
Is Bitcoin REALLY as bad for the environment as some say? ЁЯМО
Knowing the facts about Bitcoin’s environmental impact is essential to take the right actions in addressing climate change.
In today’s video, we’ll uncover the truth about this widely controversial topic. Learn what’s true and what’s not about Bitcoin’s environmental harm.
Links
CoinGecko: https://www.coingecko.com/
GeckoTerminal: https://www.geckoterminal.com/
Timestamps:
00:00 Intro
00:46 Bitcoin’s value proposition
02:06 The adoption of Bitcoin
03:25 Electricity consumption
04:00 Energy consumption
04:27 climate impact
06:41 The upside of Bitcoin mining
08:40 Outro
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Would you be down for more videos that debunk myths and explain how crypto can bring positive change to the world? ЁЯСЛ
Creating the most secure computer network in the world requires energy and should demand a premium in price to participate. And it does.
Gold mining comparisons are eye opening.
That which should be valued should not be easy, should require work and energy and complexity and at least some level of rarity. Qualities of money we don't have with printing money as debt government fiat style.
Lumishare_Lumi тАЩs innovative blockchain technology provides an additional layer of security to the already stable investment in gold. Blockchain technology ensures that all transactions are recorded on a secure, decentralized ledger that cannot be altered. #Lumi
This woman is so perfect for the job, beautiful, pleasant, modest, smart, nice warm voice
Hi folks, your videos are always good and direct to the point – could you take off the music while you speak as it makes it difficult to understand properly
Recently found this channel. Good job. More people have to watch and support. Greetings from Ukraine ЁЯЗ║ЁЯЗж
Back in 2017 i tell my friends to bye bye banks buy bitcoin, today at the bank crisis bitcoin going up the shares of the banks going down.
https://www.youtube.com/watch?v=rld0KDcan_w
Climate Change is a BS Agenda. If Bitcoin is not a energy hog, then its users wont complain if energy restrictions are put on its mining.
Basically if you're not an energy nor climate expert, I wont take you seriously if you say bitcoin is bad. Cuz a real energy expert will say bitcoin energy use doesnt matter and a real climate expert will say there are other bigger things threatening the planet.
Fortunately, this is a complete non-issue, as CO2 emissions are totally harmless to the environment. It is, in fact, in relatively short supply, and, at the end of the day, it is plant food, so it is totally good to sustain life on earth. When will people wake up and realize that?
The host of this show is very informative and this is well-edited!
Great thanks CG ЁЯСЛЁЯЦЦЁЯТк
IтАЩve been in since 2015. How hard is it to simply create a new crypto , like I see daily? I know the hard part is getting it noticed and listed on an Exchange, of course. Super hard! But I read that anyone can go into BitcoinтАЩs Open Source Code and make a Bitcoin 2.0. Even if no one but me buys or owns it, I have a unique concept better than Dog/w/hat or MAGA. Can anyone point me or help! Thanks !
IтАЩm biased as I hate Bitcoin. but it is funny how we want to reduce carbon emissions and go through the pains of it yet we find a way to create a useless value system that generates what is equatable to 1/4 of the annual emissions from the cars in the US. And renewables have negative impacts to the environment as well. ItтАЩs literally a trade speculation mechanism at this point.
Where there is the opportunity for banks and institutions to make money because fools believe this will get them rich, then of course you would have a speculative market around it. This doesn't mean Bitcoin is something you should be invested in. Eventually it is tied to currency because well after all it needs a value for transaction to take place. Bitcoin is a greater fiat money than anything else yet people think they've found the Holly Grail
Mean while banks making non recyclables plastic credit card and cutting down millions of trees.
Nice spin. She compares BTC power usage to refrigerators? Why not compare energy use against the USD? True some value in her examples especially in foreign countries, but are these the same countries providing the power needed for the 1,000s of nodes needing the power? Her justification that much of the power comes from renewable sources is a really weak argument. Renewables are still a very small percentage of the energy needed and not enough to even offset the increased demand from: Crypto, AI and EVs. Many of these renewal sources, especially wind are coming under closer scrutiny on the cost vs benefit and impacts on our environment. Renewables have yet to prove they can live up to all of the hype. Nuclear can provide needed supply and while it is not a fossil fuel it is also not a renewable and not everybody is on-board with increasing the use of nuclear.
Bitcoin and most crypto has become a big speculative investment sources, but have yet to really prove themselves as a replacement for other tender. Maybe as Stablecoin offerings evolve we may see more widespread use, but still going to need huge supplies of energy.
Wonder how much she got paid?
her voice and demonstration is cool and subtle for a curious mind.
The logic here doesn't add up and seems more like counter arguments without direct or relevant correlations to traditional currency. Also seems very likely if governments wanted to take crypto seriously they could influence it by control over power grids. Nothing stays incorruptible.
useless
One nice ASIC burns 3500W. You can't have that in a room. I was thinking of getting into mining till I looked into the thermodynamic and electrical aspects of it, vs the payout. It's not justifiable, IMHO.
oh, a crypto based channel debunking the horrible effects of bitcoin mining and forgetting the manufacture of the equipment, the coal plants set up in China to mine the coin, the decommisioning of old equipment, the fact that ultimately its worthless especially if you just turn the power off
setting up solar power panels is the only solution, that makes the miners investment 2x, but that's good for environment and profit..