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In this video, I continue to discuss the recent New York Times hit piece on Bitcoin mining, as well as the role that renewables, hydrocarbons, and nuclear power generation play in electrical grids.

I also argue that it's unfair to single out certain industries that use the same electricity that everyone else is using.

Bitcoin mining can help to incentivize building out an electrical grid that is ready for peak demand, while monetizing some of that electricity production when no one else needs it. Bitcoin miners are much more flexible in this way than are data centers or other heavy users of electricity.

Electrical grids cannot be run exclusively using solar and wind production sources. You need either really good batteries (which we are years away from having), or you need to use something like natural gas or nuclear which is a non-intermittent source.

Not investment advice! Consult a financial advisor.

NYT Attacks Bitcoin Mining (Hit Piece):
https://www.youtube.com/watch?v=BY8D0Eus4LA&ab_channel=BitcoinUniversity

Bitcoin mining has zero carbon emissions:
https://twitter.com/RiotPlatforms/status/1645473961004892162

The Real-World Costs of the Digital Race for Bitcoin:
https://www.nytimes.com/2023/04/09/business/bitcoin-mining-electricity-pollution.html

New York Times Building demand response program:
https://facades.lbl.gov/newyorktimes/nyt_demand-response.html

China’s Climate Goals Hinge on a $440 Billion Nuclear Buildout:
https://www.bloomberg.com/news/features/2021-11-02/china-climate-goals-hinge-on-440-billion-nuclear-power-plan-to-rival-u-s

Bitcoin Mining Council Q4 2022 report:
https://bitcoinminingcouncil.com/wp-content/uploads/2023/01/BMC-Q4-2022-Presentation.pdf

Why Bitcoin Mining Is Good For The Environment:
https://www.youtube.com/watch?v=-j4cXA09Dz0&ab_channel=BitcoinUniversity

New York Times Regrets Pumping Bitcoin Price, Will Focus Future Effort On Starting War Instead:
https://the-bitcoin-bugle.ghost.io/new-york-times-regrets-pumping-bitcoin-price/

I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.

My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

#Bitcoin
#bitcoinmining
#climatechange

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