@AtlasPulse That’s right. The Energy required for Gold extraction is mostly from fossil fuels, so it has a much higher environmental impact and emission intensity than bitcoin mining, which is fully electrified, and does not leave mercury or arsenic in the local land and water supply.
By acquiring gas-fired power plants, TotalEnergies will serve the energy demand of Houston & Dallas. By offsetting the intermittency of renewables 🌬️, it will help to deliver energy that is more available, affordable, and sustainable for customersBy acquiring gas-fired power plants, TotalEnergies will serve the energy demand of Houston & Dallas. By offsetting the intermittency of renewables 🌬️, it will help to deliver energy that is more available, affordable, and sustainable for customersBy acquiring gas-fired power plants, TotalEnergies will serve the energy demand of Houston & Dallas. By offsetting the intermittency of renewables 🌬️, it will help to deliver energy that is more available, affordable, and sustainable for customers!
Did you know that Bitcoin Mining can actually be good for the environment? Check out my latest two minute video on stranded gas mining and its power to mitigate methane emissions.
Shoutout to @GigaEnergy_ for the stunning photos!
Terrific preprint on bitcoin mining’s impact.
It doesn’t say “bitcoin mining is good for the environment.”
It says—reviewing 128 studies—that our research on this question is egregious and feeding dangerously into further academic papers and of course, negative press.
The problem with central planning isn’t a lack of available compute - common fallacy believed by neo socialists
It’s that individual (economic) motives are necessary to create information (prices) which determines resource allocation
Throwing compute at the problem does nothing. Read your Hayek!
New academic study from Cornell verifies what our industry has observed first-hand: Bitcoin mining can use surplus renewable energy from renewables installations prior to grid integration to boost their economic viability
Thanks to @jyn_urso for a wonderful convo this morning about modeling ASICs as cellular automata, recognizing vs. predicting phenomena in the resulting emergent system, miners as super-cockroaches where when you kill one, another is born, how portable bitcoin miners really are, etc.
You are a special one, Ms. Paez. 🙏