Bitcoin uses as much energy as a small country to secure the blockchain. Is crypto mining strengthening America’s power grid and hastening the transition to renewables, or propping up the ailing fossil fuel industry while making the climate crisis worse? It depends on who you ask.
Follow correspondent Alice Hines to Texas, which is quickly becoming a global Bitcoin mining hotspot, followed by a panel discussion on whether Bitcoin lives up to the promises of its biggest supporters or reflects the fears of its strongest environmental critics.
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21 Comments
it doesn't matter whether or not there is a central authority overseeing btc, it's still only worth how much regular currency or commodities regulated by those currencies you can trade it for. people are super silly thinking that btc is some kind of revolutionary tool.
26min later and nobody has explained how bitcoin is mined
Call it a C02 coin then lol
Your paying for hard money… can't make anymore.
Paying for security
https://youtu.be/oFhlLuXin0I
Last year I sold a substantial proportion of my stock portfolio and also sold some real estate so I could diversify into crypto
Yahh need to do more homework. Proof of work is the price you pay for security. PoS is trash
Human stupidity colorized, circa 2022
Miners don't keep the coins. They usually sell them. To people that use them. Then people have nodes.
China Baning Mining did nothing to slow the network down
I admit,I know nada about Bitcoin shite,but,it doesn't sound " sound" or natural.it will bite us in the ass someday?
Sheesh you guys just don't understand how it works
The worst VICE video I have ever seen.
As a studying computer scientist @ ASU – this is absolutely faux information. Every miner is not "throwing away" their energy. All the miners make up the cryptographic security which is why YOU can't hack a cryptographic hash function. Please learn computer science and reduce spreading falsehoods. EVERY miner gets paid for securing the network – one wins the block reward at the end, repeat.
<Always good to hear your thoughtful and logical analysis. BTC remains the future in the digital space. We will still get our pumps and dumps but based purely on what the Fed are doing. That being said, as traders we are still making good money so therefore i dont care about Bullish or bearish market.❤Thanks to Feven Lena for her amazing signals which helped me earn 9 Btc through daily trading chart. Great TA as always>🙌🏻❤💕
Its literally the money of the people where governments can control it. Bitcoin does scale. You guys should have had an actual bitcoin expert on
$Erg. POW.
Crypto is the biggest scam of all time !
Bitcoin is the best incentive to find cheap energy. cheap energy is renewable and green!
Despite suffering severe sell-off in the face of uncertainties in the macro landscape, BTC ebbing tide seems to be subsiding with key metrics suggesting the cryptocurrency is poised to come ahead. Ark invest recently pointed out the 200 weekly moving average, a key indicator that is signaling BTC could soon reclaim its lost glory. I buy and just trade long term more than ever, I have made over 9.5` btc from trading with Carolyn Halles Crypto in few weeks this is one of the best medium to backup your assets incase it goes bearish.
Ouch, Vice captured.
Yeah crypto mining is the real willian!! Why dont you make a video on the fuel consumed by the armies of this world along with air travel fuel consumption etc??
lol these guys havent even heard about the lightning network 🤣😂🤣😂