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

Why Trading Forex in a Mini Account Is Safer

Foreign exchange trading can be a really dangerous enviroment if you do not know what you are doing. Comprehending a few of the basic ideas of the various account kinds can conserve you a great deal of cash as well as tension. Below I assist the beginner in recognizing these ideas in a relative way.

CFD Trading: To Trend or Countertrend?

Among one of the most essential selections if you are trading rate movements technically is whether to try to comply with the trend or to respond to the trend. This article offers a fundamental introduction to these 2 ideas. With classic pattern adhering to the trader tries to exploit large cost activities over considerable time-frames, normally throughout of numerous months.

Are Binary Options Signals Necessary for Profitable Trades?

Binary Options Trading Signals are becoming extra preferred day by day. What are they? How do they work? Additionally with a large range of providers which one should you option? We attempt to address a few of these important concerns.

Why More Than 30% of Investors Use Alert Forex Trading

Alert foreign exchange trading describes utilizing as well as depending on a mathematical logical software to search the forex market seeking high probability and also trusted trading chances. The program then sends you the corresponding choices to make sure that you can really go in advance and also shoot on them on your own. More than one third of all capitalists of the money exchange are presently utilizing this software to understand better trading in this market for 3 reasons.

The Forex Trading Robot Helps in Trading on the Forex Market

Guy has over the last years remained in a race to save himself from doing much manual labor; instead, the leg work is typically assigned to some machine that has actually been configured to react to particular guidelines as well as commands. Like most of the other sectors, the forex market has actually also followed this pattern and also presented the forex trading robotic. The forex robot or the money trading robot is a software application that has actually been made utilizing extremely complex algorithms to assist traders on the foreign exchange market.

You May Also Like