While Europe introduces the idea of blockchain environmental scores, Ethereum uses 99.99% less energy than they did before the merge. These factors together could further misconstrue Bitcoin's narrative with energy. Bitcoin Proof-of-Work (PoW) computational effort is highly unlikely to ever change in regard to it's energy intensive PoW mining. Bitcoin could receive a very poor environmentally rating in comparison to Proof-of-Stake (PoS) blockchains such as Ethereum or Solana.
William Szamosszegi specializes in Bitcoin mining under 100% Green Powered Facilities. Will breaks down the relationship Bitcoin has with energy, and why the PoW algorithm is not only beneficial, but also how it has potential to become Carbon Negative. Will is highly articulate with a burning fire passion for Bitcoin.
Timestamps:
00:00 - Intro
01:30 - William Szamosszegi
04:40 - All Roads Lead to Bitcoin
07:20 - Sazmining Inc.
08:30 - 100% Hydro
09:00 - Machine Ownership
09:50 - Competitive Mining
12:20 - Halving Effect
14:15 - PoW Impact on the Energy Sector
17:05 - Methane Emissions & Going Carbon Negative
21:30 - Built-in Incentives
23:48 - Mainstream Bitcoin Energy Narrative
27:17 - World Reserve Status
30:54 - Regulatory Options
35:55 - El Salvador
38:10 - Stock Market Correlation
39:35 - Mental Health
40:30 - Necessary Reading Material
42:00 - Crypto Ecosystem Progress
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