In this video, we discuss whether ₿itcoin mining wastes energy.
I conclude that ₿itcoin mining does not waste energy, for two primary reasons:
1) ₿itcoin mining rigs are incredibly energy efficient, and continue to get more energy efficient over time;
2) ₿itcoin mining is a worthy use of energy, because ₿itcoin provides a unique form of neutral and ethical money that cannot be captured, controlled, debased, or censored.
Appointing an "energy czar" to tell everyone what is and is not a good use of energy is a slippery slope, and probably not very market efficient.
₿itcoin is money that:
1) Cannot be debased.
2) Cannot be censored.
I think that's at least as good a use of energy as Christmas lights
SHA-256 hash calculator:
https://xorbin.com/tools/sha256-hash-calculator
J/Th efficiency over time for Bitcoin mining rigs:
https://bitcoinminingcouncil.com/wp-content/uploads/2023/01/BMC-Q4-2022-Presentation.pdf
Private jet emissions quadrupled during Davos 2022:
https://www.theguardian.com/environment/2023/jan/13/private-jet-emissions-quadrupled-davos-2022
Bitcoin Mining Uses Less Energy Than Christmas Lights:
https://mawsoninc.com/bitcoin-mining-uses-less-energy-than-christmas-lights/
Declining purchasing power of USD over time:
https://www.visualcapitalist.com/wp-content/uploads/2021/03/Purchasing-Power-of-the-U.S.-Dollar.jpg
Nigerian Army Killed Unarmed Protesters:
https://www.nytimes.com/2021/11/16/world/africa/nigeria-protest-report-massacare.html
Nigeria's central bank freezes accounts of police brutality protesters:
https://www.reuters.com/article/nigeria-protests-banking/nigerias-central-bank-freezes-accounts-of-police-brutality-protesters-idUSL4N2HT06D
Original Video by Trader University: https://www.youtube.com/watch?v=1KmnXsoSHJc
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₿itcoin (BTC):
bc1q63xshh2c2u4tvc6jksl5crlhtp554qu0l4nn8j
₿itcoin Cash (BCH):
qqms8t79e6rk5z5djad360d38y9kkqnh7yfpxkkuy5
₿itcoin SV (BSV):
1F6oH8qkMjswViJSwq965gRivE3DqKuJKC
Litecoin (LTC):
LgxrUdjUxnmFGLtsAbh76C3aAm3dXAGDFV
Dogecoin (DOGE):
DGn5bkC9WM1E2oM79HWiYoVxE3rHuEGkoS
Ethereum Classic (ETC):
0xC03AEe5333D50a20810e1A7585D9BB3f77E0B773
Ethereum (ETH):
0x27d5493Ac22D56B68cF36F5f77594BDC8e6FAc5E
Shiba Inu (SHIB):
0x27d5493Ac22D56B68cF36F5f77594BDC8e6FAc5E
Chainlink (LINK):
0x27d5493Ac22D56B68cF36F5f77594BDC8e6FAc5E
Polygon (MATIC):
0x27d5493Ac22D56B68cF36F5f77594BDC8e6FAc5E
Ripple (XRP):
rwvGofsMZQMyqro9YPe7swpo6C6Kagpg2e
VeChain (VET):
0x6410f2e05fEF8169bd1A6935884B9D4D56D9017b
