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* BTC -2.12 % $ 9379.51121871 * LTC -1.62 % $ 68.6382381813 * ETH -0.48 % $ 181.975638826 * VERI 0.00 % $ 18.45 * EOS -0.25 % $ 4.206085936 Create your page here Welcome, My playlists Log in History Feedback Save playlist Export playlist Fullscreen player Tweet this page share on Facebook Sunday, 22 August 2021 * Cryptocurrency * Videos * Video Details * Wiki * Chat * Images * More * remove the playlist Bitcoin Energy * remove the playlist Bitcoin Energy * Energy (journal) * Energy (signal processing) * Seven Year Itch (Collective Soul album) * Collage * Bing LATEST NEWS LATEST VIDEOS 11:32 BREAKING: CRYPTO IN THE USA JUST CHANGED! COINBASE RELEASES CRYPTO BULLS AS BINANCE CRACKDOWN LOOMS! 20 Aug 2021 11:38 Ripple XRP THIS IS EXPLOSIVE NEWS I CANT BELIEVE MY EYES! 21 Aug 2021 14:37 MOST INSANE CRYPTO FREAKOUT JUST HAPPENED! CARDANO, ETHEREUM, & BITCOIN HOLDERS -- GET READY! 19 Aug 2021 LATEST PRICES # Name Price Volume (24h) % Change (24h) 1 Bitcoin (BTC) $ 9379.51121871 29291234397.1 -2.12 % 2 Litecoin (LTC) $ 68.6382381813 5720089694.18 -1.62 % 3 Ethereum (ETH) $ 181.975638826 11767008363.1 -0.48 % 4 Veritaseum (VERI) $ 18.45 0 0.00 % 5 EOS (EOS) $ 4.206085936 3774755482.59 -0.25 % 6 Centra (CTR) $ 0.01471 0 0.00 % 7 DigiByte (DGB) $ 0.0062005626 942236.540577 0.00 % 8 AdEx (ADX) $ 0.05420 88877.21 -1.21 % 9 Humaniq (HMQ) $ 0.004962 14208.2208233 0.00 % 10 Private Instant Verified Transaction (PIVX) $ 0.2293 734764.276735 -3.14 % 11 XRP (XRP) $ 0.2412959304 1903216173.21 0.88 % 12 Bitshares (BTS) $ 0.0211442821 3198719.09431 -1.80 % 13 BitSwift (SWIFT) $ 0.4051 0 0.00 % 14 OmiseGo (OMG) $ 0.9035012009 73564679.2141 2.52 % 15 Sphere Coin (SPHR) $ 0.06553 0 0.00 % 16 Ethereum Classic (ETC) $ 11.5038562535 2965506879.02 -0.61 % 17 NEM (XEM) $ 0.0454819175 29553422.0555 0.00 % 18 Rivetz (RVT) $ 0.007995 9993 -20.90 % 19 MaidSafe Coin (MAID) $ 0.1110 1367484.96476 -0.32 % 20 FunFair (FUN) $ 0.003110 659876.996354 -2.81 % 21 Paragon (PRG) $ 0.01592 362.34112 -12.81 % 22 Stratis (STRAT) $ 0.3037 985978.792886 -0.12 % 23 NavCoin (NAV) $ 0.1015 659640.563461 -1.83 % 24 Rise (RISE) $ 0.002627 44551.98061 3.45 % 25 Verge (XVG) $ 0.0037872163 759364.83599 5.08 % 26 Reddcoin (RDD) $ 0.0007190 40259681.7228 25.00 % 27 TenX (PAY) $ 0.05483 456707.500823 -0.13 % 28 Waves (WAVES) $ 0.8912100364 82970286.3014 1.84 % 29 Lisk (LSK) $ 1.0365054837 6082448.73385 6.17 % 30 KickCoin (KICK) $ 0.0000969519 57571.4577545 5.26 % 31 Monero (XMR) $ 72.1346716882 107010674.883 0.86 % 32 Komodo (KMD) $ 0.6368109417 2702396.03471 3.95 % 33 BitcoinDark (BTCD) $ 22.00 0 0.00 % 34 Dash (DASH) $ 129.41 44110.8016989 2.43 % 35 Gnosis (GNO) $ 15.82 542.73541475 -0.64 % 36 Populous (PPT) $ 0.5442 589469.581183 5.01 % 37 NEO (NEO) $ 11.5080200258 470747259.833 7.02 % 38 BitConnect Coin (BCCOIN) $ 1.00 0 0.00 % 39 Tether (USDT) $ 1.0003916102 40283398497.6 0.00 % BIGGEST GAINERS # Name Price Volume (24h) % Change (24h) LOSERS # Name Price Volume (24h) % Change (24h) LATEST POSTS RELATED TWEETS back to playlist Hordes of crypto fanatics got their knickers in a twist recently when erstwhile cheerleader Elon Musk expressed concerns about the environmental cost of Bitcoin. “Cryptocurrency is a good idea on many levels,” read a statement shared on his Twitter feed. “We believe it has a promising future – but this cannot come at great cost to the environment.” So how bad is Bitcoin for the planet? And does Musk’s radical U-turn mark the beginning of the end for the crypto revolution? Join us on a trip down the mines for an unflinching look at the energy consumption of Bitcoin. SUGGEST A TOPIC https://techvision.tv Imagery supplied via Getty Images How Much Energy Does Bitcoin Use? * published: 26 May 2021 * views: 136764 Bitcoin hit 1 trillion market cap this year. This has inspired some bitcoin operations to expand. The ban on mining in China has caused a mass exodus, and some mining operations are moving their facilities to the United States. We go to Rockland, Texas to a look inside the largest bitcoin mine in North America. Operated by Whinstone U.S., is this large mine one of the first of many? Still haven’t subscribed to WIRED on YouTube? ►► http://wrd.cm/15fP7B7 Listen to the Get WIRED podcast ►► https://link.chtbl.com/wired-ytc-desc Want more WIRED? Get the magazine ►► https://subscribe.wired.com/subscribe/splits/wired/WIR_YouTube?source=EDT_WIR_YouTube_0_Video_Description_ZZ Get more incredible stories on science and tech with our daily newsletter: https://wrd.cm/DailyYT Also, check out the free WIRED channel on Roku, Apple TV, Amazon Fire TV, and Android TV. Here you can find your favorite WIRED shows and new episodes of our latest hit series Tradecraft. ABOUT WIRED WIRED is where tomorrow is realized. Through thought-provoking stories and videos, WIRED explores the future of business, innovation, and culture. Inside the Largest Bitcoin Mine in The U.S. | WIRED * published: 16 Aug 2021 * views: 40998 Blockchain will cause an energy revolution in our near future. Are we as a planet prepared to power this new currency? Tara Shirvani is an infrastructure specialist passionate about leveraging technology and finance to drive impact in the developing world. She manages the green infrastructure portfolio at the European Bank for Reconstruction and Development. Prior to this she was at the World Bank and UNDP having graduated from Cambridge and Oxford University. Her work has received international recognition including the Aviva Women of the Future Award and Forbes 30 under 30. Tara Shirvani is an infrastructure specialist passionate about leveraging technology and finance to drive impact in the developing world. She manages the green infrastructure portfolio at the European Bank for Reconstruction and Development. Prior she was at the World Bank and UNDP having graduated from Cambridge and Oxford University. Her work has received international recognition incl. the Aviva Women of the Future Award and Forbes 30 under 30. This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at https://www.ted.com/tedx * published: 09 May 2019 * views: 11220 🔥 TOP Crypto TIPS In My Newsletter 👉 https://guy.coinbureau.com/signup/ 🛒 20% Binance Discount 👉 https://guy.coinbureau.com/binance/ 👕 My Merch Store 👉 https://store.coinbureau.com 📲 Insider Info in my Socials 👉 https://guy.coinbureau.com/socials/ ~~~~~ 📺Essential Videos📺 Lars Dittmar Debunks Crypto Climate FUD 👉 https://youtu.be/lA3iBUqsGhY Bitcoin vs. Gold 👉 https://youtu.be/B_QaL9fAKoM Fiat Currency Ponzi Scheme 👉 https://youtu.be/L_f6R0DHNH0 What Happens When All Bitcoin Is Mined 👉 https://youtu.be/Iyy2-FUAFcU ~~~~~ - TIMESTAMPS - 0:00 Intro 2:01 Crypto Mining Explained 4:48 Bitcoin Mining Climate Claims 8:41 Bitcoin Mining Energy Use 10:55 Green Energy Bitcoin Mining 13:58 The Real Cause Of Climate Change? 16:54 Conclusion ~~~~~ ⛓️ 🔗 Useful Links 🔗 ⛓️ ► Bitcoin Mining Map: https://cbeci.org/mining_map ► Full 2018 Article From Nature Climate Change Journal: https://www.researchgate.net/publication/328581842_Bitcoin_emissions_alone_could_push_global_warming_above_2C ► Bitcoin Mining Energy Consumption Estimate: https://www.bbc.com/news/science-environment-56215787 ► Gold Mining Energy Use: https://www.forbes.com/sites/lawrencewintermeyer/2021/03/10/bitcoins-energy-consumption-is-a-highly-charged-debate--whos-right/?sh=16542fdc7e78 ► Square Report On Bitcoin Green Energy Mining: https://assets.ctfassets.net/2d5q1td6cyxq/5mRjc9X5LTXFFihIlTt7QK/e7bcba47217b60423a01a357e036105e/BCEI_White_Paper.pdf ► 70%+ Of Bitcoin Miners Use Renewable Energy: https://www.coinbase.com/learn/crypto-basics/7-biggest-bitcoin-myths ► Bitcoin Miners Reusing Heat Energy: https://braiins.com/blog/green-innovation-in-bitcoin-mining-recycling-asic-heat ► Jeff Booth Discusses Inflation & Climate Change, How Bitcoin Fixes It: https://youtu.be/0Q9_-WDhpoQ ~~~~~ ⛏Crypto Mining Explained⛏ Proof of work is essentially meant to simulate real world resource mining in a digital way with complex equations, hence why cryptocurrency is ‘mined’ by specialized computers called ‘miners.’ There are over 1 million Bitcoin miners around the world, and that’s in addition to the millions of miners processing transactions for other proof of stake cryptocurrency networks like Ethereum and Litecoin. All this cryptocurrency mining is using a lot of energy and this has many people concerned about the effect cryptocurrency mining could be having on the climate. 🕵️♂Bitcoin Mining Climate Claims🕵️♂ Although concerns about crypto’s effect on the climate have been around since Bitcoin began back in 2009, it wasn’t until the 2017 crypto market boom that these concerns started to make the news. Many of the headlines we see today are almost identical to the ones we saw back then, and most of the statistics cited by today’s and yesterday’s crypto climate critics all come from a single source. This source is an academic article published in 2018 to nature’s climate change journal. It argues that emissions from Bitcoin mining alone could increase the global temperature by 2 degrees. When you consider Bitcoin’s comparatively small energy consumption on the global scale, the numbers from this article don’t add up. ⚡Bitcoin Mining Energy Use⚡ Nobody is actually sure how much energy Bitcoin mining uses. The University of Cambridge estimates it could be anywhere between 40 and 440 terawatts per year. For context, the Netherlands uses 121 terawatts of energy per year, Argentina uses 300 terawatts, and the United States uses a whopping 4000 terawatts. Bitcoin is not a country, it is a financial system, and when you compare apples to apples, cryptocurrency offers the most energy efficient financial system in the world. ☀Green Energy Bitcoin Mining☀ Cryptocurrency mining has accelerated the growth of green energy. This is because miners go to where power is the cheapest, because cheaper power means more profits. As it so happens, renewable energy sources like wind, solar, geothermal, and hydroelectric cost half as much as coal and natural gas. While the University of Cambridge estimates 40% of all Bitcoin miners use renewable energy, recent statistics suggest this figure could be as high as 70 percent. 👀The Real Cause Of Climate Change?👀 In his book ‘The Price of Tomorrow’, Jeff Booth argues that the common denominator in the world’s environmental woes is actually inflation. This is because inflation incentivizes spending over saving, which creates unnecessary consumption, waste, and energy usage. By contrast, Bitcoin is deflationary and incentives saving. ~~~~~ 📜 Disclaimer 📜 The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome. #Bitcoin #BTC #mining #climate #crypto * published: 06 May 2021 * views: 148276 In a year, bitcoin uses around the same amount of electricity as the entire country of Norway. The digital currency is one that allows people to bypass banks and traditional payment methods. It is the most prominent among thousands of so-called cryptocurrencies and has been repeatedly reaching new records - but is it sustainable? The Guardian's UK technology editor Alex Hern examines how exactly bitcoin uses electricity and if the environmental cost is too high What is bitcoin and why are so many people looking to buy it? ► https://www.theguardian.com/technology/2021/jan/11/what-bitcoin-why-many-people-buy-cryptocurrency-financial-regulator Cryptocurrencies rise in popularity in world's conflict zones ► https://www.theguardian.com/technology/2021/feb/09/rise-in-popularity-of-cryptocurrencies-in-worlds-conflict-zones The Guardian publishes independent journalism, made possible by supporters. Contribute to The Guardian today ► https://bit.ly/3uhA7zg Website ► https://www.theguardian.com Facebook ►https://www.facebook.com/theguardian Twitter ► https://twitter.com/guardian Instagram ► https://instagram/guardian * published: 25 Feb 2021 * views: 91781 In mid-May 2021, billionaire Elon Musk sent a tweet that crashed the cryptocurrency market. The Tesla CEO announced the electric vehicle company would no longer accept bitcoin for purchases due to its huge energy consumption. So why does crypto-mining use so much electricity, and is there a sustainable alternative? CNBC's Nessa Anwar is joined by Ryan Browne to explain. Contents of this video: 0:00 - Intro 0:34 - What makes crypto different? 1:19 - Why was crypto-mining introduced? 1:49 - How does crypto-mining work? 2:19 - The big problem with crypto-mining 3:23 - How much energy does Bitcoin use? 4:17 - Is it just Bitcoin with these issues? 4:35 - Bitcoin's biggest mining countries 5:04 - Bitcoin blackouts 5:20 - Governments hit back at miners 5:46 - The benefits of crypto 6:00 - Crypto vs online banking 6:55 - Ethereum's plan to lower energy use 7:40 - Is crypto-mining worth it? ----- Subscribe to us on YouTube: http://cnb.cx/2wuoARM Subscribe to CNBC International TV on YouTube: https://cnb.cx/2NGytpz Like our Facebook page: https://www.facebook.com/cnbcinternational Follow us on Instagram: https://www.instagram.com/cnbcinternational/ Follow us on Twitter: https://twitter.com/CNBCi * published: 16 Jun 2021 * views: 47429 Bitcoin's energy consumption has stayed flat since mid 2018 (almost 3 years), despite huge growth in users, and dollars moved on the network. Many skeptics point to the irony of Tesla buying Bitcoin (because of its focus on renewable energy), but fail to understand this. The monetary system requires energy. Yes, Bitcoin consumes a lot, but it's not more than we can handle, especially if the trend of rising average transaction values continues. What are your thoughts on this? Was it hypocritical for Tesla to buy Bitcoin? Are you happy they did? Become a #HyperChanger & support us on Patreon to receive the exclusive weekly HyperChange Newsletter!! https://www.patreon.com/hyperchange Bitcoin Energy Consumption: https://digiconomist.net/bitcoin-energy-consumption/ Bitcoin Average Transaction value: https://bitinfocharts.com/comparison/transactionvalue-btc.html Bitcoin Daily Transactions: https://hypercharts.co/btc Bitcoin Music by Marko: https://soundcloud.com/markothedon & Fritz Carlton: https://soundcloud.com/fritzcarlton Disclaimer: This video is purely my opinion and should not be regarded as factual information. I am not a financial advisor. This is not a recommendation to buy or sell securities. Do not assume any facts and numbers in this video are accurate. Always do your own due diligence. As of 02/24/2020 HyperChange host (Galileo Russell) is invested in shares of Tesla (TSLA), Spotify (SPOT), Arcimoto (FUV), Snap (SNAP) and long the crypto currencies Bitcoin and Maker. Galileo is also an investor in SpaceFilche LLC, an SPV that owns SpaceX stock. * published: 25 Feb 2021 * views: 23600 What’s the physical cost of a digital currency? The amount of energy that Bitcoin mining consumes is about the same amount as some medium-sized countries – and that will only increase. Take a look behind the scenes of one Bitcoin mining operation that is optimizing its energy costs through the science of immersion cooling. This video is part of the 3M documentary series, Data Driven, exploring the future of sustainability and data. Watch “Data driven. Advancing a sustainable future.” Learn more about immersion cooling at 3m.com/datadriven. * published: 20 Mar 2018 * views: 15139 Computations involved in mining Bitcoin are astronomical. Professor Phil Moriarty explains how estimating the energy useage is a Fermi problem. The paper Phil refers to: http://bit.ly/C_BTC-Energy Onion Routing (Tor): https://youtu.be/QRYzre4bf7I Bitcoin Mining in 4 minutes: https://youtu.be/wTC31ZI6QM4 https://www.facebook.com/computerphile https://twitter.com/computer_phile This video was filmed and edited by Sean Riley. Computer Science at the University of Nottingham: https://bit.ly/nottscomputer Computerphile is a sister project to Brady Haran's Numberphile. More at http://www.bradyharan.com * published: 19 Jun 2018 * views: 109804 MicroStrategy CEO Michael Saylor & Max Keiser explain how the bitcoin energy consumption criticisms on the news are not valid. 0:00 - Michael Saylor 2:26 - Max Keiser Original Interviews: Michael Saylor: https://youtu.be/nPt51vxTUFM Max Keiser: https://youtu.be/Q9z9ZqZXZ4g Swan Bitcoin is the best way to accumulate Bitcoin with automatic recurring buys and instant buys from $10 to $10 million. Get started in just 5 minutes. Your first $10 purchase is on us: swanbitcoin.com/yt Connect with Swan on social media: Twitter: https://twitter.com/SwanBitcoin Telegram: https://t.me/swansignal LinkedIn: https://www.linkedin.com/company/swanbitcoin #bitcoin #bitcoinnews #MichaelSaylor * published: 17 Mar 2021 * views: 61030 The energy demand of Bitcoin (BTC) and other cryptocurrencies is rising every day, and that's no accident. The special algorithm Bitcoin uses requires computers to compete for validation rewards, or mining. As the network grows, so does the energy usage and potential carbon footprint. Is there a way to curtail this impending crisis? Is the environmental footprint accurately measured? Let's explore how the Bitcoin blockchain actually works and why it's growth is a growing concern for our climate. Timeline: 0:00 start/intro 1:11 What is Bitcoin? 2:25 What is a blockchain? 5:52 What is "proof-of-work"? 7:16 The cost and benefits of Bitcoin mining 8:51 Global Bitcoin energy estimates 10:14 Conclusions/Summary References: Bitcoin basics: https://www.investopedia.com/tech/how-does-bitcoin-mining-work/ Bitpanda Academy: https://www.bitpanda.com/academy/en/lessons/how-does-a-blockchain-work/ Energy estimates: https://bitcoinmagazine.com/articles/introducing-cbei-a-new-way-to-measure-bitcoin-network-electrical-consumption CBEI: https://cbeci.org/ Digiconomist: https://digiconomist.net/bitcoin-energy-consumption Banks vs Bitcoin: https://medium.com/@zodhyatech/which-consumes-more-power-banks-or-bitcoins-8302750fe2bc ASIC wiki: https://en.bitcoin.it/wiki/ASIC#:~:text=An%20application-specific%20integrated%20circuit%20%28abbreviated%20as%20ASIC%29%20is,step%20of%20development%20after%20CPUs%2C%20GPUs%20and%20FPGAs mining calculator: https://www.cryptocompare.com/mining/calculator/btc?HashingPower=15&HashingUnit=TH%2Fs&PowerConsumption=0&CostPerkWh=0&MiningPoolFee=1 Other helpful videos on this topic: TEDx: How can we sustainability power a cryptocurrency future? https://www.youtube.com/watch?v=hukR1LysU2Y Anton Petrov: https://www.youtube.com/watch?v=meXWKQkQMXI ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Thank you for watching! Consider SUBSCRIBING for more sustainability on a budget! https://www.youtube.com/channel/UCo1OX92U5fv-qks872wq29g?sub_confirmation=1 * published: 26 Jan 2021 * views: 6585 Feb.09 -- Tesla’s $1.5 billion bitcoin purchase this week sent the cryptocurrency soaring to a record. Nic Carter, founding partner at Castle Island Ventures, speaks with Bloomberg's Caroline Hyde, Romaine Bostick and Joe Weisenthal on "What'd You Miss?" about mining bitcoins and its effect on the environment. * published: 11 Feb 2021 * views: 20107 developed with YouTube ENERGY (JOURNAL) Energy is a peer-reviewed academic journal covering research on energy engineering that was established in 1976. It is published by Elsevier and the editor-in-chief is Henrik Lund (Aalborg University). According to the Journal Citation Reports, the journal has a 2013 impact factor of 4.159, ranking it 13th out of 83 journals in the category "Energy & Fuels" and second out of 55 journals in "Thermodynamics". REFERENCES EXTERNAL LINKS Official website ISSN 0360-5442 Read more This page contains text from Wikipedia, the Free Encyclopedia - https://wn.com/Energy_(journal) ENERGY (SIGNAL PROCESSING) In signal processing, the energy of a continuous-time signal x(t) is defined as the energy of a discrete-time signal x(t) is defined as RELATIONSHIP TO ENERGY IN PHYSICS Energy in this context is not, strictly speaking, the same as the conventional notion of energy in physics and the other sciences. The two concepts are, however, closely related, and it is possible to convert from one to the other: For example, if x(t) represents the potential (in volts) of an electrical signal propagating across a transmission line, then Z would represent the characteristic impedance (in ohms) of the transmission line. The units of measure for the signal energy would appear as volt2·seconds, which is not dimensionally correct for energy in the sense of the physical sciences. After dividing by Z, however, the dimensions of E would become volt2·seconds per ohm, which is equivalent to joules, the SI unit for energy as defined in the physical sciences. SPECTRAL ENERGY DENSITY Read more This page contains text from Wikipedia, the Free Encyclopedia - https://wn.com/Energy_(signal_processing) SEVEN YEAR ITCH (COLLECTIVE SOUL ALBUM) On September 18, 2001, Collective Soul released their greatest hits compilation Seven Year Itch: Greatest Hits, 1994-2001 (stylized as 7even Year Itch). The compilation includes songs recorded from 1994 to 2001 and included two new tracks; "Next Homecoming" and "Energy". Seven Year Itch received decent reviews and was relatively successful It sold 225,000 copies in the first year after its release and reached number fifty on the Billboard 200; in Canada, it reached number nine on its albums chart and went platinum. All the songs in Seven Year Itch had charted in the US on the Billboard Hot 100, Mainstream Rock Tracks, or the Modern Rock Tracks chart, except for "Energy", which debuted in this compilation. The compilation has sold over 500,000 copies. It saw a resurgence in sales after Collective Soul began putting out albums on their own independent label, El Music Group, beginning in 2004. Seven Year Itch was the last album Collective Soul released through Atlantic Records and their last album to feature guitarist Ross Childress, who had been with the band since its 1993/1994 debut. Read more This page contains text from Wikipedia, the Free Encyclopedia - https://wn.com/Seven_Year_Itch_(Collective_Soul_album) Email this Page Play all in Full Screen Show More Related Videos developed with YouTube Email this Page Play all in Full Screen Show More Related Videos * INSIDE BITCOIN'S ENERGY CONSUMPTION PROBLEM Hordes of crypto fanatics got their knickers in a twist recently when erstwhile cheerleader Elon Musk expressed concerns about the environmental cost of Bitcoin. “Cryptocurrency is a good idea on many levels,” read a statement shared on his Twitter feed. “We believe it has a promising future – but this cannot come at great cost to the environment.” So how bad is Bitcoin for the planet? And does Musk’s radical U-turn mark the beginning of the end for the crypto revolution? Join us on a trip down the mines for an unflinching look at the energy consumption of Bitcoin. SUGGEST A TOPIC https://techvision.tv Imagery supplied via Getty Images How Much Energy Does Bitcoin Use? published: 26 May 2021 * INSIDE THE LARGEST BITCOIN MINE IN THE U.S. | WIRED Bitcoin hit 1 trillion market cap this year. This has inspired some bitcoin operations to expand. The ban on mining in China has caused a mass exodus, and some mining operations are moving their facilities to the United States. We go to Rockland, Texas to a look inside the largest bitcoin mine in North America. Operated by Whinstone U.S., is this large mine one of the first of many? Still haven’t subscribed to WIRED on YouTube? ►► http://wrd.cm/15fP7B7 Listen to the Get WIRED podcast ►► https://link.chtbl.com/wired-ytc-desc Want more WIRED? Get the magazine ►► https://subscribe.wired.com/subscribe/splits/wired/WIR_YouTube?source=EDT_WIR_YouTube_0_Video_Description_ZZ Get more incredible stories on science and tech with our daily newsletter: https://wrd.cm/DailyYT Also, check out... published: 16 Aug 2021 * HOW CAN WE SUSTAINABLY POWER A CRYPTOCURRENCY FUTURE? | TARA SHIRVANI | TEDXCAMBRIDGEUNIVERSITY Blockchain will cause an energy revolution in our near future. Are we as a planet prepared to power this new currency? Tara Shirvani is an infrastructure specialist passionate about leveraging technology and finance to drive impact in the developing world. She manages the green infrastructure portfolio at the European Bank for Reconstruction and Development. Prior to this she was at the World Bank and UNDP having graduated from Cambridge and Oxford University. Her work has received international recognition including the Aviva Women of the Future Award and Forbes 30 under 30. Tara Shirvani is an infrastructure specialist passionate about leveraging technology and finance to drive impact in the developing world. She manages the green infrastructure portfolio at the European Bank for Reco... published: 09 May 2019 * FACT CHECK: BITCOIN MINING IS BAD FOR THE CLIMATE!? 🌎 🔥 TOP Crypto TIPS In My Newsletter 👉 https://guy.coinbureau.com/signup/ 🛒 20% Binance Discount 👉 https://guy.coinbureau.com/binance/ 👕 My Merch Store 👉 https://store.coinbureau.com 📲 Insider Info in my Socials 👉 https://guy.coinbureau.com/socials/ ~~~~~ 📺Essential Videos📺 Lars Dittmar Debunks Crypto Climate FUD 👉 https://youtu.be/lA3iBUqsGhY Bitcoin vs. Gold 👉 https://youtu.be/B_QaL9fAKoM Fiat Currency Ponzi Scheme 👉 https://youtu.be/L_f6R0DHNH0 What Happens When All Bitcoin Is Mined 👉 https://youtu.be/Iyy2-FUAFcU ~~~~~ - TIMESTAMPS - 0:00 Intro 2:01 Crypto Mining Explained 4:48 Bitcoin Mining Climate Claims 8:41 Bitcoin Mining Energy Use 10:55 Green Energy Bitcoin Mining 13:58 The Real Cause Of Climate Change? 16:54 Conclusion ~~~~~ ⛓️ 🔗 Useful Links 🔗 ⛓️ ► Bitcoin Mining ... published: 06 May 2021 * WHY BITCOIN IS SO BAD FOR THE PLANET In a year, bitcoin uses around the same amount of electricity as the entire country of Norway. The digital currency is one that allows people to bypass banks and traditional payment methods. It is the most prominent among thousands of so-called cryptocurrencies and has been repeatedly reaching new records - but is it sustainable? The Guardian's UK technology editor Alex Hern examines how exactly bitcoin uses electricity and if the environmental cost is too high What is bitcoin and why are so many people looking to buy it? ► https://www.theguardian.com/technology/2021/jan/11/what-bitcoin-why-many-people-buy-cryptocurrency-financial-regulator Cryptocurrencies rise in popularity in world's conflict zones ► https://www.theguardian.com/technology/2021/feb/09/rise-in-popularity-of-cryptocurr... published: 25 Feb 2021 * WHY BITCOIN USES SO MUCH ENERGY | CNBC EXPLAINS In mid-May 2021, billionaire Elon Musk sent a tweet that crashed the cryptocurrency market. The Tesla CEO announced the electric vehicle company would no longer accept bitcoin for purchases due to its huge energy consumption. So why does crypto-mining use so much electricity, and is there a sustainable alternative? CNBC's Nessa Anwar is joined by Ryan Browne to explain. Contents of this video: 0:00 - Intro 0:34 - What makes crypto different? 1:19 - Why was crypto-mining introduced? 1:49 - How does crypto-mining work? 2:19 - The big problem with crypto-mining 3:23 - How much energy does Bitcoin use? 4:17 - Is it just Bitcoin with these issues? 4:35 - Bitcoin's biggest mining countries 5:04 - Bitcoin blackouts 5:20 - Governments hit back at miners 5:46 - The benefits of crypto 6:00 - Crypto... published: 16 Jun 2021 * BITCOIN'S ENERGY CONSUMPTION Bitcoin's energy consumption has stayed flat since mid 2018 (almost 3 years), despite huge growth in users, and dollars moved on the network. Many skeptics point to the irony of Tesla buying Bitcoin (because of its focus on renewable energy), but fail to understand this. The monetary system requires energy. Yes, Bitcoin consumes a lot, but it's not more than we can handle, especially if the trend of rising average transaction values continues. What are your thoughts on this? Was it hypocritical for Tesla to buy Bitcoin? Are you happy they did? Become a #HyperChanger & support us on Patreon to receive the exclusive weekly HyperChange Newsletter!! https://www.patreon.com/hyperchange Bitcoin Energy Consumption: https://digiconomist.net/bitcoin-energy-consumption/ Bitcoin Average Transaction... published: 25 Feb 2021 * BITCOIN ENERGY CONSUMPTION: AN INSIDE LOOK What’s the physical cost of a digital currency? The amount of energy that Bitcoin mining consumes is about the same amount as some medium-sized countries – and that will only increase. Take a look behind the scenes of one Bitcoin mining operation that is optimizing its energy costs through the science of immersion cooling. This video is part of the 3M documentary series, Data Driven, exploring the future of sustainability and data. Watch “Data driven. Advancing a sustainable future.” Learn more about immersion cooling at 3m.com/datadriven. published: 20 Mar 2018 * BITCOIN POWER PROBLEM - COMPUTERPHILE Computations involved in mining Bitcoin are astronomical. Professor Phil Moriarty explains how estimating the energy useage is a Fermi problem. The paper Phil refers to: http://bit.ly/C_BTC-Energy Onion Routing (Tor): https://youtu.be/QRYzre4bf7I Bitcoin Mining in 4 minutes: https://youtu.be/wTC31ZI6QM4 https://www.facebook.com/computerphile https://twitter.com/computer_phile This video was filmed and edited by Sean Riley. Computer Science at the University of Nottingham: https://bit.ly/nottscomputer Computerphile is a sister project to Brady Haran's Numberphile. More at http://www.bradyharan.com published: 19 Jun 2018 * MICHAEL SAYLOR & MAX KEISER DESTROY BITCOIN ENERGY CONSUMPTION CRITICISM MicroStrategy CEO Michael Saylor & Max Keiser explain how the bitcoin energy consumption criticisms on the news are not valid. 0:00 - Michael Saylor 2:26 - Max Keiser Original Interviews: Michael Saylor: https://youtu.be/nPt51vxTUFM Max Keiser: https://youtu.be/Q9z9ZqZXZ4g Swan Bitcoin is the best way to accumulate Bitcoin with automatic recurring buys and instant buys from $10 to $10 million. Get started in just 5 minutes. Your first $10 purchase is on us: swanbitcoin.com/yt Connect with Swan on social media: Twitter: https://twitter.com/SwanBitcoin Telegram: https://t.me/swansignal LinkedIn: https://www.linkedin.com/company/swanbitcoin #bitcoin #bitcoinnews #MichaelSaylor published: 17 Mar 2021 * WHY BITCOIN USES SO MUCH ENERGY The energy demand of Bitcoin (BTC) and other cryptocurrencies is rising every day, and that's no accident. The special algorithm Bitcoin uses requires computers to compete for validation rewards, or mining. As the network grows, so does the energy usage and potential carbon footprint. Is there a way to curtail this impending crisis? Is the environmental footprint accurately measured? Let's explore how the Bitcoin blockchain actually works and why it's growth is a growing concern for our climate. Timeline: 0:00 start/intro 1:11 What is Bitcoin? 2:25 What is a blockchain? 5:52 What is "proof-of-work"? 7:16 The cost and benefits of Bitcoin mining 8:51 Global Bitcoin energy estimates 10:14 Conclusions/Summary References: Bitcoin basics: https://www.investopedia.com/tech/how-does-bit... published: 26 Jan 2021 * BITCOIN'S IMPACT ON THE ENVIRONMENT Feb.09 -- Tesla’s $1.5 billion bitcoin purchase this week sent the cryptocurrency soaring to a record. Nic Carter, founding partner at Castle Island Ventures, speaks with Bloomberg's Caroline Hyde, Romaine Bostick and Joe Weisenthal on "What'd You Miss?" about mining bitcoins and its effect on the environment. published: 11 Feb 2021 PreviousNext developed with YouTube 8:01 INSIDE BITCOIN'S ENERGY CONSUMPTION PROBLEM * Order: Reorder * Duration: 8:01 * Uploaded Date: 26 May 2021 * views: 136764 Hordes of crypto fanatics got their knickers in a twist recently when erstwhile cheerleader Elon Musk expressed concerns about the environmental cost of Bitcoin... Hordes of crypto fanatics got their knickers in a twist recently when erstwhile cheerleader Elon Musk expressed concerns about the environmental cost of Bitcoin. “Cryptocurrency is a good idea on many levels,” read a statement shared on his Twitter feed. “We believe it has a promising future – but this cannot come at great cost to the environment.” So how bad is Bitcoin for the planet? And does Musk’s radical U-turn mark the beginning of the end for the crypto revolution? Join us on a trip down the mines for an unflinching look at the energy consumption of Bitcoin. SUGGEST A TOPIC https://techvision.tv Imagery supplied via Getty Images How Much Energy Does Bitcoin Use? https://wn.com/Inside_Bitcoin's_Energy_Consumption_Problem Hordes of crypto fanatics got their knickers in a twist recently when erstwhile cheerleader Elon Musk expressed concerns about the environmental cost of Bitcoin. “Cryptocurrency is a good idea on many levels,” read a statement shared on his Twitter feed. “We believe it has a promising future – but this cannot come at great cost to the environment.” So how bad is Bitcoin for the planet? And does Musk’s radical U-turn mark the beginning of the end for the crypto revolution? Join us on a trip down the mines for an unflinching look at the energy consumption of Bitcoin. SUGGEST A TOPIC https://techvision.tv Imagery supplied via Getty Images How Much Energy Does Bitcoin Use? * published: 26 May 2021 * views: 136764 8:59 INSIDE THE LARGEST BITCOIN MINE IN THE U.S. | WIRED * Order: Reorder * Duration: 8:59 * Uploaded Date: 16 Aug 2021 * views: 40998 Bitcoin hit 1 trillion market cap this year. This has inspired some bitcoin operations to expand. The ban on mining in China has caused a mass exodus, and some ... Bitcoin hit 1 trillion market cap this year. This has inspired some bitcoin operations to expand. The ban on mining in China has caused a mass exodus, and some mining operations are moving their facilities to the United States. We go to Rockland, Texas to a look inside the largest bitcoin mine in North America. Operated by Whinstone U.S., is this large mine one of the first of many? Still haven’t subscribed to WIRED on YouTube? ►► http://wrd.cm/15fP7B7 Listen to the Get WIRED podcast ►► https://link.chtbl.com/wired-ytc-desc Want more WIRED? Get the magazine ►► https://subscribe.wired.com/subscribe/splits/wired/WIR_YouTube?source=EDT_WIR_YouTube_0_Video_Description_ZZ Get more incredible stories on science and tech with our daily newsletter: https://wrd.cm/DailyYT Also, check out the free WIRED channel on Roku, Apple TV, Amazon Fire TV, and Android TV. Here you can find your favorite WIRED shows and new episodes of our latest hit series Tradecraft. ABOUT WIRED WIRED is where tomorrow is realized. Through thought-provoking stories and videos, WIRED explores the future of business, innovation, and culture. Inside the Largest Bitcoin Mine in The U.S. | WIRED https://wn.com/Inside_The_Largest_Bitcoin_Mine_In_The_U.S._|_Wired Bitcoin hit 1 trillion market cap this year. This has inspired some bitcoin operations to expand. The ban on mining in China has caused a mass exodus, and some mining operations are moving their facilities to the United States. We go to Rockland, Texas to a look inside the largest bitcoin mine in North America. Operated by Whinstone U.S., is this large mine one of the first of many? Still haven’t subscribed to WIRED on YouTube? ►► http://wrd.cm/15fP7B7 Listen to the Get WIRED podcast ►► https://link.chtbl.com/wired-ytc-desc Want more WIRED? Get the magazine ►► https://subscribe.wired.com/subscribe/splits/wired/WIR_YouTube?source=EDT_WIR_YouTube_0_Video_Description_ZZ Get more incredible stories on science and tech with our daily newsletter: https://wrd.cm/DailyYT Also, check out the free WIRED channel on Roku, Apple TV, Amazon Fire TV, and Android TV. Here you can find your favorite WIRED shows and new episodes of our latest hit series Tradecraft. ABOUT WIRED WIRED is where tomorrow is realized. Through thought-provoking stories and videos, WIRED explores the future of business, innovation, and culture. Inside the Largest Bitcoin Mine in The U.S. | WIRED * published: 16 Aug 2021 * views: 40998 14:36 HOW CAN WE SUSTAINABLY POWER A CRYPTOCURRENCY FUTURE? | TARA SHIRVANI | TEDXCAMBRIDGEUNIVERSITY * Order: Reorder * Duration: 14:36 * Uploaded Date: 09 May 2019 * views: 11220 Blockchain will cause an energy revolution in our near future. Are we as a planet prepared to power this new currency? Tara Shirvani is an infrastructure spec... Blockchain will cause an energy revolution in our near future. Are we as a planet prepared to power this new currency? Tara Shirvani is an infrastructure specialist passionate about leveraging technology and finance to drive impact in the developing world. She manages the green infrastructure portfolio at the European Bank for Reconstruction and Development. Prior to this she was at the World Bank and UNDP having graduated from Cambridge and Oxford University. Her work has received international recognition including the Aviva Women of the Future Award and Forbes 30 under 30. Tara Shirvani is an infrastructure specialist passionate about leveraging technology and finance to drive impact in the developing world. She manages the green infrastructure portfolio at the European Bank for Reconstruction and Development. Prior she was at the World Bank and UNDP having graduated from Cambridge and Oxford University. Her work has received international recognition incl. the Aviva Women of the Future Award and Forbes 30 under 30. This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at https://www.ted.com/tedx https://wn.com/How_Can_We_Sustainably_Power_A_Cryptocurrency_Future_|_Tara_Shirvani_|_Tedxcambridgeuniversity Blockchain will cause an energy revolution in our near future. Are we as a planet prepared to power this new currency? Tara Shirvani is an infrastructure specialist passionate about leveraging technology and finance to drive impact in the developing world. She manages the green infrastructure portfolio at the European Bank for Reconstruction and Development. Prior to this she was at the World Bank and UNDP having graduated from Cambridge and Oxford University. Her work has received international recognition including the Aviva Women of the Future Award and Forbes 30 under 30. Tara Shirvani is an infrastructure specialist passionate about leveraging technology and finance to drive impact in the developing world. She manages the green infrastructure portfolio at the European Bank for Reconstruction and Development. Prior she was at the World Bank and UNDP having graduated from Cambridge and Oxford University. Her work has received international recognition incl. the Aviva Women of the Future Award and Forbes 30 under 30. This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at https://www.ted.com/tedx * published: 09 May 2019 * views: 11220 20:21 FACT CHECK: BITCOIN MINING IS BAD FOR THE CLIMATE!? 🌎 * Order: Reorder * Duration: 20:21 * Uploaded Date: 06 May 2021 * views: 148276 🔥 TOP Crypto TIPS In My Newsletter 👉 https://guy.coinbureau.com/signup/ 🛒 20% Binance Discount 👉 https://guy.coinbureau.com/binance/ 👕 My Merch Store 👉 https://... 🔥 TOP Crypto TIPS In My Newsletter 👉 https://guy.coinbureau.com/signup/ 🛒 20% Binance Discount 👉 https://guy.coinbureau.com/binance/ 👕 My Merch Store 👉 https://store.coinbureau.com 📲 Insider Info in my Socials 👉 https://guy.coinbureau.com/socials/ ~~~~~ 📺Essential Videos📺 Lars Dittmar Debunks Crypto Climate FUD 👉 https://youtu.be/lA3iBUqsGhY Bitcoin vs. Gold 👉 https://youtu.be/B_QaL9fAKoM Fiat Currency Ponzi Scheme 👉 https://youtu.be/L_f6R0DHNH0 What Happens When All Bitcoin Is Mined 👉 https://youtu.be/Iyy2-FUAFcU ~~~~~ - TIMESTAMPS - 0:00 Intro 2:01 Crypto Mining Explained 4:48 Bitcoin Mining Climate Claims 8:41 Bitcoin Mining Energy Use 10:55 Green Energy Bitcoin Mining 13:58 The Real Cause Of Climate Change? 16:54 Conclusion ~~~~~ ⛓️ 🔗 Useful Links 🔗 ⛓️ ► Bitcoin Mining Map: https://cbeci.org/mining_map ► Full 2018 Article From Nature Climate Change Journal: https://www.researchgate.net/publication/328581842_Bitcoin_emissions_alone_could_push_global_warming_above_2C ► Bitcoin Mining Energy Consumption Estimate: https://www.bbc.com/news/science-environment-56215787 ► Gold Mining Energy Use: https://www.forbes.com/sites/lawrencewintermeyer/2021/03/10/bitcoins-energy-consumption-is-a-highly-charged-debate--whos-right/?sh=16542fdc7e78 ► Square Report On Bitcoin Green Energy Mining: https://assets.ctfassets.net/2d5q1td6cyxq/5mRjc9X5LTXFFihIlTt7QK/e7bcba47217b60423a01a357e036105e/BCEI_White_Paper.pdf ► 70%+ Of Bitcoin Miners Use Renewable Energy: https://www.coinbase.com/learn/crypto-basics/7-biggest-bitcoin-myths ► Bitcoin Miners Reusing Heat Energy: https://braiins.com/blog/green-innovation-in-bitcoin-mining-recycling-asic-heat ► Jeff Booth Discusses Inflation & Climate Change, How Bitcoin Fixes It: https://youtu.be/0Q9_-WDhpoQ ~~~~~ ⛏Crypto Mining Explained⛏ Proof of work is essentially meant to simulate real world resource mining in a digital way with complex equations, hence why cryptocurrency is ‘mined’ by specialized computers called ‘miners.’ There are over 1 million Bitcoin miners around the world, and that’s in addition to the millions of miners processing transactions for other proof of stake cryptocurrency networks like Ethereum and Litecoin. All this cryptocurrency mining is using a lot of energy and this has many people concerned about the effect cryptocurrency mining could be having on the climate. 🕵️♂Bitcoin Mining Climate Claims🕵️♂ Although concerns about crypto’s effect on the climate have been around since Bitcoin began back in 2009, it wasn’t until the 2017 crypto market boom that these concerns started to make the news. Many of the headlines we see today are almost identical to the ones we saw back then, and most of the statistics cited by today’s and yesterday’s crypto climate critics all come from a single source. This source is an academic article published in 2018 to nature’s climate change journal. It argues that emissions from Bitcoin mining alone could increase the global temperature by 2 degrees. When you consider Bitcoin’s comparatively small energy consumption on the global scale, the numbers from this article don’t add up. ⚡Bitcoin Mining Energy Use⚡ Nobody is actually sure how much energy Bitcoin mining uses. The University of Cambridge estimates it could be anywhere between 40 and 440 terawatts per year. For context, the Netherlands uses 121 terawatts of energy per year, Argentina uses 300 terawatts, and the United States uses a whopping 4000 terawatts. Bitcoin is not a country, it is a financial system, and when you compare apples to apples, cryptocurrency offers the most energy efficient financial system in the world. ☀Green Energy Bitcoin Mining☀ Cryptocurrency mining has accelerated the growth of green energy. This is because miners go to where power is the cheapest, because cheaper power means more profits. As it so happens, renewable energy sources like wind, solar, geothermal, and hydroelectric cost half as much as coal and natural gas. While the University of Cambridge estimates 40% of all Bitcoin miners use renewable energy, recent statistics suggest this figure could be as high as 70 percent. 👀The Real Cause Of Climate Change?👀 In his book ‘The Price of Tomorrow’, Jeff Booth argues that the common denominator in the world’s environmental woes is actually inflation. This is because inflation incentivizes spending over saving, which creates unnecessary consumption, waste, and energy usage. By contrast, Bitcoin is deflationary and incentives saving. ~~~~~ 📜 Disclaimer 📜 The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome. #Bitcoin #BTC #mining #climate #crypto https://wn.com/Fact_Check_Bitcoin_Mining_Is_Bad_For_The_Climate_🌎 🔥 TOP Crypto TIPS In My Newsletter 👉 https://guy.coinbureau.com/signup/ 🛒 20% Binance Discount 👉 https://guy.coinbureau.com/binance/ 👕 My Merch Store 👉 https://store.coinbureau.com 📲 Insider Info in my Socials 👉 https://guy.coinbureau.com/socials/ ~~~~~ 📺Essential Videos📺 Lars Dittmar Debunks Crypto Climate FUD 👉 https://youtu.be/lA3iBUqsGhY Bitcoin vs. Gold 👉 https://youtu.be/B_QaL9fAKoM Fiat Currency Ponzi Scheme 👉 https://youtu.be/L_f6R0DHNH0 What Happens When All Bitcoin Is Mined 👉 https://youtu.be/Iyy2-FUAFcU ~~~~~ - TIMESTAMPS - 0:00 Intro 2:01 Crypto Mining Explained 4:48 Bitcoin Mining Climate Claims 8:41 Bitcoin Mining Energy Use 10:55 Green Energy Bitcoin Mining 13:58 The Real Cause Of Climate Change? 16:54 Conclusion ~~~~~ ⛓️ 🔗 Useful Links 🔗 ⛓️ ► Bitcoin Mining Map: https://cbeci.org/mining_map ► Full 2018 Article From Nature Climate Change Journal: https://www.researchgate.net/publication/328581842_Bitcoin_emissions_alone_could_push_global_warming_above_2C ► Bitcoin Mining Energy Consumption Estimate: https://www.bbc.com/news/science-environment-56215787 ► Gold Mining Energy Use: https://www.forbes.com/sites/lawrencewintermeyer/2021/03/10/bitcoins-energy-consumption-is-a-highly-charged-debate--whos-right/?sh=16542fdc7e78 ► Square Report On Bitcoin Green Energy Mining: https://assets.ctfassets.net/2d5q1td6cyxq/5mRjc9X5LTXFFihIlTt7QK/e7bcba47217b60423a01a357e036105e/BCEI_White_Paper.pdf ► 70%+ Of Bitcoin Miners Use Renewable Energy: https://www.coinbase.com/learn/crypto-basics/7-biggest-bitcoin-myths ► Bitcoin Miners Reusing Heat Energy: https://braiins.com/blog/green-innovation-in-bitcoin-mining-recycling-asic-heat ► Jeff Booth Discusses Inflation & Climate Change, How Bitcoin Fixes It: https://youtu.be/0Q9_-WDhpoQ ~~~~~ ⛏Crypto Mining Explained⛏ Proof of work is essentially meant to simulate real world resource mining in a digital way with complex equations, hence why cryptocurrency is ‘mined’ by specialized computers called ‘miners.’ There are over 1 million Bitcoin miners around the world, and that’s in addition to the millions of miners processing transactions for other proof of stake cryptocurrency networks like Ethereum and Litecoin. All this cryptocurrency mining is using a lot of energy and this has many people concerned about the effect cryptocurrency mining could be having on the climate. 🕵️♂Bitcoin Mining Climate Claims🕵️♂ Although concerns about crypto’s effect on the climate have been around since Bitcoin began back in 2009, it wasn’t until the 2017 crypto market boom that these concerns started to make the news. Many of the headlines we see today are almost identical to the ones we saw back then, and most of the statistics cited by today’s and yesterday’s crypto climate critics all come from a single source. This source is an academic article published in 2018 to nature’s climate change journal. It argues that emissions from Bitcoin mining alone could increase the global temperature by 2 degrees. When you consider Bitcoin’s comparatively small energy consumption on the global scale, the numbers from this article don’t add up. ⚡Bitcoin Mining Energy Use⚡ Nobody is actually sure how much energy Bitcoin mining uses. The University of Cambridge estimates it could be anywhere between 40 and 440 terawatts per year. For context, the Netherlands uses 121 terawatts of energy per year, Argentina uses 300 terawatts, and the United States uses a whopping 4000 terawatts. Bitcoin is not a country, it is a financial system, and when you compare apples to apples, cryptocurrency offers the most energy efficient financial system in the world. ☀Green Energy Bitcoin Mining☀ Cryptocurrency mining has accelerated the growth of green energy. This is because miners go to where power is the cheapest, because cheaper power means more profits. As it so happens, renewable energy sources like wind, solar, geothermal, and hydroelectric cost half as much as coal and natural gas. While the University of Cambridge estimates 40% of all Bitcoin miners use renewable energy, recent statistics suggest this figure could be as high as 70 percent. 👀The Real Cause Of Climate Change?👀 In his book ‘The Price of Tomorrow’, Jeff Booth argues that the common denominator in the world’s environmental woes is actually inflation. This is because inflation incentivizes spending over saving, which creates unnecessary consumption, waste, and energy usage. By contrast, Bitcoin is deflationary and incentives saving. ~~~~~ 📜 Disclaimer 📜 The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome. #Bitcoin #BTC #mining #climate #crypto * published: 06 May 2021 * views: 148276 5:59 WHY BITCOIN IS SO BAD FOR THE PLANET * Order: Reorder * Duration: 5:59 * Uploaded Date: 25 Feb 2021 * views: 91781 In a year, bitcoin uses around the same amount of electricity as the entire country of Norway. The digital currency is one that allows people to bypass banks an... In a year, bitcoin uses around the same amount of electricity as the entire country of Norway. The digital currency is one that allows people to bypass banks and traditional payment methods. It is the most prominent among thousands of so-called cryptocurrencies and has been repeatedly reaching new records - but is it sustainable? The Guardian's UK technology editor Alex Hern examines how exactly bitcoin uses electricity and if the environmental cost is too high What is bitcoin and why are so many people looking to buy it? ► https://www.theguardian.com/technology/2021/jan/11/what-bitcoin-why-many-people-buy-cryptocurrency-financial-regulator Cryptocurrencies rise in popularity in world's conflict zones ► https://www.theguardian.com/technology/2021/feb/09/rise-in-popularity-of-cryptocurrencies-in-worlds-conflict-zones The Guardian publishes independent journalism, made possible by supporters. Contribute to The Guardian today ► https://bit.ly/3uhA7zg Website ► https://www.theguardian.com Facebook ►https://www.facebook.com/theguardian Twitter ► https://twitter.com/guardian Instagram ► https://instagram/guardian https://wn.com/Why_Bitcoin_Is_So_Bad_For_The_Planet In a year, bitcoin uses around the same amount of electricity as the entire country of Norway. The digital currency is one that allows people to bypass banks and traditional payment methods. It is the most prominent among thousands of so-called cryptocurrencies and has been repeatedly reaching new records - but is it sustainable? The Guardian's UK technology editor Alex Hern examines how exactly bitcoin uses electricity and if the environmental cost is too high What is bitcoin and why are so many people looking to buy it? ► https://www.theguardian.com/technology/2021/jan/11/what-bitcoin-why-many-people-buy-cryptocurrency-financial-regulator Cryptocurrencies rise in popularity in world's conflict zones ► https://www.theguardian.com/technology/2021/feb/09/rise-in-popularity-of-cryptocurrencies-in-worlds-conflict-zones The Guardian publishes independent journalism, made possible by supporters. Contribute to The Guardian today ► https://bit.ly/3uhA7zg Website ► https://www.theguardian.com Facebook ►https://www.facebook.com/theguardian Twitter ► https://twitter.com/guardian Instagram ► https://instagram/guardian * published: 25 Feb 2021 * views: 91781 8:58 WHY BITCOIN USES SO MUCH ENERGY | CNBC EXPLAINS * Order: Reorder * Duration: 8:58 * Uploaded Date: 16 Jun 2021 * views: 47429 In mid-May 2021, billionaire Elon Musk sent a tweet that crashed the cryptocurrency market. The Tesla CEO announced the electric vehicle company would no longer... In mid-May 2021, billionaire Elon Musk sent a tweet that crashed the cryptocurrency market. The Tesla CEO announced the electric vehicle company would no longer accept bitcoin for purchases due to its huge energy consumption. So why does crypto-mining use so much electricity, and is there a sustainable alternative? CNBC's Nessa Anwar is joined by Ryan Browne to explain. Contents of this video: 0:00 - Intro 0:34 - What makes crypto different? 1:19 - Why was crypto-mining introduced? 1:49 - How does crypto-mining work? 2:19 - The big problem with crypto-mining 3:23 - How much energy does Bitcoin use? 4:17 - Is it just Bitcoin with these issues? 4:35 - Bitcoin's biggest mining countries 5:04 - Bitcoin blackouts 5:20 - Governments hit back at miners 5:46 - The benefits of crypto 6:00 - Crypto vs online banking 6:55 - Ethereum's plan to lower energy use 7:40 - Is crypto-mining worth it? ----- Subscribe to us on YouTube: http://cnb.cx/2wuoARM Subscribe to CNBC International TV on YouTube: https://cnb.cx/2NGytpz Like our Facebook page: https://www.facebook.com/cnbcinternational Follow us on Instagram: https://www.instagram.com/cnbcinternational/ Follow us on Twitter: https://twitter.com/CNBCi https://wn.com/Why_Bitcoin_Uses_So_Much_Energy_|_Cnbc_Explains In mid-May 2021, billionaire Elon Musk sent a tweet that crashed the cryptocurrency market. The Tesla CEO announced the electric vehicle company would no longer accept bitcoin for purchases due to its huge energy consumption. So why does crypto-mining use so much electricity, and is there a sustainable alternative? CNBC's Nessa Anwar is joined by Ryan Browne to explain. Contents of this video: 0:00 - Intro 0:34 - What makes crypto different? 1:19 - Why was crypto-mining introduced? 1:49 - How does crypto-mining work? 2:19 - The big problem with crypto-mining 3:23 - How much energy does Bitcoin use? 4:17 - Is it just Bitcoin with these issues? 4:35 - Bitcoin's biggest mining countries 5:04 - Bitcoin blackouts 5:20 - Governments hit back at miners 5:46 - The benefits of crypto 6:00 - Crypto vs online banking 6:55 - Ethereum's plan to lower energy use 7:40 - Is crypto-mining worth it? ----- Subscribe to us on YouTube: http://cnb.cx/2wuoARM Subscribe to CNBC International TV on YouTube: https://cnb.cx/2NGytpz Like our Facebook page: https://www.facebook.com/cnbcinternational Follow us on Instagram: https://www.instagram.com/cnbcinternational/ Follow us on Twitter: https://twitter.com/CNBCi * published: 16 Jun 2021 * views: 47429 6:59 BITCOIN'S ENERGY CONSUMPTION * Order: Reorder * Duration: 6:59 * Uploaded Date: 25 Feb 2021 * views: 23600 Bitcoin's energy consumption has stayed flat since mid 2018 (almost 3 years), despite huge growth in users, and dollars moved on the network. Many skeptics poin... Bitcoin's energy consumption has stayed flat since mid 2018 (almost 3 years), despite huge growth in users, and dollars moved on the network. Many skeptics point to the irony of Tesla buying Bitcoin (because of its focus on renewable energy), but fail to understand this. The monetary system requires energy. Yes, Bitcoin consumes a lot, but it's not more than we can handle, especially if the trend of rising average transaction values continues. What are your thoughts on this? Was it hypocritical for Tesla to buy Bitcoin? Are you happy they did? Become a #HyperChanger & support us on Patreon to receive the exclusive weekly HyperChange Newsletter!! https://www.patreon.com/hyperchange Bitcoin Energy Consumption: https://digiconomist.net/bitcoin-energy-consumption/ Bitcoin Average Transaction value: https://bitinfocharts.com/comparison/transactionvalue-btc.html Bitcoin Daily Transactions: https://hypercharts.co/btc Bitcoin Music by Marko: https://soundcloud.com/markothedon & Fritz Carlton: https://soundcloud.com/fritzcarlton Disclaimer: This video is purely my opinion and should not be regarded as factual information. I am not a financial advisor. This is not a recommendation to buy or sell securities. Do not assume any facts and numbers in this video are accurate. Always do your own due diligence. As of 02/24/2020 HyperChange host (Galileo Russell) is invested in shares of Tesla (TSLA), Spotify (SPOT), Arcimoto (FUV), Snap (SNAP) and long the crypto currencies Bitcoin and Maker. Galileo is also an investor in SpaceFilche LLC, an SPV that owns SpaceX stock. https://wn.com/Bitcoin's_Energy_Consumption Bitcoin's energy consumption has stayed flat since mid 2018 (almost 3 years), despite huge growth in users, and dollars moved on the network. Many skeptics point to the irony of Tesla buying Bitcoin (because of its focus on renewable energy), but fail to understand this. The monetary system requires energy. Yes, Bitcoin consumes a lot, but it's not more than we can handle, especially if the trend of rising average transaction values continues. What are your thoughts on this? Was it hypocritical for Tesla to buy Bitcoin? Are you happy they did? Become a #HyperChanger & support us on Patreon to receive the exclusive weekly HyperChange Newsletter!! https://www.patreon.com/hyperchange Bitcoin Energy Consumption: https://digiconomist.net/bitcoin-energy-consumption/ Bitcoin Average Transaction value: https://bitinfocharts.com/comparison/transactionvalue-btc.html Bitcoin Daily Transactions: https://hypercharts.co/btc Bitcoin Music by Marko: https://soundcloud.com/markothedon & Fritz Carlton: https://soundcloud.com/fritzcarlton Disclaimer: This video is purely my opinion and should not be regarded as factual information. I am not a financial advisor. This is not a recommendation to buy or sell securities. Do not assume any facts and numbers in this video are accurate. Always do your own due diligence. As of 02/24/2020 HyperChange host (Galileo Russell) is invested in shares of Tesla (TSLA), Spotify (SPOT), Arcimoto (FUV), Snap (SNAP) and long the crypto currencies Bitcoin and Maker. Galileo is also an investor in SpaceFilche LLC, an SPV that owns SpaceX stock. * published: 25 Feb 2021 * views: 23600 2:54 BITCOIN ENERGY CONSUMPTION: AN INSIDE LOOK * Order: Reorder * Duration: 2:54 * Uploaded Date: 20 Mar 2018 * views: 15139 What’s the physical cost of a digital currency? The amount of energy that Bitcoin mining consumes is about the same amount as some medium-sized countries – and ... What’s the physical cost of a digital currency? The amount of energy that Bitcoin mining consumes is about the same amount as some medium-sized countries – and that will only increase. Take a look behind the scenes of one Bitcoin mining operation that is optimizing its energy costs through the science of immersion cooling. This video is part of the 3M documentary series, Data Driven, exploring the future of sustainability and data. Watch “Data driven. Advancing a sustainable future.” Learn more about immersion cooling at 3m.com/datadriven. https://wn.com/Bitcoin_Energy_Consumption_An_Inside_Look What’s the physical cost of a digital currency? The amount of energy that Bitcoin mining consumes is about the same amount as some medium-sized countries – and that will only increase. Take a look behind the scenes of one Bitcoin mining operation that is optimizing its energy costs through the science of immersion cooling. This video is part of the 3M documentary series, Data Driven, exploring the future of sustainability and data. Watch “Data driven. Advancing a sustainable future.” Learn more about immersion cooling at 3m.com/datadriven. * published: 20 Mar 2018 * views: 15139 8:22 BITCOIN POWER PROBLEM - COMPUTERPHILE * Order: Reorder * Duration: 8:22 * Uploaded Date: 19 Jun 2018 * views: 109804 Computations involved in mining Bitcoin are astronomical. Professor Phil Moriarty explains how estimating the energy useage is a Fermi problem. The paper Phil ... Computations involved in mining Bitcoin are astronomical. Professor Phil Moriarty explains how estimating the energy useage is a Fermi problem. The paper Phil refers to: http://bit.ly/C_BTC-Energy Onion Routing (Tor): https://youtu.be/QRYzre4bf7I Bitcoin Mining in 4 minutes: https://youtu.be/wTC31ZI6QM4 https://www.facebook.com/computerphile https://twitter.com/computer_phile This video was filmed and edited by Sean Riley. Computer Science at the University of Nottingham: https://bit.ly/nottscomputer Computerphile is a sister project to Brady Haran's Numberphile. More at http://www.bradyharan.com https://wn.com/Bitcoin_Power_Problem_Computerphile Computations involved in mining Bitcoin are astronomical. Professor Phil Moriarty explains how estimating the energy useage is a Fermi problem. The paper Phil refers to: http://bit.ly/C_BTC-Energy Onion Routing (Tor): https://youtu.be/QRYzre4bf7I Bitcoin Mining in 4 minutes: https://youtu.be/wTC31ZI6QM4 https://www.facebook.com/computerphile https://twitter.com/computer_phile This video was filmed and edited by Sean Riley. Computer Science at the University of Nottingham: https://bit.ly/nottscomputer Computerphile is a sister project to Brady Haran's Numberphile. More at http://www.bradyharan.com * published: 19 Jun 2018 * views: 109804 6:03 MICHAEL SAYLOR & MAX KEISER DESTROY BITCOIN ENERGY CONSUMPTION CRITICISM * Order: Reorder * Duration: 6:03 * Uploaded Date: 17 Mar 2021 * views: 61030 MicroStrategy CEO Michael Saylor & Max Keiser explain how the bitcoin energy consumption criticisms on the news are not valid. 0:00 - Michael Saylor 2:26 - Ma... MicroStrategy CEO Michael Saylor & Max Keiser explain how the bitcoin energy consumption criticisms on the news are not valid. 0:00 - Michael Saylor 2:26 - Max Keiser Original Interviews: Michael Saylor: https://youtu.be/nPt51vxTUFM Max Keiser: https://youtu.be/Q9z9ZqZXZ4g Swan Bitcoin is the best way to accumulate Bitcoin with automatic recurring buys and instant buys from $10 to $10 million. Get started in just 5 minutes. Your first $10 purchase is on us: swanbitcoin.com/yt Connect with Swan on social media: Twitter: https://twitter.com/SwanBitcoin Telegram: https://t.me/swansignal LinkedIn: https://www.linkedin.com/company/swanbitcoin #bitcoin #bitcoinnews #MichaelSaylor https://wn.com/Michael_Saylor_Max_Keiser_Destroy_Bitcoin_Energy_Consumption_Criticism MicroStrategy CEO Michael Saylor & Max Keiser explain how the bitcoin energy consumption criticisms on the news are not valid. 0:00 - Michael Saylor 2:26 - Max Keiser Original Interviews: Michael Saylor: https://youtu.be/nPt51vxTUFM Max Keiser: https://youtu.be/Q9z9ZqZXZ4g Swan Bitcoin is the best way to accumulate Bitcoin with automatic recurring buys and instant buys from $10 to $10 million. Get started in just 5 minutes. Your first $10 purchase is on us: swanbitcoin.com/yt Connect with Swan on social media: Twitter: https://twitter.com/SwanBitcoin Telegram: https://t.me/swansignal LinkedIn: https://www.linkedin.com/company/swanbitcoin #bitcoin #bitcoinnews #MichaelSaylor * published: 17 Mar 2021 * views: 61030 12:21 WHY BITCOIN USES SO MUCH ENERGY * Order: Reorder * Duration: 12:21 * Uploaded Date: 26 Jan 2021 * views: 6585 The energy demand of Bitcoin (BTC) and other cryptocurrencies is rising every day, and that's no accident. The special algorithm Bitcoin uses requires computer... The energy demand of Bitcoin (BTC) and other cryptocurrencies is rising every day, and that's no accident. The special algorithm Bitcoin uses requires computers to compete for validation rewards, or mining. As the network grows, so does the energy usage and potential carbon footprint. Is there a way to curtail this impending crisis? Is the environmental footprint accurately measured? Let's explore how the Bitcoin blockchain actually works and why it's growth is a growing concern for our climate. Timeline: 0:00 start/intro 1:11 What is Bitcoin? 2:25 What is a blockchain? 5:52 What is "proof-of-work"? 7:16 The cost and benefits of Bitcoin mining 8:51 Global Bitcoin energy estimates 10:14 Conclusions/Summary References: Bitcoin basics: https://www.investopedia.com/tech/how-does-bitcoin-mining-work/ Bitpanda Academy: https://www.bitpanda.com/academy/en/lessons/how-does-a-blockchain-work/ Energy estimates: https://bitcoinmagazine.com/articles/introducing-cbei-a-new-way-to-measure-bitcoin-network-electrical-consumption CBEI: https://cbeci.org/ Digiconomist: https://digiconomist.net/bitcoin-energy-consumption Banks vs Bitcoin: https://medium.com/@zodhyatech/which-consumes-more-power-banks-or-bitcoins-8302750fe2bc ASIC wiki: https://en.bitcoin.it/wiki/ASIC#:~:text=An%20application-specific%20integrated%20circuit%20%28abbreviated%20as%20ASIC%29%20is,step%20of%20development%20after%20CPUs%2C%20GPUs%20and%20FPGAs mining calculator: https://www.cryptocompare.com/mining/calculator/btc?HashingPower=15&HashingUnit=TH%2Fs&PowerConsumption=0&CostPerkWh=0&MiningPoolFee=1 Other helpful videos on this topic: TEDx: How can we sustainability power a cryptocurrency future? https://www.youtube.com/watch?v=hukR1LysU2Y Anton Petrov: https://www.youtube.com/watch?v=meXWKQkQMXI ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Thank you for watching! Consider SUBSCRIBING for more sustainability on a budget! https://www.youtube.com/channel/UCo1OX92U5fv-qks872wq29g?sub_confirmation=1 https://wn.com/Why_Bitcoin_Uses_So_Much_Energy The energy demand of Bitcoin (BTC) and other cryptocurrencies is rising every day, and that's no accident. The special algorithm Bitcoin uses requires computers to compete for validation rewards, or mining. As the network grows, so does the energy usage and potential carbon footprint. Is there a way to curtail this impending crisis? Is the environmental footprint accurately measured? Let's explore how the Bitcoin blockchain actually works and why it's growth is a growing concern for our climate. Timeline: 0:00 start/intro 1:11 What is Bitcoin? 2:25 What is a blockchain? 5:52 What is "proof-of-work"? 7:16 The cost and benefits of Bitcoin mining 8:51 Global Bitcoin energy estimates 10:14 Conclusions/Summary References: Bitcoin basics: https://www.investopedia.com/tech/how-does-bitcoin-mining-work/ Bitpanda Academy: https://www.bitpanda.com/academy/en/lessons/how-does-a-blockchain-work/ Energy estimates: https://bitcoinmagazine.com/articles/introducing-cbei-a-new-way-to-measure-bitcoin-network-electrical-consumption CBEI: https://cbeci.org/ Digiconomist: https://digiconomist.net/bitcoin-energy-consumption Banks vs Bitcoin: https://medium.com/@zodhyatech/which-consumes-more-power-banks-or-bitcoins-8302750fe2bc ASIC wiki: https://en.bitcoin.it/wiki/ASIC#:~:text=An%20application-specific%20integrated%20circuit%20%28abbreviated%20as%20ASIC%29%20is,step%20of%20development%20after%20CPUs%2C%20GPUs%20and%20FPGAs mining calculator: https://www.cryptocompare.com/mining/calculator/btc?HashingPower=15&HashingUnit=TH%2Fs&PowerConsumption=0&CostPerkWh=0&MiningPoolFee=1 Other helpful videos on this topic: TEDx: How can we sustainability power a cryptocurrency future? https://www.youtube.com/watch?v=hukR1LysU2Y Anton Petrov: https://www.youtube.com/watch?v=meXWKQkQMXI ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Thank you for watching! Consider SUBSCRIBING for more sustainability on a budget! https://www.youtube.com/channel/UCo1OX92U5fv-qks872wq29g?sub_confirmation=1 * published: 26 Jan 2021 * views: 6585 6:16 BITCOIN'S IMPACT ON THE ENVIRONMENT * Order: Reorder * Duration: 6:16 * Uploaded Date: 11 Feb 2021 * views: 20107 Feb.09 -- Tesla’s $1.5 billion bitcoin purchase this week sent the cryptocurrency soaring to a record. Nic Carter, founding partner at Castle Island Ventures, s... Feb.09 -- Tesla’s $1.5 billion bitcoin purchase this week sent the cryptocurrency soaring to a record. Nic Carter, founding partner at Castle Island Ventures, speaks with Bloomberg's Caroline Hyde, Romaine Bostick and Joe Weisenthal on "What'd You Miss?" about mining bitcoins and its effect on the environment. https://wn.com/Bitcoin's_Impact_On_The_Environment Feb.09 -- Tesla’s $1.5 billion bitcoin purchase this week sent the cryptocurrency soaring to a record. Nic Carter, founding partner at Castle Island Ventures, speaks with Bloomberg's Caroline Hyde, Romaine Bostick and Joe Weisenthal on "What'd You Miss?" about mining bitcoins and its effect on the environment. * published: 11 Feb 2021 * views: 20107 back * Most Related * Most Recent * Most Popular * Top Rated * expand screen to full width * repeat playlist * shuffle * replay video * clear playlist restore * images list developed with YouTube PLAYLIST TIME: back * Most Related * Most Recent * Most Popular * Top Rated * Reorder 8:01 Inside Bitcoin's Energy Consumption Problem remove from playlistshare this video INSIDE BITCOIN'S ENERGY CONSUMPTION PROBLEM * Report rights infringement * published: 26 May 2021 * views: 136764 Hordes of crypto fanatics got their knickers in a twist recently when erstwhile cheerleader Elon Musk expressed concerns about the environmental cost of Bitcoin. “Cryptocurrency is a good idea on many levels,” read a statement shared on his Twitter feed. “We believe it has a promising future – but this cannot come at great cost to the environment.” So how bad is Bitcoin for the planet? And does Musk’s radical U-turn mark the beginning of the end for the crypto revolution? Join us on a trip down the mines for an unflinching look at the energy consumption of Bitcoin. SUGGEST A TOPIC https://techvision.tv Imagery supplied via Getty Images How Much Energy Does Bitcoin Use? * Show More * Reorder 8:59 Inside the Largest Bitcoin Mine in The U.S. | WIRED remove from playlistshare this video INSIDE THE LARGEST BITCOIN MINE IN THE U.S. | WIRED * Report rights infringement * published: 16 Aug 2021 * views: 40998 Bitcoin hit 1 trillion market cap this year. This has inspired some bitcoin operations to expand. The ban on mining in China has caused a mass exodus, and some mining operations are moving their facilities to the United States. We go to Rockland, Texas to a look inside the largest bitcoin mine in North America. Operated by Whinstone U.S., is this large mine one of the first of many? Still haven’t subscribed to WIRED on YouTube? ►► http://wrd.cm/15fP7B7 Listen to the Get WIRED podcast ►► https://link.chtbl.com/wired-ytc-desc Want more WIRED? Get the magazine ►► https://subscribe.wired.com/subscribe/splits/wired/WIR_YouTube?source=EDT_WIR_YouTube_0_Video_Description_ZZ Get more incredible stories on science and tech with our daily newsletter: https://wrd.cm/DailyYT Also, check out the free WIRED channel on Roku, Apple TV, Amazon Fire TV, and Android TV. Here you can find your favorite WIRED shows and new episodes of our latest hit series Tradecraft. ABOUT WIRED WIRED is where tomorrow is realized. Through thought-provoking stories and videos, WIRED explores the future of business, innovation, and culture. Inside the Largest Bitcoin Mine in The U.S. | WIRED * Show More * Reorder 14:36 How Can We Sustainably Power a Cryptocurrency Future? | Tara Shirvani | TEDxCambridgeUniversity remove from playlistshare this video HOW CAN WE SUSTAINABLY POWER A CRYPTOCURRENCY FUTURE? | TARA SHIRVANI | TEDXCAMBRIDGEUNIVERSITY * Report rights infringement * published: 09 May 2019 * views: 11220 Blockchain will cause an energy revolution in our near future. Are we as a planet prepared to power this new currency? Tara Shirvani is an infrastructure specialist passionate about leveraging technology and finance to drive impact in the developing world. She manages the green infrastructure portfolio at the European Bank for Reconstruction and Development. Prior to this she was at the World Bank and UNDP having graduated from Cambridge and Oxford University. Her work has received international recognition including the Aviva Women of the Future Award and Forbes 30 under 30. Tara Shirvani is an infrastructure specialist passionate about leveraging technology and finance to drive impact in the developing world. She manages the green infrastructure portfolio at the European Bank for Reconstruction and Development. Prior she was at the World Bank and UNDP having graduated from Cambridge and Oxford University. Her work has received international recognition incl. the Aviva Women of the Future Award and Forbes 30 under 30. This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at https://www.ted.com/tedx * Show More * Reorder 20:21 FACT CHECK: Bitcoin Mining is BAD For The Climate!? 🌎 remove from playlistshare this video FACT CHECK: BITCOIN MINING IS BAD FOR THE CLIMATE!? 🌎 * Report rights infringement * published: 06 May 2021 * views: 148276 🔥 TOP Crypto TIPS In My Newsletter 👉 https://guy.coinbureau.com/signup/ 🛒 20% Binance Discount 👉 https://guy.coinbureau.com/binance/ 👕 My Merch Store 👉 https://store.coinbureau.com 📲 Insider Info in my Socials 👉 https://guy.coinbureau.com/socials/ ~~~~~ 📺Essential Videos📺 Lars Dittmar Debunks Crypto Climate FUD 👉 https://youtu.be/lA3iBUqsGhY Bitcoin vs. Gold 👉 https://youtu.be/B_QaL9fAKoM Fiat Currency Ponzi Scheme 👉 https://youtu.be/L_f6R0DHNH0 What Happens When All Bitcoin Is Mined 👉 https://youtu.be/Iyy2-FUAFcU ~~~~~ - TIMESTAMPS - 0:00 Intro 2:01 Crypto Mining Explained 4:48 Bitcoin Mining Climate Claims 8:41 Bitcoin Mining Energy Use 10:55 Green Energy Bitcoin Mining 13:58 The Real Cause Of Climate Change? 16:54 Conclusion ~~~~~ ⛓️ 🔗 Useful Links 🔗 ⛓️ ► Bitcoin Mining Map: https://cbeci.org/mining_map ► Full 2018 Article From Nature Climate Change Journal: https://www.researchgate.net/publication/328581842_Bitcoin_emissions_alone_could_push_global_warming_above_2C ► Bitcoin Mining Energy Consumption Estimate: https://www.bbc.com/news/science-environment-56215787 ► Gold Mining Energy Use: https://www.forbes.com/sites/lawrencewintermeyer/2021/03/10/bitcoins-energy-consumption-is-a-highly-charged-debate--whos-right/?sh=16542fdc7e78 ► Square Report On Bitcoin Green Energy Mining: https://assets.ctfassets.net/2d5q1td6cyxq/5mRjc9X5LTXFFihIlTt7QK/e7bcba47217b60423a01a357e036105e/BCEI_White_Paper.pdf ► 70%+ Of Bitcoin Miners Use Renewable Energy: https://www.coinbase.com/learn/crypto-basics/7-biggest-bitcoin-myths ► Bitcoin Miners Reusing Heat Energy: https://braiins.com/blog/green-innovation-in-bitcoin-mining-recycling-asic-heat ► Jeff Booth Discusses Inflation & Climate Change, How Bitcoin Fixes It: https://youtu.be/0Q9_-WDhpoQ ~~~~~ ⛏Crypto Mining Explained⛏ Proof of work is essentially meant to simulate real world resource mining in a digital way with complex equations, hence why cryptocurrency is ‘mined’ by specialized computers called ‘miners.’ There are over 1 million Bitcoin miners around the world, and that’s in addition to the millions of miners processing transactions for other proof of stake cryptocurrency networks like Ethereum and Litecoin. All this cryptocurrency mining is using a lot of energy and this has many people concerned about the effect cryptocurrency mining could be having on the climate. 🕵️♂Bitcoin Mining Climate Claims🕵️♂ Although concerns about crypto’s effect on the climate have been around since Bitcoin began back in 2009, it wasn’t until the 2017 crypto market boom that these concerns started to make the news. Many of the headlines we see today are almost identical to the ones we saw back then, and most of the statistics cited by today’s and yesterday’s crypto climate critics all come from a single source. This source is an academic article published in 2018 to nature’s climate change journal. It argues that emissions from Bitcoin mining alone could increase the global temperature by 2 degrees. When you consider Bitcoin’s comparatively small energy consumption on the global scale, the numbers from this article don’t add up. ⚡Bitcoin Mining Energy Use⚡ Nobody is actually sure how much energy Bitcoin mining uses. The University of Cambridge estimates it could be anywhere between 40 and 440 terawatts per year. For context, the Netherlands uses 121 terawatts of energy per year, Argentina uses 300 terawatts, and the United States uses a whopping 4000 terawatts. Bitcoin is not a country, it is a financial system, and when you compare apples to apples, cryptocurrency offers the most energy efficient financial system in the world. ☀Green Energy Bitcoin Mining☀ Cryptocurrency mining has accelerated the growth of green energy. This is because miners go to where power is the cheapest, because cheaper power means more profits. As it so happens, renewable energy sources like wind, solar, geothermal, and hydroelectric cost half as much as coal and natural gas. While the University of Cambridge estimates 40% of all Bitcoin miners use renewable energy, recent statistics suggest this figure could be as high as 70 percent. 👀The Real Cause Of Climate Change?👀 In his book ‘The Price of Tomorrow’, Jeff Booth argues that the common denominator in the world’s environmental woes is actually inflation. This is because inflation incentivizes spending over saving, which creates unnecessary consumption, waste, and energy usage. By contrast, Bitcoin is deflationary and incentives saving. ~~~~~ 📜 Disclaimer 📜 The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome. #Bitcoin #BTC #mining #climate #crypto * Show More * Reorder 5:59 Why Bitcoin is so bad for the planet remove from playlistshare this video WHY BITCOIN IS SO BAD FOR THE PLANET * Report rights infringement * published: 25 Feb 2021 * views: 91781 In a year, bitcoin uses around the same amount of electricity as the entire country of Norway. The digital currency is one that allows people to bypass banks and traditional payment methods. It is the most prominent among thousands of so-called cryptocurrencies and has been repeatedly reaching new records - but is it sustainable? The Guardian's UK technology editor Alex Hern examines how exactly bitcoin uses electricity and if the environmental cost is too high What is bitcoin and why are so many people looking to buy it? ► https://www.theguardian.com/technology/2021/jan/11/what-bitcoin-why-many-people-buy-cryptocurrency-financial-regulator Cryptocurrencies rise in popularity in world's conflict zones ► https://www.theguardian.com/technology/2021/feb/09/rise-in-popularity-of-cryptocurrencies-in-worlds-conflict-zones The Guardian publishes independent journalism, made possible by supporters. Contribute to The Guardian today ► https://bit.ly/3uhA7zg Website ► https://www.theguardian.com Facebook ►https://www.facebook.com/theguardian Twitter ► https://twitter.com/guardian Instagram ► https://instagram/guardian * Show More * Reorder 8:58 Why bitcoin uses so much energy | CNBC Explains remove from playlistshare this video WHY BITCOIN USES SO MUCH ENERGY | CNBC EXPLAINS * Report rights infringement * published: 16 Jun 2021 * views: 47429 In mid-May 2021, billionaire Elon Musk sent a tweet that crashed the cryptocurrency market. The Tesla CEO announced the electric vehicle company would no longer accept bitcoin for purchases due to its huge energy consumption. So why does crypto-mining use so much electricity, and is there a sustainable alternative? CNBC's Nessa Anwar is joined by Ryan Browne to explain. Contents of this video: 0:00 - Intro 0:34 - What makes crypto different? 1:19 - Why was crypto-mining introduced? 1:49 - How does crypto-mining work? 2:19 - The big problem with crypto-mining 3:23 - How much energy does Bitcoin use? 4:17 - Is it just Bitcoin with these issues? 4:35 - Bitcoin's biggest mining countries 5:04 - Bitcoin blackouts 5:20 - Governments hit back at miners 5:46 - The benefits of crypto 6:00 - Crypto vs online banking 6:55 - Ethereum's plan to lower energy use 7:40 - Is crypto-mining worth it? ----- Subscribe to us on YouTube: http://cnb.cx/2wuoARM Subscribe to CNBC International TV on YouTube: https://cnb.cx/2NGytpz Like our Facebook page: https://www.facebook.com/cnbcinternational Follow us on Instagram: https://www.instagram.com/cnbcinternational/ Follow us on Twitter: https://twitter.com/CNBCi * Show More * Reorder 6:59 Bitcoin's Energy Consumption remove from playlistshare this video BITCOIN'S ENERGY CONSUMPTION * Report rights infringement * published: 25 Feb 2021 * views: 23600 Bitcoin's energy consumption has stayed flat since mid 2018 (almost 3 years), despite huge growth in users, and dollars moved on the network. Many skeptics point to the irony of Tesla buying Bitcoin (because of its focus on renewable energy), but fail to understand this. The monetary system requires energy. Yes, Bitcoin consumes a lot, but it's not more than we can handle, especially if the trend of rising average transaction values continues. What are your thoughts on this? Was it hypocritical for Tesla to buy Bitcoin? Are you happy they did? Become a #HyperChanger & support us on Patreon to receive the exclusive weekly HyperChange Newsletter!! https://www.patreon.com/hyperchange Bitcoin Energy Consumption: https://digiconomist.net/bitcoin-energy-consumption/ Bitcoin Average Transaction value: https://bitinfocharts.com/comparison/transactionvalue-btc.html Bitcoin Daily Transactions: https://hypercharts.co/btc Bitcoin Music by Marko: https://soundcloud.com/markothedon & Fritz Carlton: https://soundcloud.com/fritzcarlton Disclaimer: This video is purely my opinion and should not be regarded as factual information. I am not a financial advisor. This is not a recommendation to buy or sell securities. Do not assume any facts and numbers in this video are accurate. Always do your own due diligence. As of 02/24/2020 HyperChange host (Galileo Russell) is invested in shares of Tesla (TSLA), Spotify (SPOT), Arcimoto (FUV), Snap (SNAP) and long the crypto currencies Bitcoin and Maker. Galileo is also an investor in SpaceFilche LLC, an SPV that owns SpaceX stock. * Show More * Reorder 2:54 Bitcoin Energy Consumption: An Inside Look remove from playlistshare this video BITCOIN ENERGY CONSUMPTION: AN INSIDE LOOK * Report rights infringement * published: 20 Mar 2018 * views: 15139 What’s the physical cost of a digital currency? The amount of energy that Bitcoin mining consumes is about the same amount as some medium-sized countries – and that will only increase. Take a look behind the scenes of one Bitcoin mining operation that is optimizing its energy costs through the science of immersion cooling. This video is part of the 3M documentary series, Data Driven, exploring the future of sustainability and data. Watch “Data driven. Advancing a sustainable future.” Learn more about immersion cooling at 3m.com/datadriven. * Show More * Reorder 8:22 Bitcoin Power Problem - Computerphile remove from playlistshare this video BITCOIN POWER PROBLEM - COMPUTERPHILE * Report rights infringement * published: 19 Jun 2018 * views: 109804 Computations involved in mining Bitcoin are astronomical. Professor Phil Moriarty explains how estimating the energy useage is a Fermi problem. The paper Phil refers to: http://bit.ly/C_BTC-Energy Onion Routing (Tor): https://youtu.be/QRYzre4bf7I Bitcoin Mining in 4 minutes: https://youtu.be/wTC31ZI6QM4 https://www.facebook.com/computerphile https://twitter.com/computer_phile This video was filmed and edited by Sean Riley. Computer Science at the University of Nottingham: https://bit.ly/nottscomputer Computerphile is a sister project to Brady Haran's Numberphile. More at http://www.bradyharan.com * Show More * Reorder 6:03 Michael Saylor & Max Keiser DESTROY Bitcoin Energy Consumption Criticism remove from playlistshare this video MICHAEL SAYLOR & MAX KEISER DESTROY BITCOIN ENERGY CONSUMPTION CRITICISM * Report rights infringement * published: 17 Mar 2021 * views: 61030 MicroStrategy CEO Michael Saylor & Max Keiser explain how the bitcoin energy consumption criticisms on the news are not valid. 0:00 - Michael Saylor 2:26 - Max Keiser Original Interviews: Michael Saylor: https://youtu.be/nPt51vxTUFM Max Keiser: https://youtu.be/Q9z9ZqZXZ4g Swan Bitcoin is the best way to accumulate Bitcoin with automatic recurring buys and instant buys from $10 to $10 million. Get started in just 5 minutes. Your first $10 purchase is on us: swanbitcoin.com/yt Connect with Swan on social media: Twitter: https://twitter.com/SwanBitcoin Telegram: https://t.me/swansignal LinkedIn: https://www.linkedin.com/company/swanbitcoin #bitcoin #bitcoinnews #MichaelSaylor * Show More * Reorder 12:21 Why Bitcoin uses so much energy remove from playlistshare this video WHY BITCOIN USES SO MUCH ENERGY * Report rights infringement * published: 26 Jan 2021 * views: 6585 The energy demand of Bitcoin (BTC) and other cryptocurrencies is rising every day, and that's no accident. The special algorithm Bitcoin uses requires computers to compete for validation rewards, or mining. As the network grows, so does the energy usage and potential carbon footprint. Is there a way to curtail this impending crisis? Is the environmental footprint accurately measured? Let's explore how the Bitcoin blockchain actually works and why it's growth is a growing concern for our climate. Timeline: 0:00 start/intro 1:11 What is Bitcoin? 2:25 What is a blockchain? 5:52 What is "proof-of-work"? 7:16 The cost and benefits of Bitcoin mining 8:51 Global Bitcoin energy estimates 10:14 Conclusions/Summary References: Bitcoin basics: https://www.investopedia.com/tech/how-does-bitcoin-mining-work/ Bitpanda Academy: https://www.bitpanda.com/academy/en/lessons/how-does-a-blockchain-work/ Energy estimates: https://bitcoinmagazine.com/articles/introducing-cbei-a-new-way-to-measure-bitcoin-network-electrical-consumption CBEI: https://cbeci.org/ Digiconomist: https://digiconomist.net/bitcoin-energy-consumption Banks vs Bitcoin: https://medium.com/@zodhyatech/which-consumes-more-power-banks-or-bitcoins-8302750fe2bc ASIC wiki: https://en.bitcoin.it/wiki/ASIC#:~:text=An%20application-specific%20integrated%20circuit%20%28abbreviated%20as%20ASIC%29%20is,step%20of%20development%20after%20CPUs%2C%20GPUs%20and%20FPGAs mining calculator: https://www.cryptocompare.com/mining/calculator/btc?HashingPower=15&HashingUnit=TH%2Fs&PowerConsumption=0&CostPerkWh=0&MiningPoolFee=1 Other helpful videos on this topic: TEDx: How can we sustainability power a cryptocurrency future? https://www.youtube.com/watch?v=hukR1LysU2Y Anton Petrov: https://www.youtube.com/watch?v=meXWKQkQMXI ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Thank you for watching! Consider SUBSCRIBING for more sustainability on a budget! https://www.youtube.com/channel/UCo1OX92U5fv-qks872wq29g?sub_confirmation=1 * Show More * Reorder 6:16 Bitcoin's Impact on the Environment remove from playlistshare this video BITCOIN'S IMPACT ON THE ENVIRONMENT * Report rights infringement * published: 11 Feb 2021 * views: 20107 Feb.09 -- Tesla’s $1.5 billion bitcoin purchase this week sent the cryptocurrency soaring to a record. Nic Carter, founding partner at Castle Island Ventures, speaks with Bloomberg's Caroline Hyde, Romaine Bostick and Joe Weisenthal on "What'd You Miss?" about mining bitcoins and its effect on the environment. * Show More * expand screen to full width * repeat playlist * shuffle * replay video * clear playlist restore * images list developed with YouTube PLAYLIST TIME: 0:00 / 1:49:49 INSIDE BITCOIN'S ENERGY CONSUMPTION PROBLEM * Report rights infringement * published: 26 May 2021 * views: 136764 Hordes of crypto fanatics got their knickers in a twist recently when erstwhile cheerleader Elon Musk expressed concerns about the environmental cost of Bitcoin. “Cryptocurrency is a good idea on many levels,” read a statement shared on his Twitter feed. “We believe it has a promising future – but this cannot come at great cost to the environment.” So how bad is Bitcoin for the planet? And does Musk’s radical U-turn mark the beginning of the end for the crypto revolution? Join us on a trip down the mines for an unflinching look at the energy consumption of Bitcoin. SUGGEST A TOPIC https://techvision.tv Imagery supplied via Getty Images How Much Energy Does Bitcoin Use? * Show More 8:01 Inside Bitcoin's Energy Consumption Problem Hordes of crypto fanatics got their knickers in a twist recently when erstwhile cheerleade... published: 26 May 2021 Play in Full Screen Inside Bitcoin's Energy Consumption Problem INSIDE BITCOIN'S ENERGY CONSUMPTION PROBLEM * Report rights infringement * published: 26 May 2021 * views: 136764 Hordes of crypto fanatics got their knickers in a twist recently when erstwhile cheerleader Elon Musk expressed concerns about the environmental cost of Bitcoin. “Cryptocurrency is a good idea on many levels,” read a statement shared on his Twitter feed. “We believe it has a promising future – but this cannot come at great cost to the environment.” So how bad is Bitcoin for the planet? And does Musk’s radical U-turn mark the beginning of the end for the crypto revolution? Join us on a trip down the mines for an unflinching look at the energy consumption of Bitcoin. SUGGEST A TOPIC https:// techvision. tv Imagery supplied via Getty Images How Much Energy Does Bitcoin Use? * Show More 8:59 Inside the Largest Bitcoin Mine in The U.S. | WIRED Bitcoin hit 1 trillion market cap this year. This has inspired some bitcoin operations to ... published: 16 Aug 2021 Play in Full Screen Inside the Largest Bitcoin Mine in The U.S. | WIRED INSIDE THE LARGEST BITCOIN MINE IN THE U.S. | WIRED * Report rights infringement * published: 16 Aug 2021 * views: 40998 Bitcoin hit 1 trillion market cap this year. This has inspired some bitcoin operations to expand. The ban on mining in China has caused a mass exodus, and some mining operations are moving their facilities to the United States. We go to Rockland, Texas to a look inside the largest bitcoin mine in North America. Operated by Whinstone U.S., is this large mine one of the first of many? Still haven’t subscribed to WIRED on YouTube? ►► http:// wrd. cm/ 15fP7B7 Listen to the Get WIRED podcast ►► https:// link. chtbl. com/ wired-ytc-desc Want more WIRED? Get the magazine ►► https:// subscribe. wired. com/ subscribe/ splits/ wired/ WIR_ YouTube? source=EDT_ WIR_ YouTube_ 0_ Video_ Description_ ZZ Get more incredible stories on science and tech with our daily newsletter: https:// wrd. cm/ DailyYT Also, check out the free WIRED channel on Roku, Apple TV, Amazon Fire TV, and Android TV. Here you can find your favorite WIRED shows and new episodes of our latest hit series Tradecraft. ABOUT WIRED WIRED is where tomorrow is realized. Through thought-provoking stories and videos, WIRED explores the future of business, innovation, and culture. Inside the Largest Bitcoin Mine in The U.S. | WIRED * Show More 14:36 How Can We Sustainably Power a Cryptocurrency Future? | Tara Shirvani | TEDxCambridgeUniversity Blockchain will cause an energy revolution in our near future. Are we as a planet prepared... published: 09 May 2019 Play in Full Screen How Can We Sustainably Power a Cryptocurrency Future? | Tara Shirvani | TEDxCambridgeUniversity HOW CAN WE SUSTAINABLY POWER A CRYPTOCURRENCY FUTURE? | TARA SHIRVANI | TEDXCAMBRIDGEUNIVERSITY * Report rights infringement * published: 09 May 2019 * views: 11220 Blockchain will cause an energy revolution in our near future. Are we as a planet prepared to power this new currency? Tara Shirvani is an infrastructure specialist passionate about leveraging technology and finance to drive impact in the developing world. She manages the green infrastructure portfolio at the European Bank for Reconstruction and Development. Prior to this she was at the World Bank and UNDP having graduated from Cambridge and Oxford University. Her work has received international recognition including the Aviva Women of the Future Award and Forbes 30 under 30. Tara Shirvani is an infrastructure specialist passionate about leveraging technology and finance to drive impact in the developing world. She manages the green infrastructure portfolio at the European Bank for Reconstruction and Development. Prior she was at the World Bank and UNDP having graduated from Cambridge and Oxford University. Her work has received international recognition incl. the Aviva Women of the Future Award and Forbes 30 under 30. This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at https:// www. ted. com/ tedx * Show More 20:21 FACT CHECK: Bitcoin Mining is BAD For The Climate!? 🌎 🔥 TOP Crypto TIPS In My Newsletter 👉 https:// guy. coinbureau. com/ signup/ 🛒 20% Binance Disc... published: 06 May 2021 Play in Full Screen FACT CHECK: Bitcoin Mining is BAD For The Climate!? 🌎 FACT CHECK: BITCOIN MINING IS BAD FOR THE CLIMATE!? 🌎 * Report rights infringement * published: 06 May 2021 * views: 148276 🔥 TOP Crypto TIPS In My Newsletter 👉 https:// guy. coinbureau. com/ signup/ 🛒 20% Binance Discount 👉 https:// guy. coinbureau. com/ binance/ 👕 My Merch Store 👉 https:// store. coinbureau. com 📲 Insider Info in my Socials 👉 https:// guy. coinbureau. com/ socials/ ~~~~~ 📺Essential Videos📺 Lars Dittmar Debunks Crypto Climate FUD 👉 https:// youtu. be/ lA3iBUqsGhY Bitcoin vs. Gold 👉 https:// youtu. be/ B_ QaL9fAKoM Fiat Currency Ponzi Scheme 👉 https:// youtu. be/ L_ f6R0DHNH0 What Happens When All Bitcoin Is Mined 👉 https:// youtu. be/ Iyy2-FUAFcU ~~~~~ - TIMESTAMPS - 0:00 Intro 2:01 Crypto Mining Explained 4:48 Bitcoin Mining Climate Claims 8:41 Bitcoin Mining Energy Use 10:55 Green Energy Bitcoin Mining 13:58 The Real Cause Of Climate Change? 16:54 Conclusion ~~~~~ ⛓️ 🔗 Useful Links 🔗 ⛓️ ► Bitcoin Mining Map: https:// cbeci. org/ mining_ map ► Full 2018 Article From Nature Climate Change Journal: https:// www. researchgate. net/ publication/ 328581842_ Bitcoin_ emissions_ alone_ could_ push_ global_ warming_ above_ 2C ► Bitcoin Mining Energy Consumption Estimate: https:// www. bbc. com/ news/ science-environment-56215787 ► Gold Mining Energy Use: https:// www. forbes. com/ sites/ lawrencewintermeyer/ 2021/ 03/ 10/ bitcoins-energy-consumption-is-a-highly-charged-debate--whos-right/? sh=16542fdc7e78 ► Square Report On Bitcoin Green Energy Mining: https:// assets. ctfassets. net/ 2d5q1td6cyxq/ 5mRjc9X5LTXFFihIlTt7QK/ e7bcba47217b60423a01a357e036105e/ BCEI_ White_ Paper. pdf ► 70%+ Of Bitcoin Miners Use Renewable Energy: https:// www. coinbase. com/ learn/ crypto-basics/ 7-biggest-bitcoin-myths ► Bitcoin Miners Reusing Heat Energy: https:// braiins. com/ blog/ green-innovation-in-bitcoin-mining-recycling-asic-heat ► Jeff Booth Discusses Inflation & Climate Change, How Bitcoin Fixes It: https:// youtu. be/ 0Q9_ -WDhpoQ ~~~~~ ⛏Crypto Mining Explained⛏ Proof of work is essentially meant to simulate real world resource mining in a digital way with complex equations, hence why cryptocurrency is ‘mined’ by specialized computers called ‘miners.’ There are over 1 million Bitcoin miners around the world, and that’s in addition to the millions of miners processing transactions for other proof of stake cryptocurrency networks like Ethereum and Litecoin. All this cryptocurrency mining is using a lot of energy and this has many people concerned about the effect cryptocurrency mining could be having on the climate. 🕵️♂Bitcoin Mining Climate Claims🕵️♂ Although concerns about crypto’s effect on the climate have been around since Bitcoin began back in 2009, it wasn’t until the 2017 crypto market boom that these concerns started to make the news. Many of the headlines we see today are almost identical to the ones we saw back then, and most of the statistics cited by today’s and yesterday’s crypto climate critics all come from a single source. This source is an academic article published in 2018 to nature’s climate change journal. It argues that emissions from Bitcoin mining alone could increase the global temperature by 2 degrees. When you consider Bitcoin’s comparatively small energy consumption on the global scale, the numbers from this article don’t add up. ⚡Bitcoin Mining Energy Use⚡ Nobody is actually sure how much energy Bitcoin mining uses. The University of Cambridge estimates it could be anywhere between 40 and 440 terawatts per year. For context, the Netherlands uses 121 terawatts of energy per year, Argentina uses 300 terawatts, and the United States uses a whopping 4000 terawatts. Bitcoin is not a country, it is a financial system, and when you compare apples to apples, cryptocurrency offers the most energy efficient financial system in the world. ☀Green Energy Bitcoin Mining☀ Cryptocurrency mining has accelerated the growth of green energy. This is because miners go to where power is the cheapest, because cheaper power means more profits. As it so happens, renewable energy sources like wind, solar, geothermal, and hydroelectric cost half as much as coal and natural gas. While the University of Cambridge estimates 40% of all Bitcoin miners use renewable energy, recent statistics suggest this figure could be as high as 70 percent. 👀The Real Cause Of Climate Change?👀 In his book ‘The Price of Tomorrow’, Jeff Booth argues that the common denominator in the world’s environmental woes is actually inflation. This is because inflation incentivizes spending over saving, which creates unnecessary consumption, waste, and energy usage. By contrast, Bitcoin is deflationary and incentives saving. ~~~~~ 📜 Disclaimer 📜 The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome. #Bitcoin #BTC #mining #climate #crypto * Show More 5:59 Why Bitcoin is so bad for the planet In a year, bitcoin uses around the same amount of electricity as the entire country of Nor... published: 25 Feb 2021 Play in Full Screen Why Bitcoin is so bad for the planet WHY BITCOIN IS SO BAD FOR THE PLANET * Report rights infringement * published: 25 Feb 2021 * views: 91781 In a year, bitcoin uses around the same amount of electricity as the entire country of Norway. The digital currency is one that allows people to bypass banks and traditional payment methods. It is the most prominent among thousands of so-called cryptocurrencies and has been repeatedly reaching new records - but is it sustainable? The Guardian's UK technology editor Alex Hern examines how exactly bitcoin uses electricity and if the environmental cost is too high What is bitcoin and why are so many people looking to buy it? ► https:// www. theguardian. com/ technology/ 2021/ jan/ 11/ what-bitcoin-why-many-people-buy-cryptocurrency-financial-regulator Cryptocurrencies rise in popularity in world's conflict zones ► https:// www. theguardian. com/ technology/ 2021/ feb/ 09/ rise-in-popularity-of-cryptocurrencies-in-worlds-conflict-zones The Guardian publishes independent journalism, made possible by supporters. Contribute to The Guardian today ► https:// bit. ly/ 3uhA7zg Website ► https:// www. theguardian. com Facebook ►https:// www. facebook. com/ theguardian Twitter ► https:// twitter. com/ guardian Instagram ► https://instagram/guardian * Show More 8:58 Why bitcoin uses so much energy | CNBC Explains In mid-May 2021, billionaire Elon Musk sent a tweet that crashed the cryptocurrency market... published: 16 Jun 2021 Play in Full Screen Why bitcoin uses so much energy | CNBC Explains WHY BITCOIN USES SO MUCH ENERGY | CNBC EXPLAINS * Report rights infringement * published: 16 Jun 2021 * views: 47429 In mid-May 2021, billionaire Elon Musk sent a tweet that crashed the cryptocurrency market. The Tesla CEO announced the electric vehicle company would no longer accept bitcoin for purchases due to its huge energy consumption. So why does crypto-mining use so much electricity, and is there a sustainable alternative? CNBC's Nessa Anwar is joined by Ryan Browne to explain. Contents of this video: 0:00 - Intro 0:34 - What makes crypto different? 1:19 - Why was crypto-mining introduced? 1:49 - How does crypto-mining work? 2:19 - The big problem with crypto-mining 3:23 - How much energy does Bitcoin use? 4:17 - Is it just Bitcoin with these issues? 4:35 - Bitcoin's biggest mining countries 5:04 - Bitcoin blackouts 5:20 - Governments hit back at miners 5:46 - The benefits of crypto 6:00 - Crypto vs online banking 6:55 - Ethereum's plan to lower energy use 7:40 - Is crypto-mining worth it? ----- Subscribe to us on YouTube: http:// cnb. cx/ 2wuoARM Subscribe to CNBC International TV on YouTube: https:// cnb. cx/ 2NGytpz Like our Facebook page: https:// www. facebook. com/ cnbcinternational Follow us on Instagram: https:// www. instagram. com/ cnbcinternational/ Follow us on Twitter: https:// twitter. com/ CNBCi * Show More 6:59 Bitcoin's Energy Consumption Bitcoin's energy consumption has stayed flat since mid 2018 (almost 3 years), despite huge... published: 25 Feb 2021 Play in Full Screen Bitcoin's Energy Consumption BITCOIN'S ENERGY CONSUMPTION * Report rights infringement * published: 25 Feb 2021 * views: 23600 Bitcoin's energy consumption has stayed flat since mid 2018 (almost 3 years), despite huge growth in users, and dollars moved on the network. Many skeptics point to the irony of Tesla buying Bitcoin (because of its focus on renewable energy), but fail to understand this. The monetary system requires energy. Yes, Bitcoin consumes a lot, but it's not more than we can handle, especially if the trend of rising average transaction values continues. What are your thoughts on this? Was it hypocritical for Tesla to buy Bitcoin? Are you happy they did? Become a #HyperChanger & support us on Patreon to receive the exclusive weekly HyperChange Newsletter!! https:// www. patreon. com/ hyperchange Bitcoin Energy Consumption: https:// digiconomist. net/ bitcoin-energy-consumption/ Bitcoin Average Transaction value: https:// bitinfocharts. com/ comparison/ transactionvalue-btc. html Bitcoin Daily Transactions: https:// hypercharts. co/ btc Bitcoin Music by Marko: https:// soundcloud. com/ markothedon & Fritz Carlton: https:// soundcloud. com/ fritzcarlton Disclaimer: This video is purely my opinion and should not be regarded as factual information. I am not a financial advisor. This is not a recommendation to buy or sell securities. Do not assume any facts and numbers in this video are accurate. Always do your own due diligence. As of 02/24/2020 HyperChange host (Galileo Russell) is invested in shares of Tesla (TSLA), Spotify (SPOT), Arcimoto (FUV), Snap (SNAP) and long the crypto currencies Bitcoin and Maker. Galileo is also an investor in SpaceFilche LLC, an SPV that owns SpaceX stock. * Show More 2:54 Bitcoin Energy Consumption: An Inside Look What’s the physical cost of a digital currency? The amount of energy that Bitcoin mining c... published: 20 Mar 2018 Play in Full Screen Bitcoin Energy Consumption: An Inside Look BITCOIN ENERGY CONSUMPTION: AN INSIDE LOOK * Report rights infringement * published: 20 Mar 2018 * views: 15139 What’s the physical cost of a digital currency? The amount of energy that Bitcoin mining consumes is about the same amount as some medium-sized countries – and that will only increase. Take a look behind the scenes of one Bitcoin mining operation that is optimizing its energy costs through the science of immersion cooling. This video is part of the 3M documentary series, Data Driven, exploring the future of sustainability and data. Watch “Data driven. Advancing a sustainable future.” Learn more about immersion cooling at 3m. com/ datadriven. * Show More 8:22 Bitcoin Power Problem - Computerphile Computations involved in mining Bitcoin are astronomical. Professor Phil Moriarty explains... published: 19 Jun 2018 Play in Full Screen Bitcoin Power Problem - Computerphile BITCOIN POWER PROBLEM - COMPUTERPHILE * Report rights infringement * published: 19 Jun 2018 * views: 109804 Computations involved in mining Bitcoin are astronomical. Professor Phil Moriarty explains how estimating the energy useage is a Fermi problem. The paper Phil refers to: http:// bit. ly/ C_ BTC-Energy Onion Routing (Tor): https:// youtu. be/ QRYzre4bf7I Bitcoin Mining in 4 minutes: https:// youtu. be/ wTC31ZI6QM4 https:// www. facebook. com/ computerphile https:// twitter. com/ computer_ phile This video was filmed and edited by Sean Riley. Computer Science at the University of Nottingham: https:// bit. ly/ nottscomputer Computerphile is a sister project to Brady Haran's Numberphile. More at http:// www. bradyharan. com * Show More 6:03 Michael Saylor & Max Keiser DESTROY Bitcoin Energy Consumption Criticism MicroStrategy CEO Michael Saylor & Max Keiser explain how the bitcoin energy consumption c... published: 17 Mar 2021 Play in Full Screen Michael Saylor & Max Keiser DESTROY Bitcoin Energy Consumption Criticism MICHAEL SAYLOR & MAX KEISER DESTROY BITCOIN ENERGY CONSUMPTION CRITICISM * Report rights infringement * published: 17 Mar 2021 * views: 61030 MicroStrategy CEO Michael Saylor & Max Keiser explain how the bitcoin energy consumption criticisms on the news are not valid. 0:00 - Michael Saylor 2:26 - Max Keiser Original Interviews: Michael Saylor: https:// youtu. be/ nPt51vxTUFM Max Keiser: https:// youtu. be/ Q9z9ZqZXZ4g Swan Bitcoin is the best way to accumulate Bitcoin with automatic recurring buys and instant buys from $10 to $10 million. Get started in just 5 minutes. Your first $10 purchase is on us: swanbitcoin. com/ yt Connect with Swan on social media: Twitter: https:// twitter. com/ SwanBitcoin Telegram: https:// t. me/ swansignal LinkedIn: https:// www. linkedin. com/ company/ swanbitcoin #bitcoin #bitcoinnews #MichaelSaylor * Show More 12:21 Why Bitcoin uses so much energy The energy demand of Bitcoin (BTC) and other cryptocurrencies is rising every day, and tha... published: 26 Jan 2021 Play in Full Screen Why Bitcoin uses so much energy WHY BITCOIN USES SO MUCH ENERGY * Report rights infringement * published: 26 Jan 2021 * views: 6585 The energy demand of Bitcoin (BTC) and other cryptocurrencies is rising every day, and that's no accident. The special algorithm Bitcoin uses requires computers to compete for validation rewards, or mining. As the network grows, so does the energy usage and potential carbon footprint. Is there a way to curtail this impending crisis? Is the environmental footprint accurately measured? Let's explore how the Bitcoin blockchain actually works and why it's growth is a growing concern for our climate. Timeline: 0:00 start/intro 1:11 What is Bitcoin? 2:25 What is a blockchain? 5:52 What is "proof-of-work"? 7:16 The cost and benefits of Bitcoin mining 8:51 Global Bitcoin energy estimates 10:14 Conclusions/Summary References: Bitcoin basics: https:// www. investopedia. com/ tech/ how-does-bitcoin-mining-work/ Bitpanda Academy: https:// www. bitpanda. com/ academy/ en/ lessons/ how-does-a-blockchain-work/ Energy estimates: https:// bitcoinmagazine. com/ articles/ introducing-cbei-a-new-way-to-measure-bitcoin-network-electrical-consumption CBEI: https:// cbeci. org/ Digiconomist: https:// digiconomist. net/ bitcoin-energy-consumption Banks vs Bitcoin: https:// medium. com/@ zodhyatech/ which-consumes-more-power-banks-or-bitcoins-8302750fe2bc ASIC wiki: https:// en. bitcoin. it/ wiki/ ASIC#: ~:text=An%20application-specific%20integrated%20circuit%20%28abbreviated%20as%20ASIC%29%20is,step%20of%20development%20after%20CPUs%2C%20GPUs%20and%20FPGAs mining calculator: https:// www. cryptocompare. com/ mining/ calculator/ btc? HashingPower=15& HashingUnit=TH%2Fs& PowerConsumption=0& CostPerkWh=0& MiningPoolFee=1 Other helpful videos on this topic: TEDx: How can we sustainability power a cryptocurrency future? https:// www. youtube. com/ watch? v=hukR1LysU2Y Anton Petrov: https:// www. youtube. com/ watch? v=meXWKQkQMXI ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Thank you for watching! Consider SUBSCRIBING for more sustainability on a budget! https:// www. youtube. com/ channel/ UCo1OX92U5fv-qks872wq29g? sub_ confirmation=1 * Show More 6:16 Bitcoin's Impact on the Environment Feb.09 -- Tesla’s $1.5 billion bitcoin purchase this week sent the cryptocurrency soaring ... published: 11 Feb 2021 Play in Full Screen Bitcoin's Impact on the Environment BITCOIN'S IMPACT ON THE ENVIRONMENT * Report rights infringement * published: 11 Feb 2021 * views: 20107 Feb.09 -- Tesla’s $1.5 billion bitcoin purchase this week sent the cryptocurrency soaring to a record. Nic Carter, founding partner at Castle Island Ventures, speaks with Bloomberg's Caroline Hyde, Romaine Bostick and Joe Weisenthal on "What'd You Miss?" about mining bitcoins and its effect on the environment. * Show More ENERGY (JOURNAL) Energy is a peer-reviewed academic journal covering research on energy engineering that was established in 1976. It is published by Elsevier and the editor-in-chief is Henrik Lund (Aalborg University). According to the Journal Citation Reports, the journal has a 2013 impact factor of 4.159, ranking it 13th out of 83 journals in the category "Energy & Fuels" and second out of 55 journals in "Thermodynamics". REFERENCES EXTERNAL LINKS Official website ISSN 0360-5442 Read more This page contains text from Wikipedia, the Free Encyclopedia - https://wn.com/Energy_(journal) RELATED SITES * wnenergy.com * saudienergy.com * worldenergytoday.com * energymarine.com * motherearthenergy.com * unlimitedfreeenergy.org * freeenergynews.net * wnenergy.net * alternativeenergysector.com * radiantsolarenergy.com * greenenergygroupe.com * nowastedenergy.com * usenergysecretary.net * freeenergyinventor.com * deptofenergy.net * selfhelpenergy.com * energyfrance.org * vacationenergy.net * torussolarenergy.com * highenergyray.com <li class="playlistitemli thumbnail"> <a class="playlistitem" id="<%= id %>"> <div class="thumb"> <div class="clip"> <div class="thumb_play"></div> <img alt="<%= title %>" src="<%= thumbnailUrl %>" /> <div class="duration opacity"><%= durationStr %></div> </div> </div> <div class="video-title"><%= title %></div> </a> <span class="playlistitemremove TTip"><span>remove from playlist</span><i class="fa fa-trash" aria-hidden="true"></i></span> <a class="share-popup TTip" title="<%= title %>" onclick="return share_popup(this, this.title)" href="javascript: void(0);"><span>share this video</span><i class="fa fa-share" aria-hidden="true"></i></a> <div class="buttons"></div> <span class="description-content" style="display:none;"><%= tooltipContentBody %></span> </li> <li class="playlistitemli list"><div class="item"> <a class="playlistitem ellipsis" id="<%= id %>" href="javascript:void(0);"> <span class="title"><%= title %></span>...</a> <span class="playlistitemremove TTip" title="remove from playlist"></span> <a class="share-popup TTip" title="<%= title %>" onclick="return share_popup(this, this.title)" href="javascript: void(0);"><span><i></i>share</span></a> <span class="duration"><%= durationStr %></span> <span class="description-content" style="display:none;"><%= tooltipContentBody %></span> </div></li> INSIDE BITCOIN'S ENERGY CONSUMPTION PROBLEM... INSIDE THE LARGEST BITCOIN MINE IN THE U.S. | WIRE... HOW CAN WE SUSTAINABLY POWER A CRYPTOCURRENCY FUTU... FACT CHECK: BITCOIN MINING IS BAD FOR THE CLIMATE!... WHY BITCOIN IS SO BAD FOR THE PLANET... WHY BITCOIN USES SO MUCH ENERGY | CNBC EXPLAINS... BITCOIN'S ENERGY CONSUMPTION... BITCOIN ENERGY CONSUMPTION: AN INSIDE LOOK... BITCOIN POWER PROBLEM - COMPUTERPHILE... MICHAEL SAYLOR & MAX KEISER DESTROY BITCOIN ENERGY... WHY BITCOIN USES SO MUCH ENERGY... BITCOIN'S IMPACT ON THE ENVIRONMENT... 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