Due to Bitcoin, the biggest industrial photo voltaic panel and battery farm on the planet is being inbuilt Texas after a partnership with Tesla and a bunch of Bitcoin mining corporations like Blockstream and Block..
The Navajo nation now has a photo voltaic farm and battery storage facility offering lots of of recent jobs for them and rising, all because of their Bitcoin mining operations.
Bitcoin mining thrives on low cost electrical energy, and there’s no cheaper electrical energy than that which is supplied by the solar without spending a dime, harnessed by way of photo voltaic panels and saved in batteries for later consumption till the solar rises once more the following day to begin the cost and utilization cycle once more.
An ideal clear circle of power technology and storage, and the one ones incentivized to take a position and develop it to the extent wanted are these whose companies thrive on the bottom value supply of electrical energy, a free supply of electrical energy that permits them to HODL probably the most finite asset in existence that they mine with that free electrical energy, to expertise the long run worth appreciation of that asset they mine; Bitcoin miners.
I’m additionally an environmentalist, and that’s the greatest cause I grew to become a Bitcoin miner. It was the one possible technique to put money into inexperienced power formation and storage know-how and make it worthwhile sufficient to give you the chance and proceed to develop extra photo voltaic and battery farms
Due to Bitcoin, we would even have sufficient photo voltaic, wind, and battery farms someday to rid ourselves of the soiled power manufacturing corporations.
The irony that so known as environmentalist as we speak bash Bitcoin, whereas it does extra to create the infrastructure we would have liked to realize 100% inexperienced power manufacturing and storage someday than another business, is astounding
Extra hyperlinks for individuals who want to confirm this themselves, because of u/simplelifestyle . As we are saying on this house, don’t belief, confirm:
https://www.cnbc.com/video/2021/05/13/elon-musk-bitcoin-reversal-climate-change.html
https://www.youtube.com/watch?v=Z3wFYxNItKQ
https://finance.yahoo.com/information/study-over-74-bitcoin-mining-180300738.html
https://moneyweek.com/investments/alternative-finance/bitcoin/602678/bitcoin-energy-consumption
https://hbr.org/2021/05/how-much-energy-does-bitcoin-actually-consume
https://uk.sports activities.yahoo.com/information/bitcoin-mining-actually-uses-less-210837605.html
https://medium.datadriveninvestor.com/lightning-is-3-7-million-times-more-efficient-than-visa-87065d13eea9
https://www.dailystockmarketnews.in/2021/05/study-shows-banks-cause-more-pollution.html?m=1
https://np.reddit.com/r/Bitcoin/feedback/nl0gky/bitcoin_miners_are_escaping_china_and_it_might_be/
https://endthefud.org/
https://price.org/articles/bitcoin-uses-half-the-energy-of-the-banking-system-new-paper/
https://bitcoinmagazine.com/tradition/bitcoin-vs-world-military-emissions
https://www.inbitcoinwetrust.internet/bitcoin-and-the-renewable-energy-debate-in-mining-the-great-hypocrisy-5b07cf6f7ba3
