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The Crypto Ethic’s Tansy and Anja (who both have professional histories in the environmental sector) tackle this question head on and chat about one of the biggest attacks on Bitcoin - its' high energy usage.
We discuss the 'sustainability' criteria which Bitcoin is being held to, the innovative means by which miners are seeking cheap, renewable or wasted energy and why bitcoin ultimately uses the energy that it does (proof of work) - and why thats important to the security of the network.
Like and subscribe to our channel to stay up-to-date with our videos. Videos are released every week!
If you want to develop a powerful understanding of the bitcoin space and learn to redefine your relationship to money consider joining our next intensive 3 month program: https://www.thecryptoethic.com/the-program
Check out our website: https://www.thecryptoethic.com/
Time Stamps
00:00:00 - Anja's initial worries
00:02:05 - Tansy's initial worries
00:04:57 - Why is bitcoin being persecuted?
00:08:54 - Smart electricity sourcing
00:13:54 - Bitcoin is investing in energy-innovation
00:18:43 - Bitcoin is helping the energy debate
00:10:00 - Why does bitcoin use so much electricity?
The Crypto Ethic’s Tansy and Anja (who both have professional histories in the environmental sector) tackle this question head on and chat about one of the biggest attacks on Bitcoin - its' high energy usage.
We discuss the 'sustainability' criteria which Bitcoin is being held to, the innovative means by which miners are seeking cheap, renewable or wasted energy and why bitcoin ultimately uses the energy that it does (proof of work) - and why thats important to the security of the network.
Like and subscribe to our channel to stay up-to-date with our videos. Videos are released every week!
If you want to develop a powerful understanding of the bitcoin space and learn to redefine your relationship to money consider joining our next intensive 3 month program: https://www.thecryptoethic.com/the-program
Check out our website: https://www.thecryptoethic.com/
Time Stamps
00:00:00 - Anja's initial worries
00:02:05 - Tansy's initial worries
00:04:57 - Why is bitcoin being persecuted?
00:08:54 - Smart electricity sourcing
00:13:54 - Bitcoin is investing in energy-innovation
00:18:43 - Bitcoin is helping the energy debate
00:10:00 - Why does bitcoin use so much electricity?