Inside the bitcoin mine with its own power plant - BBC News

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  • เผยแพร่เมื่อ 3 ธ.ค. 2024

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  • @jonnybegood2745
    @jonnybegood2745 3 ปีที่แล้ว +497

    "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.

    • @Roger-99
      @Roger-99 3 ปีที่แล้ว +33

      It's so sad that bitcoin has been out for over 10 years now and yet, these guys still have no clue about it

    • @GunwantBhambra
      @GunwantBhambra 3 ปีที่แล้ว +16

      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.

    • @Tropicalfarming
      @Tropicalfarming 3 ปีที่แล้ว +7

      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

    • @skadarsh
      @skadarsh 3 ปีที่แล้ว +1

      I was like.. wait what? 🙄

    • @4nlimited3dition_4n3d
      @4nlimited3dition_4n3d 3 ปีที่แล้ว +3

      They probably meant that 2% of account holders that control 95% of all Bitcoins. The Bitcoin "whales" / bankers.

  • @TomHassan.
    @TomHassan. 3 ปีที่แล้ว +429

    Literally has nothing to do with Wall St🤣

    • @tomlxyz
      @tomlxyz 3 ปีที่แล้ว +16

      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

    • @yulb258
      @yulb258 3 ปีที่แล้ว +1

      @@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.

    • @NoneOfyourBusiness468
      @NoneOfyourBusiness468 3 ปีที่แล้ว +2

      If they just could tell how much gold costs to dig up.

    • @redlobster4841
      @redlobster4841 3 ปีที่แล้ว

      @Abdishakur Adan lol

    • @rbxrockettrio8650
      @rbxrockettrio8650 3 ปีที่แล้ว

      @@NoneOfyourBusiness468 yea true, at least gold has uses

  • @richardhubbard2151
    @richardhubbard2151 3 ปีที่แล้ว +248

    She says "to benefit people on wallstreet"???? Lol, shes way off

    • @Digarch5061
      @Digarch5061 3 ปีที่แล้ว +21

      She's clueless and has an agenda

    • @teamsuccessbeats
      @teamsuccessbeats 3 ปีที่แล้ว +5

      Clueless

    • @RJAlmond1
      @RJAlmond1 3 ปีที่แล้ว +4

      It's literally the opposite of what she said 🙄

    • @williamboshi1855
      @williamboshi1855 3 ปีที่แล้ว +10

      idk much but who invested the money for those huge industrial mining grids ? Did they get the money from a crowdsourcing site ?

    • @garethwynn01
      @garethwynn01 3 ปีที่แล้ว +6

      @@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.

  • @Hamilton_Gilpin
    @Hamilton_Gilpin 3 ปีที่แล้ว +23

    He was about to finish and you cut him off at carbon. Dumb corrupt media

    • @tomlxyz
      @tomlxyz 3 ปีที่แล้ว +1

      It's true tho, better to not produce co2 then to offset it

  • @zem_o6
    @zem_o6 3 ปีที่แล้ว +44

    "Some people don't want to see other people getting rich".
    Bitter but truth

    • @JD-ko4xr
      @JD-ko4xr 3 ปีที่แล้ว +1

      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

    • @HRTWARRIOR
      @HRTWARRIOR 3 ปีที่แล้ว +2

      I just want my GPU to play games after work and also give a damn about the environment.

    • @JD-ko4xr
      @JD-ko4xr 3 ปีที่แล้ว

      @@HRTWARRIOR yea GPUs doubled in price and then still u had 2 wait to get 1 so i ended up buying a ps4

    • @cl1m4x_420
      @cl1m4x_420 3 ปีที่แล้ว

      @@HRTWARRIOR those are asic miners, they have nothing to do with gpu

    • @shibainu2496
      @shibainu2496 3 ปีที่แล้ว

      Yeah right

  • @bradley2504
    @bradley2504 3 ปีที่แล้ว +31

    Maybe you should have let him explain rather than cutting the interview once you had the sentence you were looking for.

  • @andrewshaw7221
    @andrewshaw7221 3 ปีที่แล้ว +54

    "To benefit a few people on wall street" ill informed people again bashing something they know nothing about. Bitcoin is for everyone

    • @arwo1143
      @arwo1143 3 ปีที่แล้ว +10

      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

    • @shancunma6001
      @shancunma6001 3 ปีที่แล้ว +1

      Mark Twain said don’t argue with fools because they’ll beat you with experience.

    • @FatlessMidget
      @FatlessMidget 3 ปีที่แล้ว

      @@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.

    • @tomlxyz
      @tomlxyz 3 ปีที่แล้ว +3

      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

    • @MaccPowell
      @MaccPowell 3 ปีที่แล้ว

      To make money from cryptocurrency Investment one must be guided.
      Invest with Rutherfordwilliams company and their proffesional traders trades for you and you get to pay them only 20% of the profits they make for you

  • @troyna77
    @troyna77 3 ปีที่แล้ว +129

    I believe Satoshi Nakamoto did not intend for individuals/companies to mine Bitcoin like this.

    • @m5a1stuart83
      @m5a1stuart83 3 ปีที่แล้ว +2

      Bitcoin is prototype and prototype only

    • @DrJams
      @DrJams 3 ปีที่แล้ว +14

      Bitcoin is a proof of concept that a decentralized digital currency can exist.

    • @razorblade7408
      @razorblade7408 3 ปีที่แล้ว +1

      It still hasn't gone to zero yet

    • @bitcoinheist7831
      @bitcoinheist7831 3 ปีที่แล้ว +5

      Whatever you invent .. it will only benefit the corporate and rich people first ..

    • @cryptoguruguy8965
      @cryptoguruguy8965 3 ปีที่แล้ว +1

      with out these people the network would fail

  • @janetjack5874
    @janetjack5874 3 ปีที่แล้ว +35

    *INVESTING MAKE UP THE TOP-NOTCH HEMISPHERE OF WEALTH, THAT IS MORE REASON ONE SHOULD SAVE AND INVEST TO SECURE MORE PROFIT AND ENSURE SUCCESS.*

    • @johnsammy7481
      @johnsammy7481 3 ปีที่แล้ว

      You're right ma,

    • @johnsammy7481
      @johnsammy7481 3 ปีที่แล้ว

      That is why I had to start forex trading
      2months ago and now am making benefits from it.

    • @johnsammy7481
      @johnsammy7481 3 ปีที่แล้ว

      Thanks for introducing me to Mrs Dean Kirsty.

    • @johnsammy7481
      @johnsammy7481 3 ปีที่แล้ว

      My first inv... with Mrs Dean Kirsty gave me profit

    • @carolynpatrick4327
      @carolynpatrick4327 3 ปีที่แล้ว

      Yeah you're right one needs to diversify to
      have different streams of income,,

  • @rioroy3251
    @rioroy3251 3 ปีที่แล้ว +36

    Come after 10 years.....
    That guy will be Multi-Billionaire

    • @ThefutureofAI007
      @ThefutureofAI007 3 ปีที่แล้ว +2

      So less people see it..I got my bigg bag and retire at 45 years old 💪

  • @cdv1qa
    @cdv1qa 3 ปีที่แล้ว +23

    For a broadcaster who prides itself on having a neutral outlook on things (lol), this is an incredibly biased and one-sided article.

  • @nidgemorphie4316
    @nidgemorphie4316 3 ปีที่แล้ว +19

    Why do the BBC send people who know nothing about what they are reporting, this reporters questions are child like

    • @Digarch5061
      @Digarch5061 3 ปีที่แล้ว +2

      It's intentional, to spread FUD - Fear Uncertainty and Doubt

    • @jasonjenkins6373
      @jasonjenkins6373 3 ปีที่แล้ว +1

      They spread FUD on the One show back in 2017/2018. Its all a game.

  • @joelmcclellan4005
    @joelmcclellan4005 3 ปีที่แล้ว +26

    They fail to mention the costs that go into our current currencies and how that compares

    • @Digarch5061
      @Digarch5061 3 ปีที่แล้ว +2

      Its the elephant in the room lol 😆😂

    • @cesarcueto1995
      @cesarcueto1995 3 ปีที่แล้ว

      What do you mean

    • @JonIler
      @JonIler 3 ปีที่แล้ว

      Yup, they just shit on BTC because their government shilling boss told them to trash it

    • @Digarch5061
      @Digarch5061 3 ปีที่แล้ว

      @@cesarcueto1995 They don't want to talk about the environmental impact of maintaining fiat currency.

    • @mattyttv
      @mattyttv 3 ปีที่แล้ว

      @@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.

  • @mayadharmawanmayadharmawan2508
    @mayadharmawanmayadharmawan2508 3 ปีที่แล้ว +237

    Success is about focusing Your energy on what creates results and using what you already know

    • @ekahidayat5271
      @ekahidayat5271 3 ปีที่แล้ว

      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.

    • @dianwahyuni2487
      @dianwahyuni2487 3 ปีที่แล้ว

      Assets that can make you rich!

    • @dianwahyuni2487
      @dianwahyuni2487 3 ปีที่แล้ว

      I.Crypto

    • @dianwahyuni2487
      @dianwahyuni2487 3 ปีที่แล้ว

      2.Stocks

    • @dianwahyuni2487
      @dianwahyuni2487 3 ปีที่แล้ว

      3.Shores

  • @kingston3355
    @kingston3355 3 ปีที่แล้ว +37

    What’s worse for the environment ?
    Printing money or using coins ?

  • @dreamer_4937
    @dreamer_4937 3 ปีที่แล้ว +10

    How are they offsetting their carbon footprint? They said they’re carbon neutral but didn’t explain how.

  • @hereLiesThisTroper
    @hereLiesThisTroper 3 ปีที่แล้ว +49

    "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.

    • @4nlimited3dition_4n3d
      @4nlimited3dition_4n3d 3 ปีที่แล้ว +9

      Probably meant the 2% of accounts that control 95% of all Bitcoins.

    • @buubbleblue9298
      @buubbleblue9298 3 ปีที่แล้ว +3

      I mean elon only need one tweet to let the bitcoin rise or fall

    • @tomlxyz
      @tomlxyz 3 ปีที่แล้ว +4

      She meant the plant, not Bitcoin. The plant benefits the private equity investors of which there are just a few, so it's right

    • @clashpubg487
      @clashpubg487 3 ปีที่แล้ว

      @@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.

    • @roadblok6713
      @roadblok6713 3 ปีที่แล้ว +1

      Check out the rich guy with 027 btc

  • @kennethoconnell8623
    @kennethoconnell8623 3 ปีที่แล้ว +33

    How about the Bitcoin mines working off hydroelectric power, in Western Canada?

    • @bierrollerful
      @bierrollerful 3 ปีที่แล้ว +2

      They built a hydrodam just for bitcoin mining?

    • @Kev_Ridge
      @Kev_Ridge 3 ปีที่แล้ว +3

      @@bierrollerful Yes, bitcoin mining is a billion dollar industry. Cryptocurrency is a multi trillion dollar industry.

    • @Digarch5061
      @Digarch5061 3 ปีที่แล้ว +1

      Nobody is talking about that, right

    • @Pssst.ByTheWay
      @Pssst.ByTheWay 3 ปีที่แล้ว

      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

    • @emmagibson2632
      @emmagibson2632 3 ปีที่แล้ว +3

      @@atoeprecious7522 stop spreading and promoting a scammer.

  • @ZviadiZviadauriVelox
    @ZviadiZviadauriVelox 3 ปีที่แล้ว +26

    To benefit people on Wall Street?! Such ignorance shouldn't be allowed to have a platform to spread.

    • @gilbertsenyonjo963
      @gilbertsenyonjo963 3 ปีที่แล้ว

      I think shes right. It's them who set it up

    • @joaosousa4946
      @joaosousa4946 3 ปีที่แล้ว

      @@gilbertsenyonjo963 without miners, you cant validate transactions m8

    • @gilbertsenyonjo963
      @gilbertsenyonjo963 3 ปีที่แล้ว

      @@joaosousa4946 So? How does this have to do with people on wall Street?

    • @joaosousa4946
      @joaosousa4946 3 ปีที่แล้ว +1

      @@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.

  • @rajeshs8846
    @rajeshs8846 3 ปีที่แล้ว +12

    Probably the Chief executive of Greenidge doesn't know what is the meaning of carbon neutral. He should've googled it atleast.

    • @williamboshi1855
      @williamboshi1855 3 ปีที่แล้ว +4

      yeah I wish the journalists digged more into the fact saying it's carbon neutral is just a public relation strategy

    • @redlobster4841
      @redlobster4841 3 ปีที่แล้ว

      They probably buy carbon offset somehow

  • @simbalamsee4108
    @simbalamsee4108 3 ปีที่แล้ว +10

    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?

    • @anthony24322342
      @anthony24322342 3 ปีที่แล้ว +1

      I bet they did but edited it out.

    • @JonIler
      @JonIler 3 ปีที่แล้ว

      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.

    • @realtalk6195
      @realtalk6195 3 ปีที่แล้ว

      If you plant trees elsewhere then you can be carbon neutral.

    • @redlobster4841
      @redlobster4841 3 ปีที่แล้ว

      They might buy carbon offsets

  • @jonnyc3216
    @jonnyc3216 3 ปีที่แล้ว +3

    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.

  • @TK-mm9fb
    @TK-mm9fb 3 ปีที่แล้ว +12

    I have a feeling the 29 BBC office uses more energy than Columbia or Bangladesh...

    • @moonboy2022
      @moonboy2022 3 ปีที่แล้ว

      exactly... and all the self service computers must cost billion and use loads of energy

    • @danielpalacios4848
      @danielpalacios4848 3 ปีที่แล้ว +1

      Feelings is what makes one wrong

  • @dariusnicolausheinen6732
    @dariusnicolausheinen6732 3 ปีที่แล้ว +23

    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.

    • @e.p.s.9037
      @e.p.s.9037 3 ปีที่แล้ว +5

      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.

    • @danielpalacios4848
      @danielpalacios4848 3 ปีที่แล้ว

      If money appreciated then good would be upside down and people would horde paper currency. Money has to devalue. Da faq

    • @themightytitan4157
      @themightytitan4157 3 ปีที่แล้ว +2

      @@e.p.s.9037 You don't understand crypto...or fiat.

  • @magnus_jaya
    @magnus_jaya 3 ปีที่แล้ว +45

    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
      @DarkShroom 3 ปีที่แล้ว +1

      you're upset cos your fossil fuel burning fetish is threatened?

    • @magnus_jaya
      @magnus_jaya 3 ปีที่แล้ว +2

      @@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.

    • @banksarenotyourfriends
      @banksarenotyourfriends 3 ปีที่แล้ว +3

      @@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!

    • @magnus_jaya
      @magnus_jaya 3 ปีที่แล้ว +1

      @@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.

    • @banksarenotyourfriends
      @banksarenotyourfriends 3 ปีที่แล้ว

      @@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.

  • @dingbario
    @dingbario 3 ปีที่แล้ว +6

    What a waste

  • @BJPZINDABAD
    @BJPZINDABAD 3 ปีที่แล้ว +16

    Idiot with a plan can beat genius without a plan.

    • @Spreadlove0809
      @Spreadlove0809 3 ปีที่แล้ว +3

      A person can't be called as Genius if he has no plan....

  • @vince9626
    @vince9626 3 ปีที่แล้ว +33

    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 !! 🤣

  • @DataJYdocs
    @DataJYdocs 3 ปีที่แล้ว +27

    Such amount of energy spent insufflating a currency while people are starving and heading for crisis is obscene.

    • @zainzoala1083
      @zainzoala1083 3 ปีที่แล้ว +7

      What about billionaires travelling to space. Mainstream media was waaaaaaw exciting news

    • @MrKAmsterdam
      @MrKAmsterdam 3 ปีที่แล้ว +6

      @@zainzoala1083 what about people ignoring that most of tax money is used for war?

    • @larryjones158
      @larryjones158 3 ปีที่แล้ว

      Have a great day!

    • @Symmetry77
      @Symmetry77 3 ปีที่แล้ว +11

      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

    • @Kanal7Indonesia
      @Kanal7Indonesia 3 ปีที่แล้ว +1

      Shut the hell up

  • @kujiYoutube
    @kujiYoutube 3 ปีที่แล้ว +6

    Lol... And how much energy is needed to mine gold?

    • @neocodexx
      @neocodexx 3 ปีที่แล้ว

      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.

  • @oneshot2213
    @oneshot2213 3 ปีที่แล้ว +4

    Rest of the world: Cutting emissions while making food, cars, trucks, clothes...
    Bitcoiners: Burning tons of gas to make "money".

  • @razorblade7408
    @razorblade7408 3 ปีที่แล้ว +1

    Wtf? That woman said Bitcoin is there to profit for wall street...
    It has nothing to do with wall street.

  • @muttley8818
    @muttley8818 3 ปีที่แล้ว +17

    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.

    • @blueplanethand
      @blueplanethand 3 ปีที่แล้ว +4

      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 😊

    • @sailingsurvival
      @sailingsurvival 3 ปีที่แล้ว +3

      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.

    • @Symmetry77
      @Symmetry77 3 ปีที่แล้ว +2

      @@sailingsurvival Amen! They've been robbing and conning people for decades yet most are still oblivious to it. Incredible

  • @mattstuart-white450
    @mattstuart-white450 3 ปีที่แล้ว +8

    "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.

  • @ManuraNanayakkara
    @ManuraNanayakkara 3 ปีที่แล้ว +1

    Using any amount of energy to mine useless cyber money is BS and shows how stupid humans are.

  • @bierrollerful
    @bierrollerful 3 ปีที่แล้ว +16

    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...

    • @bradley2504
      @bradley2504 3 ปีที่แล้ว +6

      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.

    • @larryjones158
      @larryjones158 3 ปีที่แล้ว

      Have a great day!

    • @bierrollerful
      @bierrollerful 3 ปีที่แล้ว

      @@bradley2504 Who controls the currency then? Those that hold the currency? Can you see how this is a very stupid idea?

    • @jbennison5672
      @jbennison5672 3 ปีที่แล้ว +1

      @@bierrollerful it's controlled by an algorithm. It cannot be manipulated.

    • @jbennison5672
      @jbennison5672 3 ปีที่แล้ว

      @C I A you have no idea what you're talking about.

  • @jhhd44
    @jhhd44 3 ปีที่แล้ว +21

    When BTC gets to 500K 0.01 will cost you 5K 😂. Stack sats NOW.

    • @aditya-ml6km
      @aditya-ml6km 3 ปีที่แล้ว +5

      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.

    • @AbsolAhm
      @AbsolAhm 3 ปีที่แล้ว +1

      @@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?

    • @rbxrockettrio8650
      @rbxrockettrio8650 3 ปีที่แล้ว

      @@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
      @aditya-ml6km 3 ปีที่แล้ว

      @@AbsolAhm Diamonds, rare metals are tangible. Bitcoin is intangible.

    • @neocodexx
      @neocodexx 3 ปีที่แล้ว

      @@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.

  • @bierrollerful
    @bierrollerful 3 ปีที่แล้ว +12

    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.

    • @nidgemorphie4316
      @nidgemorphie4316 3 ปีที่แล้ว

      That's what you want to believe

    • @danbarnett9570
      @danbarnett9570 3 ปีที่แล้ว +2

      Some of the threads just look like 25 bots talking to each other haha

    • @bierrollerful
      @bierrollerful 3 ปีที่แล้ว

      @@danbarnett9570 Yes, that's the desired impression. It's usually a scam: th-cam.com/video/EYiTE7bx7qg/w-d-xo.html

  • @dylancollins780
    @dylancollins780 3 ปีที่แล้ว +2

    Just you wait no coiners,
    Just you wait

  • @maxwatson9450
    @maxwatson9450 3 ปีที่แล้ว +9

    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

    • @ballshippin3809
      @ballshippin3809 3 ปีที่แล้ว +1

      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

    • @Dorgpoop
      @Dorgpoop 3 ปีที่แล้ว +2

      @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.

    • @maxwatson9450
      @maxwatson9450 3 ปีที่แล้ว

      @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

    • @maxwatson9450
      @maxwatson9450 3 ปีที่แล้ว

      @@Dorgpoop Yes! exactly!

    • @Elephantstonica
      @Elephantstonica 3 ปีที่แล้ว +1

      @@ballshippin3809
      Such bull.

  • @CricketEngland
    @CricketEngland 3 ปีที่แล้ว +10

    No wonder CPU’s and GPU’s are getting so expensive and graphic cards are in such short supply with places like this

    • @lexruptor
      @lexruptor 3 ปีที่แล้ว

      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.

    • @t395delta
      @t395delta 3 ปีที่แล้ว

      bitcoin uses ASIC's to mine not GPU's, still smiconductors, but other crypto's do use GPU's

    • @richardhubbard2151
      @richardhubbard2151 3 ปีที่แล้ว

      This has nothing to do with cpu and gpu shortages

    • @desbest4
      @desbest4 3 ปีที่แล้ว

      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.

    • @richardhubbard2151
      @richardhubbard2151 3 ปีที่แล้ว

      @@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.

  • @AbzRaz
    @AbzRaz 3 ปีที่แล้ว +12

    So that's where all the GPU's are 😂

    • @RuhjedVentula
      @RuhjedVentula 3 ปีที่แล้ว +1

      those are ASIC miners not GPU,. thus GPU can't mine Bitcoin

    • @kagenekoUA
      @kagenekoUA 2 ปีที่แล้ว

      @@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.

  • @EllieCBirch
    @EllieCBirch 2 ปีที่แล้ว +26

    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.

    • @kateadams1143
      @kateadams1143 2 ปีที่แล้ว

      @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??

    • @kateadams1143
      @kateadams1143 2 ปีที่แล้ว

      @Ernest Micheals if you’ve got any, please share

    • @kateadams1143
      @kateadams1143 2 ปีที่แล้ว

      @Ernest Micheals That’s really impressive, is there a way I could reach out to this trader?

    • @kateadams1143
      @kateadams1143 2 ปีที่แล้ว

      I just texted her on whats app and I'm about to start my trading process wish me luck ☺️

    • @randodfcornelius4930
      @randodfcornelius4930 2 ปีที่แล้ว

      Greetings from Australia🇦🇺. I'm so happy taking a bold step investing $8,000 with Mrs Bones and got my payout last Monday.

  • @bilalkachachi4398
    @bilalkachachi4398 3 ปีที่แล้ว +6

    Absolute madness! Bitcoin should be banned. Where experiencing record temperatures all over the world!

    • @richardhubbard2151
      @richardhubbard2151 3 ปีที่แล้ว

      Then ban the global banking system because that uses WAY MORE power than btc EVER will! TH-cam uses way more power than btc

    • @Jorginhoflu1000
      @Jorginhoflu1000 3 ปีที่แล้ว +1

      Do you think governments can ban a decentralized cryptocurrency?😂😂

    • @wonderingAroundtoNoWhere
      @wonderingAroundtoNoWhere 3 ปีที่แล้ว

      @@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.

    • @Jorginhoflu1000
      @Jorginhoflu1000 3 ปีที่แล้ว

      @@wonderingAroundtoNoWhere In the future,people will stop using dollar,and will start using crypto as money.

    • @Jorginhoflu1000
      @Jorginhoflu1000 3 ปีที่แล้ว

      @@wonderingAroundtoNoWhere also,government can't ban drug trade which is physical,why do you think they can ban a digital trade?

  • @myshinobi1987
    @myshinobi1987 3 ปีที่แล้ว +19

    The way to resolve this Bitcoin carbon emissions issue is to use nuclear energy.

    • @public.public
      @public.public 3 ปีที่แล้ว +2

      No thanks.

    • @blowinkk9396
      @blowinkk9396 3 ปีที่แล้ว

      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

    • @The24Gamer
      @The24Gamer 3 ปีที่แล้ว

      @@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" :)

  • @aayush_789
    @aayush_789 3 ปีที่แล้ว +4

    That's why proof of work can only be done by wealthy who can afford such setup. Proof of Staking is more decentralized.

  • @mrxxbrian
    @mrxxbrian 3 ปีที่แล้ว +4

    BTC to 50k by next week

    • @mrsvenvath
      @mrsvenvath 3 ปีที่แล้ว +1

      200k by march 2022

  • @aldionsylkaj9654
    @aldionsylkaj9654 3 ปีที่แล้ว +17

    Turning clean earth into money 🙃

    • @blueplanethand
      @blueplanethand 3 ปีที่แล้ว +1

      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 😊

    • @paulettehardin1648
      @paulettehardin1648 3 ปีที่แล้ว

      Yes,I confirm.

    • @aldionsylkaj9654
      @aldionsylkaj9654 3 ปีที่แล้ว +1

      @@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.

  • @MrLoobu
    @MrLoobu 3 ปีที่แล้ว +40

    Very good, this will bring us our collective starvation much closer.

    • @maxwatson9450
      @maxwatson9450 3 ปีที่แล้ว +1

      yeah very true

    • @jonathangeorge787
      @jonathangeorge787 3 ปีที่แล้ว +2

      Im excited to witness mankind's self destruction

    • @blueplanethand
      @blueplanethand 3 ปีที่แล้ว +2

      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 😊

    • @MetalGearMk3
      @MetalGearMk3 3 ปีที่แล้ว

      @MrLoobu, no it doesn't lol

    • @dangermouse355
      @dangermouse355 3 ปีที่แล้ว +1

      @@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.

  • @Tom-kz5bf
    @Tom-kz5bf 3 ปีที่แล้ว +11

    So basically they're mining nothing

    • @jbennison5672
      @jbennison5672 3 ปีที่แล้ว +3

      They are Mining bitcoin. Nothing is the FIAT systems around the world that are currently being inflated to nothing by money printing.

    • @Symmetry77
      @Symmetry77 3 ปีที่แล้ว +3

      Perhaps if you had a bit more of an open mind and not jump to conclusions so quickly that could work in your favour

  • @Kay-gw6vw
    @Kay-gw6vw 3 ปีที่แล้ว +13

    Decentralised freedom. A giant middle finger to central banks and government, that's what Bitcoin is.

  • @roni2977
    @roni2977 3 ปีที่แล้ว +10

    Anything for money..... 🤦🏻‍♂️

  • @idontwanttopickone
    @idontwanttopickone 3 ปีที่แล้ว +8

    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.

  • @thomasace2547
    @thomasace2547 3 ปีที่แล้ว +7

    China has hundreds of these factories
    And of course the BBC won’t call them out

    • @au3303
      @au3303 3 ปีที่แล้ว +5

      Most bitcoin miners have been kicked out of china

    • @eviladam23
      @eviladam23 3 ปีที่แล้ว +1

      China just banned all crypto mining

  • @spda7922
    @spda7922 3 ปีที่แล้ว +24

    $SPRT has MASSIVE short interest, look it up! This could be similar to $GME , $AMC , $NEGG! Shorts are toast next week!!!!

    • @neilfosteronly
      @neilfosteronly 3 ปีที่แล้ว

      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.

  • @PrinceJohn84
    @PrinceJohn84 3 ปีที่แล้ว +5

    Typical BBC reporting. And they wonder why they're hemorrhaging license fee revenue by the day 🤔

  • @itz_harman6106
    @itz_harman6106 3 ปีที่แล้ว +4

    This will age well

    • @marcoAKAjoe
      @marcoAKAjoe 3 ปีที่แล้ว

      Bitcoin is not going anywhere

    • @itz_harman6106
      @itz_harman6106 3 ปีที่แล้ว +3

      @@marcoAKAjoe we’ll see

    • @MitchellfcNa32
      @MitchellfcNa32 3 ปีที่แล้ว

      Bitcoin HODLers going broke just wait

  • @paragoncrypto1846
    @paragoncrypto1846 3 ปีที่แล้ว +5

    Now can be the best time to buy and hold bitcoin

    • @nillshinegold8172
      @nillshinegold8172 3 ปีที่แล้ว

      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

    • @josephpamela4363
      @josephpamela4363 3 ปีที่แล้ว

      you are absolutely right, bitcoin is the best so far

    • @chibuzorobi2347
      @chibuzorobi2347 3 ปีที่แล้ว

      @@josephpamela4363 surely investment is the stepping stone to success

  • @johnboswell6426
    @johnboswell6426 3 ปีที่แล้ว +1

    Us bitcoin holders don't want that we want rentable energy for our bitcoin mining close it down

    • @smh9902
      @smh9902 3 ปีที่แล้ว

      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.

  • @critterkarma
    @critterkarma 3 ปีที่แล้ว +4

    Using fossil fuel is just greed.

  • @nimnimlight
    @nimnimlight 3 ปีที่แล้ว +1

    He said thyre carbon neutral . Is that totally meaningless ?

    • @dzidmail
      @dzidmail 3 ปีที่แล้ว

      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.

  • @aidanmccaffrey6442
    @aidanmccaffrey6442 3 ปีที่แล้ว +7

    I wonder what the cost of energy that goes into current currencies compared to crypto lol

    • @Michael-lg4wz
      @Michael-lg4wz 3 ปีที่แล้ว

      Very little. Creating bank notes and running a thousand virtual machines is nothing compared to all the mining happening.

  • @cezariusus7595
    @cezariusus7595 3 ปีที่แล้ว +1

    Next you'll see Bitcoin island countries

  • @Tentacular
    @Tentacular 3 ปีที่แล้ว +8

    They could be looking at replacing the gas burning equipment with solar cells...

    • @Tentacular
      @Tentacular 3 ปีที่แล้ว

      @@timothyivanov371 Then they could be looking at equipment that generates energy by burning bitchy TH-cam commenters.😏

    • @larryjones158
      @larryjones158 3 ปีที่แล้ว

      Have a great day!

  • @martensjd
    @martensjd 3 ปีที่แล้ว +1

    Disturbing use of fossil fuels.

  • @james.telfer
    @james.telfer 3 ปีที่แล้ว +6

    What a stupid, unethical idea. Doesn't the US know it needs to start closing down dinosaur juice plants, not repurposing them? 🤷🤦

  • @americanreject0413
    @americanreject0413 3 ปีที่แล้ว +2

    If anyone ever hacked it it’s all gone !

    • @mrsvenvath
      @mrsvenvath 3 ปีที่แล้ว +1

      haha good luck

    • @Jorginhoflu1000
      @Jorginhoflu1000 3 ปีที่แล้ว +2

      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.

    • @richardhubbard2151
      @richardhubbard2151 3 ปีที่แล้ว +1

      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

  • @avasophia2527
    @avasophia2527 3 ปีที่แล้ว +49

    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?

    • @GermaninVenice119
      @GermaninVenice119 3 ปีที่แล้ว

      That is true, you need an expert broker and account manager to make good profit from Bitcoin trade.

    • @Fayruzshula
      @Fayruzshula 3 ปีที่แล้ว

      I invested $6,000 with her and earned $33,000 in period of 3 weeks of trading with her.

    • @mottajr1776
      @mottajr1776 3 ปีที่แล้ว

      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.

    • @jacobhenry8403
      @jacobhenry8403 3 ปีที่แล้ว

      Please can someone help me with her reach out means?

    • @edwardsimon7877
      @edwardsimon7877 3 ปีที่แล้ว

      I have never heard or seen any of her clients complain of lost.... She's just too trustworthy and professional.

  • @cfq.tufanuf7601
    @cfq.tufanuf7601 3 ปีที่แล้ว +7

    Is that were all the graphics cards went too???

    • @keibohow69
      @keibohow69 3 ปีที่แล้ว

      Where have you been?

  • @joshuakevin6491
    @joshuakevin6491 3 ปีที่แล้ว +29

    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

    • @kellywill5088
      @kellywill5088 3 ปีที่แล้ว

      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

    • @mathewanthony9473
      @mathewanthony9473 3 ปีที่แล้ว

      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

    • @richardjoseph3581
      @richardjoseph3581 3 ปีที่แล้ว

      Wow I'm just shock you mentioned and recommended Expert Mrs Stella I thought I'm the only trading with her

    • @ronaldtimothy95
      @ronaldtimothy95 3 ปีที่แล้ว

      You don't need to be shock because I'm also a huge beneficiary of Mrs Stella expertise

    • @chifleymichael6973
      @chifleymichael6973 3 ปีที่แล้ว

      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

  • @MrLoobu
    @MrLoobu 3 ปีที่แล้ว +31

    One of the dumbest things Ive seen, and also clearly how the matrix begins.

    • @trolllovindaddy
      @trolllovindaddy 3 ปีที่แล้ว +6

      What the hell are you talking about

    • @liasonlee1248
      @liasonlee1248 3 ปีที่แล้ว +1

      Not even close, human race is extinct before self operating AIs can be developed.

    • @Elephantstonica
      @Elephantstonica 3 ปีที่แล้ว

      @@liasonlee1248
      Extinct? Not likely. Possible, but not likely.
      How exactly?

    • @liasonlee1248
      @liasonlee1248 3 ปีที่แล้ว

      @@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.

    • @Elephantstonica
      @Elephantstonica 3 ปีที่แล้ว

      @@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?

  • @dimm7448
    @dimm7448 3 ปีที่แล้ว +6

    Such a waste of energy

  • @dawidrejczak3208
    @dawidrejczak3208 3 ปีที่แล้ว +4

    Sometimes I think people are sick. Using real resources to produce an imaginary, unreal thing. This is crazy 🤯 . . .

    • @Symmetry77
      @Symmetry77 3 ปีที่แล้ว

      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

    • @dawidrejczak3208
      @dawidrejczak3208 3 ปีที่แล้ว

      @@Symmetry77 I don't think it should be allowed. Such things should be regulated by law.

  • @freeassange5667
    @freeassange5667 3 ปีที่แล้ว +9

    Typical BBC propaganda

  • @bekicot88
    @bekicot88 3 ปีที่แล้ว +1

    So this is why shortchips happens

  • @dominicmm6
    @dominicmm6 3 ปีที่แล้ว +6

    Didn't even tell us how much bitcoin he makes from it

  • @MrFlexNC
    @MrFlexNC 3 ปีที่แล้ว +16

    "We are a 100% carbon neutral mining operation... like any other gas plant this plant does emit carbon" (Logic much?)

    • @bierrollerful
      @bierrollerful 3 ปีที่แล้ว +6

      Carbon neutral doesn't mean zero emissions. They buy carbon credits. It's a marketing/PR ploy.

    • @MrKAmsterdam
      @MrKAmsterdam 3 ปีที่แล้ว +5

      But nevertheless Bitcoin mining uses 60% renewable energy while traditional banks using 100% dirty electricity

    • @bierrollerful
      @bierrollerful 3 ปีที่แล้ว +1

      @@MrKAmsterdam And how exactly would you prove that?

    • @arinzemadueke4078
      @arinzemadueke4078 3 ปีที่แล้ว

      bc1qkpg6n2rtx9afux3zfscvj6xqhrxu58xnjregtm please help a brother any amount will go long way

    • @Kev_Ridge
      @Kev_Ridge 3 ปีที่แล้ว +1

      @@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.

  • @wsrahman
    @wsrahman 3 ปีที่แล้ว +3

    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

  • @Jonescan55
    @Jonescan55 3 ปีที่แล้ว +1

    I think the video is showing the average person the mechanics of Bitcoin production. Its a fascinating article.

    • @danielphillips1171
      @danielphillips1171 3 ปีที่แล้ว

      Fascinating? 3 seconds of googling would provide you with a wealth of information far exceeding this shit.

  • @maryjohn3328
    @maryjohn3328 2 ปีที่แล้ว +15

    I can unequivocally say that trading is one of the most profitable and lucrative business for every investors with the right expert

    • @sharonese9650
      @sharonese9650 2 ปีที่แล้ว

      Trading is very profitable with the help of a seasoned expert trader or broker managing your trading account

    • @ryanphillip5296
      @ryanphillip5296 2 ปีที่แล้ว

      Yeah bitcoin trading requires expertise and experience broker to be able to make it big

    • @nicholaseric5814
      @nicholaseric5814 2 ปีที่แล้ว

      To avoid making losses while trading, you need to get full understanding and knowledge of trading and holding

    • @pamelasandra4809
      @pamelasandra4809 2 ปีที่แล้ว

      i neeed heIp

    • @alexanderfrank4343
      @alexanderfrank4343 2 ปีที่แล้ว

      Trade with an expert else you will lose all your capital and you will drop off the market

  • @ThunderMLG
    @ThunderMLG 3 ปีที่แล้ว

    02:13 this local politician has no clue what she is talking about

  • @AbsolAhm
    @AbsolAhm 3 ปีที่แล้ว +3

    This kind of structure makes me have huge doubts on cryptocurrency.

  • @philippegauthier8424
    @philippegauthier8424 3 ปีที่แล้ว

    100% carbon neutral and burning fossil fuel ? lolllllllll

  • @deancarlson3724
    @deancarlson3724 2 ปีที่แล้ว +41

    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

    • @badgerbeall6260
      @badgerbeall6260 2 ปีที่แล้ว

      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

    • @austinrapanos6027
      @austinrapanos6027 2 ปีที่แล้ว

      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.

    • @lindsey2894
      @lindsey2894 2 ปีที่แล้ว

      Please how can i get in touch with her?

    • @claragreensisocgreensontel2548
      @claragreensisocgreensontel2548 2 ปีที่แล้ว

      ....

    • @deancarlson3724
      @deancarlson3724 2 ปีที่แล้ว

      that's her hAndLe. get more info from her… .☝☝☝

  • @Optionspike
    @Optionspike 3 ปีที่แล้ว +2

    SPRT and Now ticker GREE. We debut tomorrow

    • @user-lv6xv5oc8o
      @user-lv6xv5oc8o 3 ปีที่แล้ว

      Thanks~~~< for watching and don't forget to hit the like button and if want

  • @Armadauzbekistan
    @Armadauzbekistan 3 ปีที่แล้ว +7

    What's the % of energy consumed because of cooling down the machines overall?

  • @ULHIS
    @ULHIS 3 ปีที่แล้ว +1

    There are people at the top rubbing their hands over the people at bottom.

  • @coolkevs2371
    @coolkevs2371 3 ปีที่แล้ว +9

    1:54 - 2:11 thats arrogance right there lol . hes completely lost his mind doesnt know whats emiting carbon footprint and whats not.

  • @Krea
    @Krea 3 ปีที่แล้ว +1

    Embarressing!

  • @tjreal3718
    @tjreal3718 2 ปีที่แล้ว +31

    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 ?

    • @asmauyusuf7802
      @asmauyusuf7802 2 ปีที่แล้ว

      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'

    • @Stella-ej9tz
      @Stella-ej9tz 2 ปีที่แล้ว

      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.

    • @AlanPerez09
      @AlanPerez09 2 ปีที่แล้ว

      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?

    • @thomasharry4862
      @thomasharry4862 2 ปีที่แล้ว

      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..

    • @christophermiya4611
      @christophermiya4611 2 ปีที่แล้ว

      How can someone know a professional trader that is trustworthy when legit ones are hard to find this days.

  • @ianfarquharson3772
    @ianfarquharson3772 3 ปีที่แล้ว +1

    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.

  • @fordskool
    @fordskool 3 ปีที่แล้ว +6

    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.

    • @Citizen-of-theworld
      @Citizen-of-theworld 3 ปีที่แล้ว

      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.

    • @fordskool
      @fordskool 3 ปีที่แล้ว

      @@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.

    • @Citizen-of-theworld
      @Citizen-of-theworld 3 ปีที่แล้ว

      @@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
      @fordskool 3 ปีที่แล้ว

      @@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.

    • @Citizen-of-theworld
      @Citizen-of-theworld 3 ปีที่แล้ว

      @@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)

  • @michaniki1684
    @michaniki1684 3 ปีที่แล้ว +2

    SPRT go BRRRRRRRR

  • @billmurray8252
    @billmurray8252 3 ปีที่แล้ว +5

    And people say bitcoins will never be the future of finance...

  • @FRANK-dy2lp
    @FRANK-dy2lp 2 ปีที่แล้ว +9

    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.

    • @naomieharris3367
      @naomieharris3367 2 ปีที่แล้ว

      Assets that can make one successful in life
      Crypto
      Stocks
      Shores

    • @mohammedleo9812
      @mohammedleo9812 2 ปีที่แล้ว

      @@naomieharris3367 You are right.
      But I don't know why people remain poor due to ignorance

    • @naomieharris3367
      @naomieharris3367 2 ปีที่แล้ว

      @@mohammedleo9812 It's not ignorance but unprofessional broker in the market....

    • @michaelwatson7435
      @michaelwatson7435 2 ปีที่แล้ว

      people are really making a lot of money from it

    • @kelvinrichard6157
      @kelvinrichard6157 2 ปีที่แล้ว

      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.

  • @cervelo9465
    @cervelo9465 3 ปีที่แล้ว +3

    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.

  • @Muziqreborn
    @Muziqreborn 3 ปีที่แล้ว +1

    Seriously??

  • @kash8220
    @kash8220 3 ปีที่แล้ว +3

    Imagine being so off the grid you literally build your own grid

  • @RIXRADvidz
    @RIXRADvidz 3 ปีที่แล้ว +2

    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.

  • @christianjones196
    @christianjones196 3 ปีที่แล้ว +3

    SPRT is gonna rocket