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
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24 Comments
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
and the servers from the banks are not using electricity or what
Wrong. Bitcoin helps the planet by using wasted energy, and more importantly is an incentive to generate massive amounts of green energy all around the world. This narrative your pushing is coming from the banking industry. But eventually Bitcoin will overtake the central banks because it's a superior asset and in the process will create lots of clean energy.
I still see cryptocurrency as one of the best digital investment and i totally love the technology when it comes to the largest crypto asset Bitcoin As a trader, i have been able to understand that there are two sides when it comes to crypto and everyone has their opinions when it comes to choosing sides, though i am not kicking against Hodl, but i see it as an old and odd strategy to make profit of the market as when the market goes bearish investors/traders loses their investment which is always painful, when you can take advantage of the market by involving in day trading or copying trade alert from a professional trader that understand the market and use strategy to generate signals daily to make profit to grow your portfolio. i started with 2.5 BTC and i have accumulated over 11.6 BTC in just three weeks, with the trading strategy given to me by expert trader Alex Gomez..
It is clear BTC has proved it's use case during this uncertain times. We need more experts like Mr Ryan Donald, who educate people on the evolution of the market so
people avoid common mistakes. so they don’t walk out of the market feeling frustrated! Keep up the great work! Raised over 24.6 BTC when I started at 2.3 BTC in just few
weeks implementing Ryan Donald daily trading signals and tips.
Great Video!
Banks are bad for the environment too , what a shady news corp to get ur information of
At 0:55 you say, "… a completely useless calculation. The only reason why you're doing this calculation …" If the calculation is proving something, how can it be useless?
The world needs another world war to return everything back to normal
Bro playing fortnite
Harness the energy from Volcano; it's the best way to mine BTC.
Very much needed content
I'm actually amazed that it managed to fool a lot of people into thinking that it's the future currency. I doubt we will ever have a future, except for those billionaires who can just simply fly their way into Mars. xD!
I have incurred so much losses trading on my own..I trade well on demo. But I think the real market is manipulated. Can anyone help me out or at least tell me what I'm doing wrong
Thanks so much for the explanation! Gave clear understanding!👍
Stop Crypto Now.
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The Guardian…of banks.
Can't we use the processing for sometime useful rather than just solving a useless problem..
Proof of work will green the planet.
What a lie.
From the beginnig about "carbon tail" that's not doing anything in scale of planet in the real world, till the end.
As expected from the Guardian, who do not want to use their brain to check facts of course.
<The biggest global markets are money and real estate. Not art or financial services or tech platforms. I happily leave those to others. Analysts that are unfamiliar with digital assets; specifically the bitcoin network, are probably missing out. It's a huge space. I'm bullish with a 5-10 year view. To be consistently profitable, algomodels will have to be re-trained periodically and constantly to find new patterns. That becomes an impossible task for old-school traders who are still trying to find patterns manually. Algorithm is the only way to go ! Prior to meeting BERNIE DORAN, I've suffered a series of trading losses. His Signal strategies have been extremely profitable for my crypto trading as I've watched my portfolio grow from 0.05 btc to 1,05 btc, reach out to him through the above informations for more inquiries.
You guys should do your homework before fudding the people. BTC is 60% renewable energy and the rest is excess energy. I could go on for 10 minutes on what was all wrong in this video. Low quality content.
Last city that I drove through I counted at least 10 skyscrapers owned and ran by different banks. Thousands of offices require thousands of employees, thousands of employees require thousands of cars. That was just ONE city… out of thousands. Don't give me the Bitcoin energy crisis argument.