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Crypto mining has been getting a lot of negative press over the past few months. New FUD has regarding crypto energy use has entered the mainstream now that institutional players are getting more vocal with their criticisms. You’ve seen the headlines and billionaire Twitter arguments and they all center around one thing: Proof of Work mining; specifically Bitcoin mining. The concern is that crypto mining is using an outsized amount of electricity and contributing to climate change.
In this video, we break down the data and take a hard look at the facts of the Bitcoin network and its environmental impact. Stick around to the end of the video to get my take on what the sustainable future of Bitcoin will look like.
1:34 Common Terms in Crypto
3:16 Power Consumption
4:04 Elon Musk FUD
5:49 BTC vs Other Financial Sectors
7:03 Green Energy Solutions
8:19 Future of Bitcoin
9:06 Proof of Stake
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All of our videos are strictly personal opinions. Please make sure to do your own research. Never take one person's opinion for financial guidance. There are multiple strategies and not all strategies fit all people. Our videos ARE NOT financial advice.