Detractors of Bitcoin will commonly cite the energy consumption of bitcoin mining as a knock against it, here are a couple recent examples:
Coal, oil and natural gas get a bad rap due to the carbon emitted during combustion, but these wonderful resources add a enormous amount of value to society that far exceed the costs of pollution.
In the following I argue why our environmental conservation efforts could be more effectively deployed by helping fossil fuel producers become more efficient. …
What happens when all the bitcoins are mined?
Well, what happens when it stops raining?
An ocean full of life.
The heat of the sun’s magnificence shines down, bringing warmth and hope.
Grateful for the glow, the ocean pays its respects and upon it new clouds are born.
The clouds drift inland, raining upon the mountains who toil day and night.
Thirst quenched, the mountains bestow upon the earth flowing rivers.
The rivers wind, snaking their way across the land until they join the ocean.
Replenished with new sediment, ocean life is renewed.
The Coin Cycle is complete.
Note to the reader: I write this essay as someone who is in a significant position to benefit from carbon credits and the carbon tax penalties in general. I am the owner of Upstream Data Inc — a business that deploys technology to reduce methane emissions in oilfield. Our technology reduces massive volumes of GHG emissions and we have sparked a rapidly growing industry around this tech. The carbon tax is a huge incentive for our customers to buy our products and thus benefits our business greatly. However, I refuse to sit silent and abide such fraudulent destruction to the…
Today the wife and I went on a gorgeous hike in beautiful Hawaiian island of Maui to check out some of the worlds finest Fiat Art known as ‘Wind Turbines’
Check out my thoughts below in this three-part exclusive shitpost :P
I do highly recommend you hike this trail if you visit Maui.
Thanks for watching!
A bitcoin mine can be deployed to monetize electricity wherever it is generated and thus yields increased energy utilization efficiency for all energy sectors.
In recent years a lot of excitement has been generated over the potential to use bitcoin mining as a way to improve the capacity factor of intermittent energy sources by reducing associated curtailment that is inherent to intermittent sources such as wind and solar.
While I am keen to see how bitcoin mining plays out within the intermittent energy industry, I am personally far more interested in understanding how bitcoin mining can improve the application of…
There is no greater quantity of stranded and wasted energy in the world than there is in oilfield.
Some quick facts:
Foreword: As with freedom and oppression, Bitcoin and State money may exist in a perpetual tug of war between ideals. Where State money relies on compulsory participation, Bitcoin offers completely voluntary entry and exit and thus represents the antithesis of State money. In this essay I will explore the mechanisms in which Bitcoin may resist State attack.
· The term ‘Bitcoin’ with a capital ‘B’ refers to the Bitcoin network or economy, while the term ‘bitcoin’ refers to the unit of money.
· Please refer to the definitions section at the end for clarifications
Bitcoin’s ability to resist censorship has…