As such, when most use the phrase ‘green BTC’, they are referring to the use of renewable-energy to power mining operations.
One of the more popular means of tapping in to renewable energy are hydroelectric dams – a practice which has been around for years now.
As such, companies are doing their best to set themselves apart from the pack by appealing to investors desires – one company looking to do this is Ninepoint.
“There’s just no green gold at all.
While not everyone may be a fan of O’Leary, his opinion holds sway among many as he remains a popular personality.
Furthermore, the network provides more than just the capability to store value – one must take in to account the various service providers typically required to facilitate and settle transactions.
Bitcoin can be viewed in a similar fashion – the energy consumption is high, but it is the result of consolidating the impact of many service providers in to one network.
Another factor often overlooked is that despite the power-hungry nature of Bitcoin, there are many regions in the world that have a surplus of energy.
In addition to this, he is a licenced Paramedic in Nova Scotia, Canada.
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