Elon Musk is WRONG About Bitcoin Mining in 2021 (Worst Environmental Hazards)
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Crypto mining has been getting a lot of negative press over the past few months with but new FUD has entered the mainstream now that institutional players are getting more vocal with their criticisms. You’ve see the headlines and billionaire twitter arguments and they all center around one thing: Proof of Work mining; specifically Bitcoin mining. The concern is mining is using an outsized amount of electricity and contributing to the impending doom of the planet. In this video, we break down the data and take a hard look at the facts of the Bitcoin network and its environmental impact. Stick around to the end of the video to get my take on what the sustainable future of Bitcoin will look like.
1:34 Common Terms in Crypto
3:16 Power Consumption
4:04 Elon Musk FUD
5:49 BTC vs Other Financial Sectors
7:03 Green Energy Solutions
8:19 Future of Bitcoin
9:06 Proof of Stake
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