Recently the founder of Tesla ( TSLA) announced some negative things related to bitcoin, specifically bitcoin mining and its energy consumption. Musk’s comments were tweeted alongside a statement from Tesla indicating that they would no longer be accepting bitcoin as a viable payment for their vehicles. Tesla tweeted:
“Tesla has suspended vehicle purchases using bitcoin. We are concerned about rapidly increasing use of fossil fuels for bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel. Cryptocurrency is a good idea on many levels and we believe it has a promising future, but this cannot come…
On September 23rd, it was reported that the Venezuelan Government would begin to strictly regulate Bitcoin mining and that all mining operations would be overseen by the State. On November 29th, 2020, The Aurora Intel Network released a twitter post depicting the Venezuelan Army installing Antminer S9's-a common (and less-expensive) Bitcoin miner developed by Bitmain and released to market in 2016. Additionally, within the last 3 months, the Iranian Government announced similar oversight of any Bitcoin mining operations that takes place within their borders. From heavy-handed regulations to the nationalization of mining pools, nations that are rich in energy are…
I sat down with Ben BTC Session for an interview discussing what I believe to be the future of bitcoin mining.
Description from BTC Session Youtube page: Energy producers in the oil & gas sector often have to deal with both waste and stranded gas that not only hurts their bottom line but also has a negative impact on the environment. However, industry insiders are waking up to Bitcoin and how it can solve this age-old problem for them. This chat with Denver Bitcoin details how.
I hope you enjoy the interview!
Be sure to follow @ BTCsessions on Twitter!
YOUTUBE LINK TO VIDEO → https://www.youtube.com/watch?v=DuYqydi3fvM&t=1018s
Twitter accounts to follow: https://twitter.com/denverbitcoin https://twitter.com/upstreamdatainc https://twitter.com/SGBarbour https://twitter.com/GAMdotAI https://twitter.com/MartyBent SUPPORT THE SHOW:
Below is a link to the YouTube interview I did with Adam Meister on October 27th.
In this interview we discuss how I learned about bitcoin, how I got involved with mining bitcoin using wasted natural gas, as well as what I see is the future of bitcoin and bitcoin mining.
I had a lot of fun talking with Adam — his energy is contagious and his passion makes every conversation so much fun. Check him out on Youtube afterwards, as well as on twitter @ TechBalt.
I hope you enjoy this interview!!
*Pro tip — you can skip the first minute of this youtube video, Adam Meister didn’t realize he had started the live stream — so theres about 70 seconds of him trying to get everything working on his computer before we actually began the interview.*
Link to live interview: https://www.youtube.com/watch?v=zRHFWBrrHLw&t=2s
Podcast interview I did with 🤫Coinicarus⚡️[➞☣️₿💪🌮🔑] on the Fun With Bitcoin Podcast.
A recap of how I ended up investing in bringing stranded energy to market, as well as a breakdown of how #bitcoin shakes up the economic risk that exists in the energy production & power generation industries.
I hope you enjoy.
Podcast Link Below
Originally published at https://www.funwithbitcoin.com on November 19, 2020.
On August 28, 2020, oil and gas giant Equinor announced that it would be cutting its future flared gas volumes and bringing waste-gas to market by generating electricity and mining on the Bitcoin network. Equinor’s plans involve partnering with Denver-based firm Crusoe Energy Systems — Digital Flaring Technology.
Five months before Equinor’s announcement (on March 5, 2020), Greenidge Generation LLC, a Dresden, New York-based natural gas power plant, announced that it could be making $50,000 per day with its excess energy if it were mining bitcoin. …
News broke on the morning of October 21 2020, that PayPal would grant its users the ability to purchase, sell and hold bitcoin within its app.
PayPal’s stock price rose 4.65 percent on the news, and the bitcoin price continued its rise from $11,400 to $12,700 by midday.
There is no denying that PayPal is a monster in the mobile and digital payment processing space. Since the lockdowns stemming from the spread of COVID-19, consumers and businesses are transacting with cash less often, and more often paying for goods with 1s and 0s from their mobile devices. …
Business Development USA Upstream Data Inc / Founding Partner Stranded Energy Investments / Mining Bitcoin Using Stranded Methane