Does Bitcoin Mining Waste Energy?

Get the "Ultimate Guide to Bitcoin" course:
https://www.trader.university/courses...
Use the discount code YT99 to get the best price.

In this video, I discuss whether Bitcoin mining wastes energy.

I conclude that Bitcoin mining does not waste energy, for two primary reasons:

1) Bitcoin mining rigs are incredibly energy efficient, and continue to get more energy efficient over time;

2) Bitcoin mining is a worthy use of energy, because Bitcoin provides a unique form of neutral and ethical money that cannot be captured, controlled, debased, or censored.

Appointing an "energy czar" to tell everyone what is and is not a good use of energy is a slippery slope, and probably not very market efficient.

Bitcoin is money that:

1) Cannot be debased.
2) Cannot be censored.

I think that's at least as good a use of energy as Christmas lights

Not investment advice! Consult a financial advisor.

SHA-256 hash calculator:
https://xorbin.com/tools/sha256-hash-...

J/Th efficiency over time for Bitcoin mining rigs:
https://bitcoinminingcouncil.com/wp-c...

Private jet emissions quadrupled during Davos 2022:
https://www.theguardian.com/environme...

Bitcoin Mining Uses Less Energy Than Christmas Lights:
https://mawsoninc.com/bitcoin-mining-...

Declining purchasing power of USD over time:
https://www.visualcapitalist.com/wp-c...

Nigerian Army Killed Unarmed Protesters:
https://www.nytimes.com/2021/11/16/wo...

Nigeria's central bank freezes accounts of police brutality protesters:
https://www.reuters.com/article/niger...

I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.

My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

#bitcoin
#bitcoinmining
#energy

Disclaimer
Neither Trader University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video or at www.Trader.University (henceforth, “the Site”) should be construed as such by you. This video and the Site should be used as educational tools only and are not replacements for professional investment advice. There is a high risk in trading.