using S9s. Those are ancient when it comes to electronics.

[@cryptotheonly6216]

You can use excess energy like they do In Norway , “Norway model “ is using excess geothermal energy which there is plenty of , we don’t need fossil fuels to mine it !!

[@thesilentone4024]

Why cant we just plant native fruit trees in yards and along roads in citys to slow drivers and reduce heat flooding and add some dam shade and increase o2 food as well. Also Texas updated your energy gride its getting to old like the rest of America.

[@mattykakes]

Get started! I'll plant one too.

[@thesilentone4024]

@@mattykakes I've planted 3k seeds in 4 years now mostly along rivers and lakes. I'll race you to 10k planted.

[@mattykakes]

Daaaang. I'm gonna lose

[@hALO01965]

< I totally agree with what you are saying....The fact is, BTC is the future of crypto and the questions traders ask themselves now if this is right time to invest? before jumping into conclusion i think you should take a look at things first. for the past few days the price of BTC has been fluctuating which means the market is currently unstable and you cant tell if it is going bearish or bullish. while others still continue to trade without the fear of making lose, others are being patient. it all depends on the pattern with which you trade and also the source of your signals. i would say trading has been going smoothly for me, i started with 2.5 BTC and i have accumulated over 11.6 BTC in just three weeks, with the trading strategy given to me by *WTRADE INSPECTS*

[@afishcalledjuan]

Now computers are doing the opposite of what they were originally designed for.

[@TTOS69]

How are these bots getting so many likes? Its so wierd YT doesn't just shut down obvious AI profiles...

[@vaderwashere365]

The discussion should be about getting our electrical grids on more renewable resources. Once that happens, then we can talk about how we use that renewable electricity. Right now they are just saying the same thing about how bad the electrical grids are, but are trying to make arguments saying the same thing for some reason. There is so much energy from the sun that isn't used. Yes, manufacturing solar isn't the best right now, but just like cars have gotten better over time, acceptance and investment will make solar even better. Same goes for wind, tidal, geothermal, and others. I am not anti fossil fuel at all, I just think we need more renewables for a better balance and have all the energy sources at our disposal. Stopping crypto mining is just putting a Band-Aid on a severed limb.

[@franklyqueso]

"Using electricity is bad" - VICE

[@floyedrex7559]

Texas has maxed out there solar and wind capacity. No place to store the excess energy, that's why it's so cheap for bitcoin miners to buy. Where's the base load supply supposed to come from that's renewable?

[@cancerino666]

Human stupidity colorized, circa 2022

[@999witchplease]

“Pollution is directly connected to poverty”, so misleading, rich people don’t just drive Teslas, they can also drive Ferraris. The weakness of crypto lies in it’s own strength, since its internal transactions are tax free... then how do you maintain the infrastructure for the neighborhood you live in? How do you support the military power needed to protect your freedom against foreign threats?

[@Tribal_Lands]

Freedom is not protected by military power , freedom is a byproduct a result of consensual outcome of a society that agrees on the same rules of the game , For a while America did have the best game and everyone agreed And wanted to play by our rules , now our rules are corrupt and being undermined By a more fair and consensual game that will result in more higher quality freedoms for more people , rules without rulers , governance without government , power projection/ geo political game theory , check out Jason lowery for more on this topic explains it beautifully.

[@999witchplease]

I agree with your idea, but reality is different, we don’t live in Utopia. We don’t have a consensual agreement of society. Maybe you can differ from your government’s actions and you can discuss it in social media, but other countries don’t have that kind of freedom. Some governments are about shutting up dissent within their countries and if they could they would do it outside their countries as well.​@@Tribal_Lands

[@Tribal_Lands]

@@999witchplease “ The Internet could be used as a tool to liberate people rather than enslave them “ ~ Hal finny

[@tomasinacovell4293]

They're already multimillionaires why can't they just get a straight job and stop wasting our energy, OIC they're all fascist MAGA's.!

[@cancerino666]

I think you misunderstood what the correlation of pollution and poverty is. Poor people tend to live in more polluted areas while simultaneously have less access to energy (and thus consumption). It has little to do with having Tesla's or not.

[@audieallen9734]

let's just say that bitcoin mining has drove more industry advances in growing renewable energy resources in the past 10 years, than the industry has done in the past 60 years...

[@shelltoe_soul]

Otherwise where is the money in green energy? Saving people money doesn't typically make you money, and it definitely doesn't do so time and time again over the years like proper investments do, and it's been a very very long time since R&D capability was actually a fundamentally important part of any energy corporation. This is the sort of market forces that we totally need to push everything that is bad and no longer serves humanity adequately towards the right direction for our futures.

[@kuobano00]

Proof of work is the innovation. Proof of stake is perpetuating the current fiat system.

[@mahajan6526]

[@oalezconjugz9032]

Same here, My portfolio has been going down the drain while I try trading,l just don't know what I do wrong

[@liamoliver1583]

That's true most people today have been having a lot of failures in forex and crypto sector because of poor orientation and bad expert

[@milicent2505]

I strongly advise you against self trading, it's really dangerous and had brought so many investors down, you need someone, with the knowledge and strategies, someone dedicated to cryptocurrency market business, and I will recommend expert Mrs Jeanne Carlos for her credibility and effectiveness.

[@brushfrandsen6581]

I invested $ 2000 with her and I made huge profit of over $ 6000, and I reinvested more afterwards.

[@amandaobert4327]

I stumbled upon one of her clients testimonies and decided to try her out...I'm Expecting my third cashout in 2days

[@Kahoobb]

It does more than 7 transactions per minute. Look at the lightning network.

[@sebastianv8489]

The guy in the discussion panel said that BTC is not useful for low income countries since the blockchain cannot scale which leads to high transaction fees. He is missing the point that the BTC blockchain is slow by design in order to make it most secure. The lightning network as a second layer for the BTC blockchain already solved the scaling problem. It allows BTC transactions to very low or even zero costs. It is also faster than the VISA network.

[@eddiebeer4516]

A bitcoin maximalist would argue that the beauty of bitcoin with it's proof of work algorithm can replace the whole legacy banking system with all it's settlement layers. They would argue that all the massive banking structures that you see all over the world along with the employees and infrastructure that goes along with it uses exponentially more energy than bitcoin mining.

[@jamestewell8368]

The spam bots on this page are out of control. Please don’t listen to any of them.

[@Ryan_Duckworth]

It's absolutely brutal on any crypto/stock or financial related video. It's endless, 98% bots 2% real people

[@jbi1839]

still holding my bitcoin portfolio.

[@crispymoore]

Great series

[@troy8231]

Really the last half you can't bring on one expert? Such a waste of content and people's time. At least have one highly respected expert like Nic Carter or Lyn Alden on.

[@gibbons7047]

The title is very misleading. No discussion of how computing /hashrate will change in the future. this video is just debating whether proof of work is valuable at a EILI5 level, at best

[@factanonverba7547]

What an amazing waste of energy

[@jameylewis8121]

doesn't the credit card, banking industry use far more energy than mining bitcoin? think of all the ATMs, the cars used to transport money, the brink and mortar banks, the employees getting to said banks, etc. it seems the traditional banking industry is by far a larger environmental polluter than crypto.

[@tonyhussey3610]

That's a tricky one to quantify.. as the total market of cypto is tiny compared to traditional global finance.. go google some comparations.. it's mind bending how tiny crypto is.. that's why it's so volatile.. big whales pull the strings daily.. it needs to expand and be less unstable

[@shannonarmon5285]

What happens when there is no water?!

[@pepeshopping]

Well, let’s also check gold, silver, copper, lithium, zinc, nickel production!

[@bingoberra18]

Yeah those have real substance and physical uses though but nice try....

[@damsoy6230]

without those what are you gonna use for mining your crypto?🙄🙄🙄

[@bkucenski]

Imagine thinking wasting energy is good for anyone. If Ted Cruz supports it, you can't run fast enough from it.

[@ThysRoes]

Indeed.

[@captainmeowzers]

This seems like very sustainable and logical way of banking.

[@tombondcrispy6585]

😐

[@KG-we6by]

Overprinting money is extremely sustainable right ?

[@kalui96]

@@KG-we6by I would rather the power of the treasury lie with our government than a bunch of cryptobros

[@Brenda-wf4wb]

It is true

[@cthesavage]

@@kalui96 except the power doesn’t actually lie with the treasury, the vast majority of all new money is created by private banks.

[@bruceshowalter6046]

High energy use is the only way to be truly decentralized and trustless. Proof of Stake would make it no different than the current oppressive fiat currency system.

[@robroy5729]

One question that I have is, If there was a major collapse of these technological systems, what happens to all of this fake money??? I find it very interesting that people are investing so much in something that is completely imaginary.

[@PhilipJasionowski]

1 solar flair and all this money goes up in dust

[@robroy5729]

@@PhilipJasionowski there is no money. its all in computer and internet land so yeah, one of whatever youre talking about and its all gone, not that its even real in the first place. you can hold it, you cant touch it, its on a fuckin screen lol

[@LOFIchillyboy]

If any portion of the network survived then so would the ledger of peoples Bitcoin. So a total wipe out of the bitcoin network isn't feasible. And fake money? Sir have you not heard of how dollars are created? There is no cost or limit to printing dollars. Which is fake? I'm paid in fake money by my work and convert it every month into real money. Real money is gold, silver, Bitcoin, or real assets.

[@robroy5729]

@@LOFIchillyboy you have a good point. our money hasnt been worth anything since the 70's or 80's when it was last backed by gold. On the plus side to paper currency you can at least hold it and physically possess it, unlike the numbers on a screen.

[@LOFIchillyboy]

@@robroy5729 you can download Bitcoin onto cheap micro chips and use them as currency. That is a thing currently. But yes the down fall of the US monetary system started in 1971. Bitcoin currently costs between 13k to 24k in today's dollars in 2024 it will double in cost to mine, then it will double again in 2028,2032,2036,2040..... This is why Bitcoin spikes in price every 4 years. Scarcity and difficulty to produce is increasing exponentially. If at some point it becomes not economical to mine Bitcoin, the difficulty progressively drops every 2 weeks until the 10 minute block time is hit. You can fight Bitcoin but the network will continue. It is growing faster and faster. It is being adopted faster than the internet was world wide. I always thought it was a scam but started researching it years ago. It all makes sense why it works,

[@branstark3557]

An alternative currency I'm all for but is there legit validity and value attached to crypto ...

[@PenguinCrayon269]

crypto currency as originally invented is for privacy paranoid and hackers.