I mean she is not wrong ultimately the profit goes to the company Greenidge Generation want to be listed on wall street. Common people can benefit from scarcity of bitcoin. In that way mining bitcoin reduces its cost. No one otherthan the owners have the benefit. There is 21 mil cap which will take a century to complete I will not be surprised if bitcoin is forced to reduce the cap to end mining and just keep the transaction validation reward going.
The plant is owned by a private equity firm, that's the most Wallstreetesque type of investment (only rich people can afford it, and only few), so "only few people from Wallstreet benefit" is pretty much true if you see Wallstreet as a concept instead of location like it often is now
@@tomlxyz Anyone can own crypto no matter how little or how much. It is giving the less fortunate a proper chance. It is giving control over your money back to you independent from any government.
You are an absolute moron… the BC mined there will only benefit a few people, most likely from Wall Street because no one else has enough money to start an operation like that
@@arwo1143 he is not, I believe you do not see the bigger picture. anyone who contributes to the network whether it’s mining, nodes or transacting has a positive effect on everyone who uses the network. And bitcoin has a positive effect on those who use it.
The plant benefits a private equity firm, so she's right. Not talking about Bitcoin, but you need to feel attacked at any criticism related to Bitcoin even if it's not Bitcoin itself
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@@Digarch5061 100% - I wonder what the sum total of every bricks and mortar banking building in the work draws in power. Computers, lights A/C, heating and 100,000's of people driving to and from that place of work each day. Bitcoin is clearly a fraction of that global footprint.
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@@buubbleblue9298 yeah no. Not anymore. The only coin Elon can control now is his Shitcoin. And even his Shitcoin isn’t being greatly affected by his tweets anymore.
lol, wow lol. wait till they get hshing going on a quantum co puter and the entire block chain is hashed in an instant. well all cryptography will suffer on that day, but just imagine the infrasture build around bit coin, wo it all evaporates instantly. im no fn of made up waelth be it stocks, dollars, gold, or a block chain. but something serious has got to happen for gold just to turn into thin air
@@gilbertsenyonjo963 well, I ment to reinforce what Zviad (the guy aboce you) was saying: that saying that this only benefits people on wallstreet is ignorance, and I agree because, even though this mining operation might be owned only by people in wallstreet, its still necessary to exist for the hole chain to work otherwise transactions cant be validated for anyone in the blockchain without people minting coins! So its benefiting all of us using the currency.
Why didn't he ask 'how is the plant carbon neutral?' Is it because the answer would shift the narrative in the opposite direction to what they are trying to portray?
State run media apparati hate non fiat money. It scares them. They will do anything they can to fuck over crypto and undermine confidence, including shilling their stupid fiat system that uses 100x more power.
the amount of people crying about the usage of a small percentage of carbon used by proof of work network protocols clearly do not understand that it is so small relative to the current monetary system which actually uses more energy to keep itself upright while still depreciating in value every year.
Crypto are not real currency; people only use them with the expectation of selling at a higher value for cash, not really to store value. The whole thing is speculative garbage, even worse than the stock market, which is also a joke but at least involves actual companies. This is gambling with Monopoly money.
What a terribly naive piece, representing one point of view only. Laughably nodding vigorously when that point of view is put forward, and attacking aggressively when alternative views are put forward. Terribly biased editing. Bad journalism.
@@DarkShroom I love Btc and the idea of mining using renewables. I work in solar energy myself. But just can’t stand the shit bbc reporting making it sound like btc uses too much energy.
@@magnus_jaya normally I wouldn't bother saying anything, but you seem reasonable. Even if BTC was 100% powered by renewables, there's still an opportunity-cost to using that energy for what is an incredibly inefficient system. Indeed, solar panels and wind turbines themselves are not Carbon neutral and have an incomplete waste stream (we generally just let a lot of the waste sit in open-air tailings lakes) and replacing ASICs every few years isn't Carbon neutral or sustainable either - my point being, there is more than just the problem of making the electricity greener. For every renewable-Watt that's used by the BTC network, something else more useful/efficient can't use that Watt, and we have to generate it another way. So given all that, why not support Proof of Stake coins instead? I mined BTC from 2013-2017 but then Proof of Stake coins started appearing and I stopped mining to reduce my Carbon and resources footprint. Nowadays I run a stake pool on a handful of Raspberry Pis. I know there used to be a massive trade-off in that you had to pretty much abandon decentralisation if you wanted lower energy usage from crypto networks, but that's just not true anymore. Anyway I wondered what your thoughts were on all that. P.S. I agree about the terrible journalism, and as a former employee of the BBC I would never watch its news output for anything but the most basic information on a given topic!
@@banksarenotyourfriends I do also support proof for f stake, but I’m quite happy both are being perused and developed as we may find other issues such as scaling further down the line. My hope is that btc can be mined at locations where the energy would otherwise be redundant, in isolated areas where the cost of distribution may be too high for a traditional solar plant. Michael Saylor calls it stranded energy. It actually could be an incredible way to monetize solar plants in areas which would otherwise be completely useless(middle of desert for example). This isn’t a solution for home mining exactly for the reasons you outlined.
@@magnus_jayathanks for your reply. I'm hopeful for the same things, just pessimistic about any of it actually happening when I remember how long it took for the BTC network to adopt Segwit (and that shouldn't really have been contentious at all, more contentious forks will no doubt take longer) It's funny you mention 'stranded energy', my view is that one of the better ways we could be using Proof of Work, is as an energy dump for surplus energy produced by Renewables - as in; don't turn off wind farms on windy nights when we have nowhere to store the power, but dump it locally into shipping containers full of ASICs to help pay for the wind farm quicker. In a home installation the surplus energy could go to the miner instead of dumping surplus power into an immersion heater or whatever. Beyond that, I kind of struggle to convince myself that PoW has got a positive future ahead for humanity (and it still doesn't get around the electronics waste problem). It would be interesting to see the pros and cons of this sort of idea, versus building grid-scale batteries. Thanks again for your reply. All the best.
People are starving because for the past 30 odd years the financial system is robbing them in favour of the elites. Nothing to do with Bitcoin. Bitcoin actually addresses the problem however the mainstream media is not interested in reporting the real issues because they are all in it together
True but dont forget gold has actual real world use in electronics etc while btc is just a currency. What many often tend to miss is more how much energy does it take to print fiat money and run the bank servers and employees and all the buildings security etc which is globally still more than how much energy crypto consumes, which has its own security built in, you don't need paid guards cameras armored trucks to transport it, you cannot steal it and it is being run completely decentralised globally. Bitcoin mines are going against the whole point of decentralisation though.
This report is intentionally misleading... More than 50% of bitcoin mining uses sustainable sources and its actually encouraging greater uptake of renewable energy usage. Easy to prove this data is correct 😊
We don't need traditional banks now we have cryptocurrencies and decentralized finance systems. We could shut down the big banks and save a lot of fossil fuels by doing so. Traditional banks have caused so much unessacary damage with their inificient fractional reserve debt based systems. You have to remember traditional banks don't actually create anything good for society they just profit from you being in debt.
"To benefit a few people on Wall Street". Nope. "To benefit anyone whose wealth has been confiscated, whose transactions have been censored, whose value is being inflated away". More like it.
1:45 carbon neutrality with a gas plant or in other words: we make enough money to buy all the CO2 credits we need. Why is everything about cryptocurrency such a scam...
Crypto gives people the ability to own their currency for once. It's the possibility of moving away from governments and regulation to freedom. Don't look at is as a means for rich to make money, look at it as a way for you to own your freedom.
For bitcoin to reach 500K people must be willing to trade bitcoins when it hits 100k, 200k, 300k, 400k. Value does not increase just like that. Most people could have had afforded to trade bitcoins when it hit 8k, many are able to trade bitcoins at 25k, but I doubt people would be able to trade bitcoins when it hits 100k. You may stack 1 million bitcoins in your wallet but the value of those bitcoins will depend on the number of people willing to buy them at the present price. You can make money on Bitcoins only if somebody buys bitcoins from you. You aren't rich while stockpiling bitcoins in your wallet. This is where crypto currencies differ from the legal tenders. You can keep legal tenders in banks but for the crypto currencies, you have to trade them at crypto exchange to earn the "real money". You have to trade bitcoins to earn money in "legal tenders". No buyers=No value. That's basically how every exchange works. The bitcoin bubble will eventually burst.
@@aditya-ml6km but value of diamonds, precious rare metals and stuff like meteorite is extremely high and stays high even though few can afford it. So I dont get how that works. I guess bitcoin will be highly valued but people just wont be able to afford it?
@@AbsolAhm metal have uses, anyone can buy metal silver is pretty cheap to get into, diamond value is pretty much someone’s opinion on the quality of the stones, diamonds are never a good investment.
@@aditya-ml6km you know you can buy just 0.000001 bitcoin, right? Buy, trade or stake as much as you can afford. Anyone can do it even if the price reaches 1 million you can still afford to buy some.
The fact that _any_ mention of bitcoin summons thousands of bots to descend onto the comment section sumps up the state of cryptocurrencies so elegantly, it's almost poetic.
People be like mining strings of code, while child poverty still exists, but imma say this isn't a problem with underfunding, it is problem of distribution
The reason there is so much poverty in the world is because of our current financial system. Bitcoin solves this problem by preserving the wealth of individuals who hold it no matter how small
@Peoples Republic of Ninj Exactly. It's become just another speculative investment, and like any of them to make reliable and significant profits you need to already be rich enough to invest.
@Peoples Republic of Ninj Yeah i agree, it is a sport for the 1% of the population also imma say, it is well documented that the world makes more than enough food for everyone in the planet to live out of poverty, but due to it not being profitable, poverty still exists
A place that doesn't exist, but ok. They want bitcoin gone, so they're pushing this narrative that it take so much energy and it's bad for climate, while simultaneously they give no shits about the climate or energy, and are just trying to defend their inferior currency.
NVidia have started throttling their graphics cards so if you try to use them for cryptocurrency mining it won’t work as they’ll perform really slowly. They’re doing this to tackle the worldwide GPU shortage.
@@desbest4 All you have to do is change out the firmware of the card. The mechanics behind the math performing graphics calculations are the same. BTW, you dont mine Bitcoin with GPUs, so that is totally irrelevant. You mine Bitcion with ASIC devices designed to only mine Bitcoin and to do it well.
@@RuhjedVentula GPUs can mine Bitcoin though, but I wouldn't say it would be very profitable without having top GPUs and really cheap energy, and if you have both, you can probably do something more useful or/and beneficial than Bitcoin mining with that.
It’s strange how people talk about all the profits, they have been making through trading of crypto, while am here making huge losses. Please can someone put me through on the right path or at least advise me on what strategy to follow.
@Ernest Micheals I’ve been investing in Bitcoin by myself. I’m not really happy with what’s going on, just few weeks ago I lost about $5000 in a particular trade so will getting a professional solve the problem??
@@Jorginhoflu1000 you laughing at your self?? yes government can ban it as it is not a legal tender. Bascally they can say you can't convert it into dollar or any other currency. and job done.
The biggest problem with Nuclear power is the waste. It is impossible to get rid of and is dangerous for 1000 of years. Soon as we find a real way to clean it up instead of putting it in the ground we would be good. Nuclear power is very safe if you think of all the Nuclear power plants around the world already
@@blowinkk9396 No problem with nuclear waste, dig a little hole, chuck it in, fill in the hole, job done! Put a little sign "No digging here for 1000 years, thx" :)
This report is intentionally misleading... More than 50% of bitcoin mining uses sustainable sources and its actually encouraging greater uptake of renewable energy usage. Easy to prove this data is correct 😊
@@blueplanethand misleading... What about toxic materials and manufacturing energy for said renewables? Energy is energy, some obtained with more efficiency than others yes, but still.
This report is intentionally misleading... More than 50% of bitcoin mining uses sustainable sources and its actually encouraging greater uptake of renewable energy usage. Easy to prove this data is correct 😊
@@blueplanethand 50% of a very large number is still a very large number. If all bitcoin mining was from renewable energy then it would not be a problem. THIS plant is owned by wealthy people who are making themselves wealthier by burning fossil fuels. There isn't much more to it.
Everyone freaking out about how much energy Bitcoin use mining, but seemingly they have glossed over the studies that show global banking uses at least double the energy of bitcoin. It makes sense when you think about it, banks still have servers doing masses of calculations and computers that run none stop (we just don't see them), but they also have people, air-conditioned banks and temperature-controlled vaults, to name just a tiny part of the energy-consuming infrastructure involved. Either way, none of them should be burning gas. Fossil fuels are just a bad investment at this point. Renewable energy is dropping in price year on year, while fossil fuels will only continue to increase in price as they become scarcer. It's simple economics that it's better to set your business up to run on renewable energy and that isn't even considering the environmental benefits.
Haha. You gave a great buy time. So I got at close to $4. It isn't the same as GME. It is worth over $8 but all depends on BTC price. It is heavy shorted, but when the merger happens there will be 10x as many shares. So short would have to be squized before the merger. Made over 2x in 1 day on GME. It was supper short and no new shares in site, this almost never happens in stock market. This stock is a play on BTC price. It could still double at $8 in 1 year or crash, depends on BTC price and chinese minners coming back online.
Depends where the gas comes from. If it was dug up from underground ground, then it's not neutral. If it comes from decomposing waste, it is actually beneficial to convert it (methane) to CO2 rather than releasing to atmosphere. That's why you see waste facilities burning they methane in open air.
Bitcoin is decentralized,there is no way someone can hack it as there is dozens of thousand computers running it and all of them have a copy of the blockchain.
If btc gets hacked, all web encryption failed. All banks go down. All government sites, all medical etc etc. Btc uses sha256 encryption algo and it would take all modern computers working together for half of the age of the universe (7B years) to break one sha256 key pair. Good luck
Hello, I'm new to Bitcoin trade and I've been making huge losses but recently I see a lot of people earning from it. Please can someone tell me what I'm doing wrong?
Yes they are scammers in the business just like it's in every other business but they are also legit brokers out there for investors and Mrs Charlotte's is one of the real and legit brokers out there.
HELLO SIR, I HAVE BEEN WATCHING SO MANY VIDEOS ABOUT CRPTO AND FOREX TRADE INVESTMENT BUT YET I'M STILL MAKING LOSSES TRADING ON MY OWN, PLEASE CAN YOU GIVE ME A GOOD STRATEGY OR AT LEAST ADVICE ON HOW TO MAKE GOOD PROFIT THROUGH INVESTING
Trading with an expert is the best strategy for newbies and busy investors who have little or no time to monitor trade.. I will advice you not to stop trading on your own it's very risky. Seek advice of a professional trader
@@Elephantstonica Nothing is permanent, it's just the matter of whether one is man made or not. And how long does it takes. Also, please take technological availability as a factor.
@@liasonlee1248 I never said humankind, or anything, was permanent. You stated the human race will be extinct before self-operating AI can be developed. Firstly there is plenty of self-operating AI already, so I think you mean AI achieving super intelligence. Secondly, for most ‘world ending’ scenarios imaginable there would likely be many people that survive. Along with plenty of other fauna, and flora. So my questions are why you would be convinced mankind will become extinct relatively soon, and how do you reckon this complete extinction will come about? What’s the specific reasoning for this belief?
It is just as real as the piece of paper that you call money nowadays. The only difference is that instead of being run by the central banks and governments it is run by people like me and you. Its all about to change even if the mainstream media is doing their best to delay the inevitable
@@bierrollerful The proof is in the facts. All you have to do is search and you will see. Tumble dryers alone in the US alone emmit more carbon then Bitcoin mining, but of course the BBC won't show you that.
This video explains the environmental concerns about Bitcoin mining, and yet the only thing that people arguing about is whether Bitcoin has something to do with Wall Street or not
I think in times like these, where market has been so down, it would be beneficial to hear more often from you, talking about the situation and such. I believe a lot of people are disappointed because the news coming from you were very optimistic, talking about BTC going to $100k few months ago, about us being in bull market, and when those predictions turned out to be wrong, you're gone. I've been watching you for a while and I can tell you're doing a lot of research. The 12.7M subscribers are your crew you should stay in touch more, That's why I will forever be in-depted to you Clara, you've changed my life, I'll continue to preach about your name for the world to hear, you've saved me from a huge financial debt with just little investment, Thanks Ms Clara Greens
Her technical analysis is dope and her interpretation/projections of the market is so accurate I sometimes ask myself if She is human haha. Point is, Clara is the perfect trader to follow for advise and daily signals
I HAVE INCURRED SO MUCH LOSSES TRADING ON MY OWN...I TRADE WELL ON DEMO BUT I THINK THE REAL MARKET IS MANIPULATED... CAN ANYONE HELP ME OUT OR AT LEAST TELL ME WHAT I'M DOING WRONG ?
Trading with an expert is the best strategy for newbies and busy investors who have little or no time to monitor their trade.. I will advice you to stop trading on your own it's very risky. Seek advice of a professional trader.
But the recent recession and current crash in the crypto market are giving me fears, I've done a little research into robot technology but haven't found a public company to invest into. Can anyone point me in a direction please?
Yes, market crashes. Yes it has not bottomed, Yes it's gonna crash,, does it really matter??, It has no business at this level in the first place, pumped up by the Fed and central banks around the world. You can still be 100% invested at this level. Good luck!. I trade and take quick profit. With this inflation and my expectation on the economy, I am ok with the 80% profit I get from my broker..
Nice FUD peice. Now do one on the gold mining industry and how gold is absolutely useless In today's world and uses much worse energy sources. Then do the banking system. Bitcoin could replace both those industries and do it in an environmentally friendly way.
Why is gold useless? The majority of newly mined gold goes into Jewellery, electronics and industrial materials, not bars for storage like you are probably thinking.
@@Citizen-of-theworld jewelry is a novelty and is useless, stainless steel and a mix of other alloys are much cheaper and can replace it. Gold is not the best metal for industry, it has select use cases. It's prime use is being a shiny rock to hold which is expensive and dangerous to move.
@@fordskool tell that to your fiancé when you want to buy her stainless steel jewellery instead of gold or platinum. Irregardless of your and her personal stance on it, it has value because of its unique properties, rarity and more importantly, because people perceive it to have value. Same with bitcoin, except in its case there is nothing intrinsically valuable about it other than the belief that it has value. It’s just a greater fool theory psychology.
@@fordskool ah you are talking about alchemy! How’s that industry going by the way :-P I kid, but whilst gemstones can indeed be synthetically replicated, gold cannot. It is a rare element and cannot be created or destroyed. Only a few atoms of gold have ever been “made” by radioactive bombardment of lead with beta particles and subsequent decay process, and this produces an unstable radioactive isotope of gold. Gold will always have intrinsically unique metallurgical properties which cannot be replicated due to its elemental makeup. (Speaking as a chemistry graduate)
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Bitcoin needs to move to renewable energy, quite obviously. One can invest in this plant, but I am not in favour of fossil fuel use. Would be interesting a documentary on the China Bitcoin mining plants.
about time Bitcoin starts providing it's own power to operate instead of sucking off the grid for free. Now They Need to build Solar/Wind systems to power Bitcoin. becoming a totally green currency.
"benefit a few people on wall street" im not sure she even understands the concept of defi! Come on BBC, you can do better than this.
It's so sad that bitcoin has been out for over 10 years now and yet, these guys still have no clue about it
I mean she is not wrong ultimately the profit goes to the company Greenidge Generation want to be listed on wall street. Common people can benefit from scarcity of bitcoin. In that way mining bitcoin reduces its cost. No one otherthan the owners have the benefit. There is 21 mil cap which will take a century to complete I will not be surprised if bitcoin is forced to reduce the cap to end mining and just keep the transaction validation reward going.
Yes, it's true but it's a great sign, still so many have no idea! We're clearly in the early stages of bitcoin life/adoption
I was like.. wait what? 🙄
They probably meant that 2% of account holders that control 95% of all Bitcoins. The Bitcoin "whales" / bankers.
Literally has nothing to do with Wall St🤣
The plant is owned by a private equity firm, that's the most Wallstreetesque type of investment (only rich people can afford it, and only few), so "only few people from Wallstreet benefit" is pretty much true if you see Wallstreet as a concept instead of location like it often is now
@@tomlxyz Anyone can own crypto no matter how little or how much. It is giving the less fortunate a proper chance. It is giving control over your money back to you independent from any government.
If they just could tell how much gold costs to dig up.
@Abdishakur Adan lol
@@NoneOfyourBusiness468 yea true, at least gold has uses
She says "to benefit people on wallstreet"???? Lol, shes way off
She's clueless and has an agenda
Clueless
It's literally the opposite of what she said 🙄
idk much but who invested the money for those huge industrial mining grids ? Did they get the money from a crowdsourcing site ?
@@Digarch5061 I think you're the clueless one. Bitcoin is like any other financial instrument and is being traded and used in exactly the same way.
He was about to finish and you cut him off at carbon. Dumb corrupt media
It's true tho, better to not produce co2 then to offset it
"Some people don't want to see other people getting rich".
Bitter but truth
Better for the ppl 2 get rich then the big companies. Bitcoin mining was a thing ppl could do at home till the greedy wanted more money
I just want my GPU to play games after work and also give a damn about the environment.
@@HRTWARRIOR yea GPUs doubled in price and then still u had 2 wait to get 1 so i ended up buying a ps4
@@HRTWARRIOR those are asic miners, they have nothing to do with gpu
Yeah right
Maybe you should have let him explain rather than cutting the interview once you had the sentence you were looking for.
Yes,I confirm.
Classic bbc
Have a great day!
What there to explain, he's generating money for himself
@@chindit6784 yes and?
"To benefit a few people on wall street" ill informed people again bashing something they know nothing about. Bitcoin is for everyone
You are an absolute moron… the BC mined there will only benefit a few people, most likely from Wall Street because no one else has enough money to start an operation like that
Mark Twain said don’t argue with fools because they’ll beat you with experience.
@@arwo1143 he is not, I believe you do not see the bigger picture. anyone who contributes to the network whether it’s mining, nodes or transacting has a positive effect on everyone who uses the network. And bitcoin has a positive effect on those who use it.
The plant benefits a private equity firm, so she's right. Not talking about Bitcoin, but you need to feel attacked at any criticism related to Bitcoin even if it's not Bitcoin itself
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I believe Satoshi Nakamoto did not intend for individuals/companies to mine Bitcoin like this.
Bitcoin is prototype and prototype only
Bitcoin is a proof of concept that a decentralized digital currency can exist.
It still hasn't gone to zero yet
Whatever you invent .. it will only benefit the corporate and rich people first ..
with out these people the network would fail
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You're right ma,
That is why I had to start forex trading
2months ago and now am making benefits from it.
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My first inv... with Mrs Dean Kirsty gave me profit
Yeah you're right one needs to diversify to
have different streams of income,,
Come after 10 years.....
That guy will be Multi-Billionaire
So less people see it..I got my bigg bag and retire at 45 years old 💪
For a broadcaster who prides itself on having a neutral outlook on things (lol), this is an incredibly biased and one-sided article.
Why do the BBC send people who know nothing about what they are reporting, this reporters questions are child like
It's intentional, to spread FUD - Fear Uncertainty and Doubt
They spread FUD on the One show back in 2017/2018. Its all a game.
They fail to mention the costs that go into our current currencies and how that compares
Its the elephant in the room lol 😆😂
What do you mean
Yup, they just shit on BTC because their government shilling boss told them to trash it
@@cesarcueto1995 They don't want to talk about the environmental impact of maintaining fiat currency.
@@Digarch5061 100% - I wonder what the sum total of every bricks and mortar banking building in the work draws in power. Computers, lights A/C, heating and 100,000's of people driving to and from that place of work each day. Bitcoin is clearly a fraction of that global footprint.
Success is about focusing Your energy on what creates results and using what you already know
I pray whoever reads this should become successful. keep l for success. the rich stay rich by spending like the poor and investing why the poor stay poor and be spending like the rich yet not investing. Roar! Invest earn and be successful.
Assets that can make you rich!
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What’s worse for the environment ?
Printing money or using coins ?
How are they offsetting their carbon footprint? They said they’re carbon neutral but didn’t explain how.
Carbon credits, tree planting etc.
They aren't.
"Benefit a few people from Wallstreet..."
Huh. I didn't know my 0.27 BTC makes me a filthy rich Wallstreet douchebag. Good to know.
Probably meant the 2% of accounts that control 95% of all Bitcoins.
I mean elon only need one tweet to let the bitcoin rise or fall
She meant the plant, not Bitcoin. The plant benefits the private equity investors of which there are just a few, so it's right
@@buubbleblue9298 yeah no. Not anymore. The only coin Elon can control now is his Shitcoin. And even his Shitcoin isn’t being greatly affected by his tweets anymore.
Check out the rich guy with 027 btc
How about the Bitcoin mines working off hydroelectric power, in Western Canada?
They built a hydrodam just for bitcoin mining?
@@bierrollerful Yes, bitcoin mining is a billion dollar industry. Cryptocurrency is a multi trillion dollar industry.
Nobody is talking about that, right
lol, wow lol. wait till they get hshing going on a quantum co puter and the entire block chain is hashed in an instant. well all cryptography will suffer on that day, but just imagine the infrasture build around bit coin, wo it all evaporates instantly.
im no fn of made up waelth be it stocks, dollars, gold, or a block chain. but something serious has got to happen for gold just to turn into thin air
@@atoeprecious7522 stop spreading and promoting a scammer.
To benefit people on Wall Street?! Such ignorance shouldn't be allowed to have a platform to spread.
I think shes right. It's them who set it up
@@gilbertsenyonjo963 without miners, you cant validate transactions m8
@@joaosousa4946 So? How does this have to do with people on wall Street?
@@gilbertsenyonjo963 well, I ment to reinforce what Zviad (the guy aboce you) was saying:
that saying that this only benefits people on wallstreet is ignorance, and I agree because, even though this mining operation might be owned only by people in wallstreet, its still necessary to exist for the hole chain to work
otherwise transactions cant be validated for anyone in the blockchain without people minting coins! So its benefiting all of us using the currency.
Probably the Chief executive of Greenidge doesn't know what is the meaning of carbon neutral. He should've googled it atleast.
yeah I wish the journalists digged more into the fact saying it's carbon neutral is just a public relation strategy
They probably buy carbon offset somehow
Why didn't he ask 'how is the plant carbon neutral?' Is it because the answer would shift the narrative in the opposite direction to what they are trying to portray?
I bet they did but edited it out.
State run media apparati hate non fiat money. It scares them. They will do anything they can to fuck over crypto and undermine confidence, including shilling their stupid fiat system that uses 100x more power.
If you plant trees elsewhere then you can be carbon neutral.
They might buy carbon offsets
Does seem like a complete waste of energy, I understand Bitcoin and proof of work consensus but there has to be another way to achieve consensus.
I have a feeling the 29 BBC office uses more energy than Columbia or Bangladesh...
exactly... and all the self service computers must cost billion and use loads of energy
Feelings is what makes one wrong
the amount of people crying about the usage of a small percentage of carbon used by proof of work network protocols clearly do not understand that it is so small relative to the current monetary system which actually uses more energy to keep itself upright while still depreciating in value every year.
Crypto are not real currency; people only use them with the expectation of selling at a higher value for cash, not really to store value. The whole thing is speculative garbage, even worse than the stock market, which is also a joke but at least involves actual companies. This is gambling with Monopoly money.
If money appreciated then good would be upside down and people would horde paper currency. Money has to devalue. Da faq
@@e.p.s.9037 You don't understand crypto...or fiat.
What a terribly naive piece, representing one point of view only. Laughably nodding vigorously when that point of view is put forward, and attacking aggressively when alternative views are put forward. Terribly biased editing. Bad journalism.
you're upset cos your fossil fuel burning fetish is threatened?
@@DarkShroom I love Btc and the idea of mining using renewables. I work in solar energy myself. But just can’t stand the shit bbc reporting making it sound like btc uses too much energy.
@@magnus_jaya normally I wouldn't bother saying anything, but you seem reasonable.
Even if BTC was 100% powered by renewables, there's still an opportunity-cost to using that energy for what is an incredibly inefficient system.
Indeed, solar panels and wind turbines themselves are not Carbon neutral and have an incomplete waste stream (we generally just let a lot of the waste sit in open-air tailings lakes) and replacing ASICs every few years isn't Carbon neutral or sustainable either - my point being, there is more than just the problem of making the electricity greener. For every renewable-Watt that's used by the BTC network, something else more useful/efficient can't use that Watt, and we have to generate it another way.
So given all that, why not support Proof of Stake coins instead? I mined BTC from 2013-2017 but then Proof of Stake coins started appearing and I stopped mining to reduce my Carbon and resources footprint. Nowadays I run a stake pool on a handful of Raspberry Pis.
I know there used to be a massive trade-off in that you had to pretty much abandon decentralisation if you wanted lower energy usage from crypto networks, but that's just not true anymore.
Anyway I wondered what your thoughts were on all that.
P.S. I agree about the terrible journalism, and as a former employee of the BBC I would never watch its news output for anything but the most basic information on a given topic!
@@banksarenotyourfriends I do also support proof for f stake, but I’m quite happy both are being perused and developed as we may find other issues such as scaling further down the line. My hope is that btc can be mined at locations where the energy would otherwise be redundant, in isolated areas where the cost of distribution may be too high for a traditional solar plant. Michael Saylor calls it stranded energy. It actually could be an incredible way to monetize solar plants in areas which would otherwise be completely useless(middle of desert for example). This isn’t a solution for home mining exactly for the reasons you outlined.
@@magnus_jayathanks for your reply. I'm hopeful for the same things, just pessimistic about any of it actually happening when I remember how long it took for the BTC network to adopt Segwit (and that shouldn't really have been contentious at all, more contentious forks will no doubt take longer)
It's funny you mention 'stranded energy', my view is that one of the better ways we could be using Proof of Work, is as an energy dump for surplus energy produced by Renewables - as in; don't turn off wind farms on windy nights when we have nowhere to store the power, but dump it locally into shipping containers full of ASICs to help pay for the wind farm quicker. In a home installation the surplus energy could go to the miner instead of dumping surplus power into an immersion heater or whatever.
Beyond that, I kind of struggle to convince myself that PoW has got a positive future ahead for humanity (and it still doesn't get around the electronics waste problem). It would be interesting to see the pros and cons of this sort of idea, versus building grid-scale batteries.
Thanks again for your reply.
All the best.
What a waste
Idiot with a plan can beat genius without a plan.
A person can't be called as Genius if he has no plan....
Politicians should not accept an interview if they know nothing about the subject.
But I like how they make fools of themselves, keep it up !! 🤣
Such amount of energy spent insufflating a currency while people are starving and heading for crisis is obscene.
What about billionaires travelling to space. Mainstream media was waaaaaaw exciting news
@@zainzoala1083 what about people ignoring that most of tax money is used for war?
Have a great day!
People are starving because for the past 30 odd years the financial system is robbing them in favour of the elites. Nothing to do with Bitcoin. Bitcoin actually addresses the problem however the mainstream media is not interested in reporting the real issues because they are all in it together
Shut the hell up
Lol... And how much energy is needed to mine gold?
True but dont forget gold has actual real world use in electronics etc while btc is just a currency.
What many often tend to miss is more how much energy does it take to print fiat money and run the bank servers and employees and all the buildings security etc which is globally still more than how much energy crypto consumes, which has its own security built in, you don't need paid guards cameras armored trucks to transport it, you cannot steal it and it is being run completely decentralised globally.
Bitcoin mines are going against the whole point of decentralisation though.
Rest of the world: Cutting emissions while making food, cars, trucks, clothes...
Bitcoiners: Burning tons of gas to make "money".
Wtf? That woman said Bitcoin is there to profit for wall street...
It has nothing to do with wall street.
Man’s stupidity never ceases to amaze me. Just when I thought we’d reached our lowest ebb, boom…..something else appears to make me reevaluate.
This report is intentionally misleading... More than 50% of bitcoin mining uses sustainable sources and its actually encouraging greater uptake of renewable energy usage. Easy to prove this data is correct 😊
We don't need traditional banks now we have cryptocurrencies and decentralized finance systems. We could shut down the big banks and save a lot of fossil fuels by doing so. Traditional banks have caused so much unessacary damage with their inificient fractional reserve debt based systems. You have to remember traditional banks don't actually create anything good for society they just profit from you being in debt.
@@sailingsurvival Amen! They've been robbing and conning people for decades yet most are still oblivious to it. Incredible
"To benefit a few people on Wall Street". Nope. "To benefit anyone whose wealth has been confiscated, whose transactions have been censored, whose value is being inflated away". More like it.
Using any amount of energy to mine useless cyber money is BS and shows how stupid humans are.
1:45 carbon neutrality with a gas plant or in other words: we make enough money to buy all the CO2 credits we need.
Why is everything about cryptocurrency such a scam...
Crypto gives people the ability to own their currency for once. It's the possibility of moving away from governments and regulation to freedom. Don't look at is as a means for rich to make money, look at it as a way for you to own your freedom.
Have a great day!
@@bradley2504 Who controls the currency then? Those that hold the currency? Can you see how this is a very stupid idea?
@@bierrollerful it's controlled by an algorithm. It cannot be manipulated.
@C I A you have no idea what you're talking about.
When BTC gets to 500K 0.01 will cost you 5K 😂. Stack sats NOW.
For bitcoin to reach 500K people must be willing to trade bitcoins when it hits 100k, 200k, 300k, 400k. Value does not increase just like that. Most people could have had afforded to trade bitcoins when it hit 8k, many are able to trade bitcoins at 25k, but I doubt people would be able to trade bitcoins when it hits 100k. You may stack 1 million bitcoins in your wallet but the value of those bitcoins will depend on the number of people willing to buy them at the present price. You can make money on Bitcoins only if somebody buys bitcoins from you. You aren't rich while stockpiling bitcoins in your wallet. This is where crypto currencies differ from the legal tenders. You can keep legal tenders in banks but for the crypto currencies, you have to trade them at crypto exchange to earn the "real money". You have to trade bitcoins to earn money in "legal tenders".
No buyers=No value. That's basically how every exchange works. The bitcoin bubble will eventually burst.
@@aditya-ml6km but value of diamonds, precious rare metals and stuff like meteorite is extremely high and stays high even though few can afford it.
So I dont get how that works.
I guess bitcoin will be highly valued but people just wont be able to afford it?
@@AbsolAhm metal have uses, anyone can buy metal silver is pretty cheap to get into, diamond value is pretty much someone’s opinion on the quality of the stones, diamonds are never a good investment.
@@AbsolAhm Diamonds, rare metals are tangible. Bitcoin is intangible.
@@aditya-ml6km you know you can buy just 0.000001 bitcoin, right? Buy, trade or stake as much as you can afford. Anyone can do it even if the price reaches 1 million you can still afford to buy some.
The fact that _any_ mention of bitcoin summons thousands of bots to descend onto the comment section sumps up the state of cryptocurrencies so elegantly, it's almost poetic.
That's what you want to believe
Some of the threads just look like 25 bots talking to each other haha
@@danbarnett9570 Yes, that's the desired impression. It's usually a scam: th-cam.com/video/EYiTE7bx7qg/w-d-xo.html
Just you wait no coiners,
Just you wait
LOL! Exactly
People be like mining strings of code, while child poverty still exists, but imma say this isn't a problem with underfunding, it is problem of distribution
The reason there is so much poverty in the world is because of our current financial system. Bitcoin solves this problem by preserving the wealth of individuals who hold it no matter how small
@Peoples Republic of Ninj Exactly. It's become just another speculative investment, and like any of them to make reliable and significant profits you need to already be rich enough to invest.
@Peoples Republic of Ninj Yeah i agree, it is a sport for the 1% of the population also imma say, it is well documented that the world makes more than enough food for everyone in the planet to live out of poverty, but due to it not being profitable, poverty still exists
@@Dorgpoop Yes! exactly!
@@ballshippin3809
Such bull.
No wonder CPU’s and GPU’s are getting so expensive and graphic cards are in such short supply with places like this
A place that doesn't exist, but ok. They want bitcoin gone, so they're pushing this narrative that it take so much energy and it's bad for climate, while simultaneously they give no shits about the climate or energy, and are just trying to defend their inferior currency.
bitcoin uses ASIC's to mine not GPU's, still smiconductors, but other crypto's do use GPU's
This has nothing to do with cpu and gpu shortages
NVidia have started throttling their graphics cards so if you try to use them for cryptocurrency mining it won’t work as they’ll perform really slowly. They’re doing this to tackle the worldwide GPU shortage.
@@desbest4 All you have to do is change out the firmware of the card. The mechanics behind the math performing graphics calculations are the same. BTW, you dont mine Bitcoin with GPUs, so that is totally irrelevant. You mine Bitcion with ASIC devices designed to only mine Bitcoin and to do it well.
So that's where all the GPU's are 😂
those are ASIC miners not GPU,. thus GPU can't mine Bitcoin
@@RuhjedVentula GPUs can mine Bitcoin though, but I wouldn't say it would be very profitable without having top GPUs and really cheap energy, and if you have both, you can probably do something more useful or/and beneficial than Bitcoin mining with that.
It’s strange how people talk about all the profits, they have been making through trading of crypto, while am here making huge losses. Please can someone put me through on the right path or at least advise me on what strategy to follow.
@Ernest Micheals I’ve been investing in Bitcoin by myself. I’m not really happy with what’s going on, just few weeks ago I lost about $5000 in a particular trade so will getting a professional solve the problem??
@Ernest Micheals if you’ve got any, please share
@Ernest Micheals That’s really impressive, is there a way I could reach out to this trader?
I just texted her on whats app and I'm about to start my trading process wish me luck ☺️
Greetings from Australia🇦🇺. I'm so happy taking a bold step investing $8,000 with Mrs Bones and got my payout last Monday.
Absolute madness! Bitcoin should be banned. Where experiencing record temperatures all over the world!
Then ban the global banking system because that uses WAY MORE power than btc EVER will! TH-cam uses way more power than btc
Do you think governments can ban a decentralized cryptocurrency?😂😂
@@Jorginhoflu1000 you laughing at your self??
yes government can ban it as it is not a legal tender.
Bascally they can say you can't convert it into dollar or any other currency. and job done.
@@wonderingAroundtoNoWhere In the future,people will stop using dollar,and will start using crypto as money.
@@wonderingAroundtoNoWhere also,government can't ban drug trade which is physical,why do you think they can ban a digital trade?
The way to resolve this Bitcoin carbon emissions issue is to use nuclear energy.
No thanks.
The biggest problem with Nuclear power is the waste. It is impossible to get rid of and is dangerous for 1000 of years. Soon as we find a real way to clean it up instead of putting it in the ground we would be good. Nuclear power is very safe if you think of all the Nuclear power plants around the world already
@@blowinkk9396 No problem with nuclear waste, dig a little hole, chuck it in, fill in the hole, job done! Put a little sign "No digging here for 1000 years, thx" :)
That's why proof of work can only be done by wealthy who can afford such setup. Proof of Staking is more decentralized.
BTC to 50k by next week
200k by march 2022
Turning clean earth into money 🙃
This report is intentionally misleading... More than 50% of bitcoin mining uses sustainable sources and its actually encouraging greater uptake of renewable energy usage. Easy to prove this data is correct 😊
Yes,I confirm.
@@blueplanethand misleading... What about toxic materials and manufacturing energy for said renewables? Energy is energy, some obtained with more efficiency than others yes, but still.
Very good, this will bring us our collective starvation much closer.
yeah very true
Im excited to witness mankind's self destruction
This report is intentionally misleading... More than 50% of bitcoin mining uses sustainable sources and its actually encouraging greater uptake of renewable energy usage. Easy to prove this data is correct 😊
@MrLoobu, no it doesn't lol
@@blueplanethand 50% of a very large number is still a very large number.
If all bitcoin mining was from renewable energy then it would not be a problem.
THIS plant is owned by wealthy people who are making themselves wealthier by burning fossil fuels. There isn't much more to it.
So basically they're mining nothing
They are Mining bitcoin. Nothing is the FIAT systems around the world that are currently being inflated to nothing by money printing.
Perhaps if you had a bit more of an open mind and not jump to conclusions so quickly that could work in your favour
Decentralised freedom. A giant middle finger to central banks and government, that's what Bitcoin is.
Indeed
Anything for money..... 🤦🏻♂️
Everyone freaking out about how much energy Bitcoin use mining, but seemingly they have glossed over the studies that show global banking uses at least double the energy of bitcoin. It makes sense when you think about it, banks still have servers doing masses of calculations and computers that run none stop (we just don't see them), but they also have people, air-conditioned banks and temperature-controlled vaults, to name just a tiny part of the energy-consuming infrastructure involved.
Either way, none of them should be burning gas. Fossil fuels are just a bad investment at this point. Renewable energy is dropping in price year on year, while fossil fuels will only continue to increase in price as they become scarcer. It's simple economics that it's better to set your business up to run on renewable energy and that isn't even considering the environmental benefits.
China has hundreds of these factories
And of course the BBC won’t call them out
Most bitcoin miners have been kicked out of china
China just banned all crypto mining
$SPRT has MASSIVE short interest, look it up! This could be similar to $GME , $AMC , $NEGG! Shorts are toast next week!!!!
Haha. You gave a great buy time. So I got at close to $4. It isn't the same as GME. It is worth over $8 but all depends on BTC price. It is heavy shorted, but when the merger happens there will be 10x as many shares. So short would have to be squized before the merger. Made over 2x in 1 day on GME. It was supper short and no new shares in site, this almost never happens in stock market. This stock is a play on BTC price. It could still double at $8 in 1 year or crash, depends on BTC price and chinese minners coming back online.
Typical BBC reporting. And they wonder why they're hemorrhaging license fee revenue by the day 🤔
This will age well
Bitcoin is not going anywhere
@@marcoAKAjoe we’ll see
Bitcoin HODLers going broke just wait
Now can be the best time to buy and hold bitcoin
sure, this days bitcoin is how many people create wealth i am happy i started investing from the pandemic crash and now i am gaining more in it
you are absolutely right, bitcoin is the best so far
@@josephpamela4363 surely investment is the stepping stone to success
Us bitcoin holders don't want that we want rentable energy for our bitcoin mining close it down
You're wrong. You dont get to speak for others. I hold bitcoin as well and I want to burn all the coal and oil.
Using fossil fuel is just greed.
He said thyre carbon neutral . Is that totally meaningless ?
Depends where the gas comes from. If it was dug up from underground ground, then it's not neutral. If it comes from decomposing waste, it is actually beneficial to convert it (methane) to CO2 rather than releasing to atmosphere. That's why you see waste facilities burning they methane in open air.
I wonder what the cost of energy that goes into current currencies compared to crypto lol
Very little. Creating bank notes and running a thousand virtual machines is nothing compared to all the mining happening.
Next you'll see Bitcoin island countries
They could be looking at replacing the gas burning equipment with solar cells...
@@timothyivanov371 Then they could be looking at equipment that generates energy by burning bitchy TH-cam commenters.😏
Have a great day!
Disturbing use of fossil fuels.
What a stupid, unethical idea. Doesn't the US know it needs to start closing down dinosaur juice plants, not repurposing them? 🤷🤦
If anyone ever hacked it it’s all gone !
haha good luck
Bitcoin is decentralized,there is no way someone can hack it as there is dozens of thousand computers running it and all of them have a copy of the blockchain.
If btc gets hacked, all web encryption failed. All banks go down. All government sites, all medical etc etc. Btc uses sha256 encryption algo and it would take all modern computers working together for half of the age of the universe (7B years) to break one sha256 key pair. Good luck
Hello, I'm new to Bitcoin trade and I've been making huge losses but recently I see a lot of people earning from it. Please can someone tell me what I'm doing wrong?
That is true, you need an expert broker and account manager to make good profit from Bitcoin trade.
I invested $6,000 with her and earned $33,000 in period of 3 weeks of trading with her.
Yes they are scammers in the business just like it's in every other business but they are also legit brokers out there for investors and Mrs Charlotte's is one of the real and legit brokers out there.
Please can someone help me with her reach out means?
I have never heard or seen any of her clients complain of lost.... She's just too trustworthy and professional.
Is that were all the graphics cards went too???
Where have you been?
HELLO SIR, I HAVE BEEN WATCHING SO MANY VIDEOS ABOUT CRPTO AND FOREX TRADE INVESTMENT BUT YET I'M STILL MAKING LOSSES TRADING ON MY OWN, PLEASE CAN YOU GIVE ME A GOOD STRATEGY OR AT LEAST ADVICE ON HOW TO MAKE GOOD PROFIT THROUGH INVESTING
Trading with an expert is the best strategy for newbies and busy investors who have little or no time to monitor trade.. I will advice you not to stop trading on your own it's very risky. Seek advice of a professional trader
That's true most people today have been having a lot of failure in Forex and crypto sector because of poor orientation and bad experts
Wow I'm just shock you mentioned and recommended Expert Mrs Stella I thought I'm the only trading with her
You don't need to be shock because I'm also a huge beneficiary of Mrs Stella expertise
I'm so happy for taking the bold step in working and invested $5000 with Expert Mrs stella after a week I received $38,680 to my bank
One of the dumbest things Ive seen, and also clearly how the matrix begins.
What the hell are you talking about
Not even close, human race is extinct before self operating AIs can be developed.
@@liasonlee1248
Extinct? Not likely. Possible, but not likely.
How exactly?
@@Elephantstonica Nothing is permanent, it's just the matter of whether one is man made or not. And how long does it takes. Also, please take technological availability as a factor.
@@liasonlee1248
I never said humankind, or anything, was permanent.
You stated the human race will be extinct before self-operating AI can be developed.
Firstly there is plenty of self-operating AI already, so I think you mean AI achieving super intelligence.
Secondly, for most ‘world ending’ scenarios imaginable there would likely be many people that survive. Along with plenty of other fauna, and flora.
So my questions are why you would be convinced mankind will become extinct relatively soon, and how do you reckon this complete extinction will come about? What’s the specific reasoning for this belief?
Such a waste of energy
Sometimes I think people are sick. Using real resources to produce an imaginary, unreal thing. This is crazy 🤯 . . .
It is just as real as the piece of paper that you call money nowadays. The only difference is that instead of being run by the central banks and governments it is run by people like me and you. Its all about to change even if the mainstream media is doing their best to delay the inevitable
@@Symmetry77 I don't think it should be allowed. Such things should be regulated by law.
Typical BBC propaganda
So this is why shortchips happens
Didn't even tell us how much bitcoin he makes from it
"We are a 100% carbon neutral mining operation... like any other gas plant this plant does emit carbon" (Logic much?)
Carbon neutral doesn't mean zero emissions. They buy carbon credits. It's a marketing/PR ploy.
But nevertheless Bitcoin mining uses 60% renewable energy while traditional banks using 100% dirty electricity
@@MrKAmsterdam And how exactly would you prove that?
bc1qkpg6n2rtx9afux3zfscvj6xqhrxu58xnjregtm please help a brother any amount will go long way
@@bierrollerful The proof is in the facts. All you have to do is search and you will see. Tumble dryers alone in the US alone emmit more carbon then Bitcoin mining, but of course the BBC won't show you that.
This video explains the environmental concerns about Bitcoin mining, and yet the only thing that people arguing about is whether Bitcoin has something to do with Wall Street or not
I think the video is showing the average person the mechanics of Bitcoin production. Its a fascinating article.
Fascinating? 3 seconds of googling would provide you with a wealth of information far exceeding this shit.
I can unequivocally say that trading is one of the most profitable and lucrative business for every investors with the right expert
Trading is very profitable with the help of a seasoned expert trader or broker managing your trading account
Yeah bitcoin trading requires expertise and experience broker to be able to make it big
To avoid making losses while trading, you need to get full understanding and knowledge of trading and holding
i neeed heIp
Trade with an expert else you will lose all your capital and you will drop off the market
02:13 this local politician has no clue what she is talking about
This kind of structure makes me have huge doubts on cryptocurrency.
100% carbon neutral and burning fossil fuel ? lolllllllll
I think in times like these, where market has been so down, it would be beneficial to hear more often from you, talking about the situation and such. I believe a lot of people are disappointed because the news coming from you were very optimistic, talking about BTC going to $100k few months ago, about us being in bull market, and when those predictions turned out to be wrong, you're gone. I've been watching you for a while and I can tell you're doing a lot of research. The 12.7M subscribers are your crew you should stay in touch more, That's why I will forever be in-depted to you Clara, you've changed my life, I'll continue to preach about your name for the world to hear, you've saved me from a huge financial debt with just little investment, Thanks Ms Clara Greens
Her technical analysis is dope and her interpretation/projections of the market is so accurate I sometimes ask myself if She is human haha. Point is, Clara is the perfect trader to follow for advise and daily signals
This is not the first time I am hearing about Clara, and her trading exploits but I have no idea how I can reach her so that i can invest.
Please how can i get in touch with her?
....
that's her hAndLe. get more info from her… .☝☝☝
SPRT and Now ticker GREE. We debut tomorrow
Thanks~~~< for watching and don't forget to hit the like button and if want
What's the % of energy consumed because of cooling down the machines overall?
A big fan. Thats it
There are people at the top rubbing their hands over the people at bottom.
1:54 - 2:11 thats arrogance right there lol . hes completely lost his mind doesnt know whats emiting carbon footprint and whats not.
Embarressing!
I HAVE INCURRED SO MUCH LOSSES TRADING ON MY OWN...I TRADE WELL ON DEMO BUT I THINK THE REAL MARKET IS MANIPULATED... CAN ANYONE HELP ME OUT OR AT LEAST TELL ME WHAT I'M DOING WRONG ?
We work for years to have, $1 million while some people I know put few thousands of dollars in some crypto coins trading and they are millionairesכ'
Trading with an expert is the best strategy for newbies and busy investors who have little or no time to monitor their trade.. I will advice you to stop trading on your own it's very risky. Seek advice of a professional trader.
But the recent recession and current crash in the crypto market are giving me fears, I've done a little research into robot technology but haven't found a public company to invest into. Can anyone point me in a direction please?
Yes, market crashes. Yes it has not bottomed, Yes it's gonna crash,, does it really matter??, It has no business at this level in the first place, pumped up by the Fed and central banks around the world. You can still be 100% invested at this level. Good luck!. I trade and take quick profit. With this inflation and my expectation on the economy, I am ok with the 80% profit I get from my broker..
How can someone know a professional trader that is trustworthy when legit ones are hard to find this days.
These old power plants were closed for a reason. I thought there's a finite amount of Bitcoin so no one should be able to legally mine them.
Yes there is a finite amount. Not all have been mined yet.
"Leagally" mine them? Wow. Yikes.
Nice FUD peice. Now do one on the gold mining industry and how gold is absolutely useless In today's world and uses much worse energy sources. Then do the banking system. Bitcoin could replace both those industries and do it in an environmentally friendly way.
Why is gold useless? The majority of newly mined gold goes into Jewellery, electronics and industrial materials, not bars for storage like you are probably thinking.
@@Citizen-of-theworld jewelry is a novelty and is useless, stainless steel and a mix of other alloys are much cheaper and can replace it. Gold is not the best metal for industry, it has select use cases. It's prime use is being a shiny rock to hold which is expensive and dangerous to move.
@@fordskool tell that to your fiancé when you want to buy her stainless steel jewellery instead of gold or platinum. Irregardless of your and her personal stance on it, it has value because of its unique properties, rarity and more importantly, because people perceive it to have value. Same with bitcoin, except in its case there is nothing intrinsically valuable about it other than the belief that it has value. It’s just a greater fool theory psychology.
@@Citizen-of-theworld exactly, it comes down to perception - if tomorrow they found out how to replicate the chemical compund of gold it is useless.
@@fordskool ah you are talking about alchemy! How’s that industry going by the way :-P I kid, but whilst gemstones can indeed be synthetically replicated, gold cannot. It is a rare element and cannot be created or destroyed. Only a few atoms of gold have ever been “made” by radioactive bombardment of lead with beta particles and subsequent decay process, and this produces an unstable radioactive isotope of gold. Gold will always have intrinsically unique metallurgical properties which cannot be replicated due to its elemental makeup.
(Speaking as a chemistry graduate)
SPRT go BRRRRRRRR
And people say bitcoins will never be the future of finance...
STARTING EARLY IS THE BEST WAY OF GETTING AHEAD TO BUILD WEALTH, INVESTING REMAINS A PRIORITY. THE STOCK MARKET HAS PLENTY OF OPPORTUNITIES TO EARN A DECENT PAYOUTS, WITH THE RIGHT SKILLS AND PROPER UNDERSTANDING OF THE MARKET WORKS.
Assets that can make one successful in life
Crypto
Stocks
Shores
@@naomieharris3367 You are right.
But I don't know why people remain poor due to ignorance
@@mohammedleo9812 It's not ignorance but unprofessional broker in the market....
people are really making a lot of money from it
I know I'm blessed because I wouldn't have met someone who is spectacular as Expert Kathleen Susan she's real and gentle business woman have ever seen, she's the best.
Bitcoin needs to move to renewable energy, quite obviously. One can invest in this plant, but I am not in favour of fossil fuel use. Would be interesting a documentary on the China Bitcoin mining plants.
Seriously??
Imagine being so off the grid you literally build your own grid
about time Bitcoin starts providing it's own power to operate instead of sucking off the grid for free. Now They Need to build Solar/Wind systems to power Bitcoin. becoming a totally green currency.
SPRT is gonna rocket