𝐆𝐄𝐓 𝐓𝐇𝐄 𝐁𝐈𝐓𝐂𝐎𝐈𝐍 𝐂𝐎𝐔𝐑𝐒𝐄➜➜➜
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In this video, I discuss two ways in which Bitcoin miners can help to prevent the unnecessary venting or flaring of natural gas and landfill methane gas.
In these and many other ways, Bitcoin mining and the proof of work consensus mechanism serve other useful purposes besides securing value globally in a neutral and decentralized manner-- beyond the control of central bankers and politicians.
Bitcoin miners often use stranded or otherwise unused energy. Bitcoin miners are incentivized to seek out the cheapest energy available, which many times ends up being renewable energy or energy that would otherwise be wasted.
No other industry is as portable or flexible as Bitcoin mining.
Those who decry its energy usage have no problems with energy being used to power clothes dryers, server farms, the US banking system, or global warfare.
Not investment advice! Consult a financial advisor.
Bitcoin energy usage predictions are always terrible:
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Bitcoin energy usage:
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Bitcoin consumes more electricity than Sweden and Ukraine:
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US clothes dryers energy usage:
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Associated petroleum gas:
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Routine flaring:
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Great American Mining:
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Landfills and methane emissions:
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Vespene Energy:
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I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.
My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.
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Neither Trader University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video or at www.Trader.University (henceforth, “the Site”) should be construed as such by you. This video and the Site should be used as educational tools only and are not replacements for professional investment advice. There is a high risk in trading.
