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Bitcoin’s Impact on the Environment

Feb.09 — Tesla’s $1.5 billion bitcoin purchase this week sent the cryptocurrency soaring to a record. Nic Carter, founding partner at Castle Island Ventures, speaks with Bloomberg’s Caroline Hyde, Romaine Bostick and Joe Weisenthal on “What’d You Miss?” about mining bitcoins and its effect on the environment.

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Feb.09 — Tesla’s $1.5 billion bitcoin purchase this week sent the cryptocurrency soaring to a record. Nic Carter, founding partner at Castle Island Ventures, speaks with Bloomberg’s Caroline Hyde, Romaine Bostick and Joe Weisenthal on “What’d You Miss?” about mining bitcoins and its effect on the environment.

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12 Comments

12 Comments

  1. يمنية تعزية

    February 11, 2021 at 5:42 pm

    السلام عليكم اني اترجاك واتوسل اليك يا اخي ان تقرا رسالتي هذا كامله ولا تتركها. بدون ما تقراها.
    .
    اخي اول كلامي اقسم بلله علا كتاب الله اني لا اكذب عليك ولا انصب ولا احتال اني بنت يمنيه نازحين من تعز اني واسرتي وعلينا اجار بيت الشهر ب13الف يمني ولان علينا 39الف حق 3اشهر وصاحب البيت من الناس الي ما ترحم والله يا اخي انه يجي كل يوم يبهدلنا ويتكلم علينا ويريد يخرجنا من البيت للشارع لاننا ما قدرنا ندفع له الاجار وما يروح الا بعدما نبكي ورجعوا تكلموا عليه الجيران ومهلنا لاخر هذا الاسبوع واذا ما دفعنا له حلف يمين بلله انه بيخرجنا الى الشارع بدون رحمه واحنا اسره ايتام فقراء مشردين من بيوتنا بسبب هذا الحرب ولا نجد قوت يومنا وعايشين اني وامي واخوتي سغار والدنا متوفي الله يرحمه وما معنا احد في هذا الدنيا يقف بجانبنا في هذا الضروف القاسيه وما معي اخوان كبار اني الكبيره في اخوتي ولاكن اني بنت لا اتسطيع مثلك ان اروح اشتغل بين الرجال واصرف علا اسرتي والله ثم والله يا اخي اننا قد لنا يومين محرومين من لقمت العيش ومعي اخوان صغار انظر كيف حالتهم اقسم بلله يا اخي انهم خرجوا من البيت للشارع وشافوا الجيران ياكلوا راحوا وقفوا عند بابهم لجل يعطوهم ولو خبزه يابسه يسدوبها جوعهم والله الذي له ملك السموات والارض انهم غلقوا الباب وطردوهم ورجعوا يبكوا ايموتوا من الجوع ما احد رحمهم وعطاهم لقمت عيش ولان لوما احد ساعدنا بحق كيلوا دقيق اقسم بلله اننا انموت من الجوع فيا اخي اني دخيله علا الله ثم عليك واريد منك المساعده لوجه الله واسالك بلله يا اخي لو انت مسلم وتحب الخير واتساعدني ولو ب500ريال يمني ان تطلب اسم بطاقتي وترسلي ولا. تتاخر وايعوضك الله بكل خير فيا اخي انت رجال اذا شفت اسرتك جاوعين تعمل المستحيل من اجل تامن لهم الاكل ولاكن اني بنت عيني بصيره ويدي قصيره ليس لي اب مثلك واخواني سغار شوف كيف حالتهم وساعدنا وانقذنا قبل ان يطردونا في الشارع نتبهدل او نموت من الجوع هذا رقمي واتساب 00967715650030الذي يريد مساعدتنا لوجه الله. يراسلني واتساب اني اقسم بلله الذي رفع سبع سموات بلا عمد وبسط الارض ومهد اني لا اكذب عليك بحرف من هذا الرساله واني ما طلبتك الا من ضيق ومن قسوت الضروف والحال الذي احنا فيه اني واسرتي نسالك بلله يا اخي انك توقف معنا تذكروا قول الله سبحانه وتعالى( وفي اموالهم حق معلوم للسائل والمحروم صدق الله العظيم،)، ساعدنا الله يحفضك وييسر اموركم

    • Bertrum The God

      February 11, 2021 at 5:47 pm

      noodle

  2. mrpmj00

    February 11, 2021 at 5:56 pm

    Tesla’s Bitcoin investment is bad for the company’s climate reputation…ironic
    Bitcoin is a ponzi scheme.
    Companies (Tesla, square) that can’t collect payment in real fiat money are turning to collecting monopoly toy money like

    Bitcoin
    Tesla’s signs of desperation by buying bitcoin

  3. mrpmj00

    February 11, 2021 at 5:56 pm

    Companies (Tesla, square) that can’t collect payment in real fiat money are turning to collecting monopoly toy money like

    Bitcoin

    TESLA AND BITCOIN ARE PUMP AND DUMP

    Tesla’s Bitcoin investment could be bad for the company’s climate reputation…ironic

    Bitcoin is a ponzi scheme.

    Bitcoin is bad as money. Imagine u offer to buy a house for $300k, at closing a week to a month later, bitcoin wildly

    fluctuates so either the buyer or seller is going to be PISSED OFF. WHAT STORE OF VALUE???

    bitcoin is worth nothing to most people because If someone wants to buy my house or car and wants
    to pay me with bitcoin, I’d say GO AWAY and don’t come back until you bring fiat money.
    Bitcoin and Tesla SPECULATION are gambling, not investing.

    The government needs to create a law that forbids companies from buying bitcoin.

    Bitcoin is not government insured if your money is stolen.
    Bitcoin is favored for illegal activities: druglords, money laundering, child porn, human

    trafficking, payments to Twitter hackers

    use-of-digital-currencies-to-launder-money-idUSKBN28J1IX

    turn-to-crypto-to-clean-up-their-cash

    cryptocurrency-transactions-11608329785

    laundering-ransomware-funds/

    bitcoin-on-the-dark-web/

    The carbon footprint of mining and the over all control that China has over this system.

    Yes people, more than 60% of the mining power is located in china.

    BTC is an “environmental disaster” as it consumers as much power as the entire country of Switzerland.

  4. John Smith

    February 11, 2021 at 6:01 pm

    He’s quite smart

  5. R Pupytes

    February 11, 2021 at 6:16 pm

    ($TXL) MADE IN GERMANY For a new era of DeFi, payments & banking.

  6. Zauren Stoates

    February 11, 2021 at 6:44 pm

    Any way you sugar coat it bitcoin still uses over 700 kwh for a single transaction. I know ethereum is attempting to fix this with proof of stake but that much energy use per transaction is unsustainable and frankly a horrible side affect

  7. M Ant

    February 11, 2021 at 6:59 pm

    Lol a kid saying that academic peer reviewed papers, that are available in scientific top platforms, get it all wrong. This isn’t news, this is a scammy misinformation propaganda spot. Bloomberg has really dropped their standards.
    When the price goes up the energy consumption goes up! Its math and its calculated with basis on predictable protocol analysis.
    Saying that BTC has less environmental impact because the energy used is hydroelectric is IDIOTIC.
    No system is capable of scaling if the growth factor is directly correlated with energy spending and production centralization.
    YOU GUYS ARE JUST A BUNCH OF USED CAR SALESMAN’S!

  8. Eric P

    February 11, 2021 at 7:23 pm

    Finally, media puts someone on that explains this, instead of parroting the “dirty mining” myth.

  9. alex F1

    February 11, 2021 at 7:35 pm

    stupid discussion for the media

  10. Sergi Medina

    February 11, 2021 at 8:59 pm

    That’s yet another problem with Bitcoin and other “mined” cryptos, and in fact the worst one. If you want to throw away your money that’s fine, just don’t fuck up the planet for everybody else! Disgusting…

  11. Nick Schroeder

    February 12, 2021 at 12:03 am

    1) By reflecting away 30% of ISR the albedo, which would not exist w/o the atmosphere, makes the earth cooler than it would be without the atmosphere like that reflective panel set on the dash. Remove the atmosphere/GHGs and the earth becomes much like the moon, a barren rock with a 0.1 albedo, 20% more kJ/h, hot^3 on the lit side, cold^3 on the dark. Nikolov, Kramm (U of AK) and UCLA Diviner mission all tacitly agree.

    2) the GHG up/down welling, “trapping”/”back” radiating/delaying/intercepting, 100 % efficient, perpetual warming loop requires “extra” energy which according to RGHE theory it gets from

    3) the terrestrial surface radiating that “extra” energy as a near ideal .95 emissivity black body which

    4) it cannot do because of the non-radiative heat transfer processes of the contiguous atmospheric molecules.

    1+2+3+4 = 0 Greenhouse Effect + 0 Greenhouse gas warming + 0 man caused climate change.

    All science backed up by experiment, the gold standard of classical science.

    Version 1.0 021121 bitcoin

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The DOJ Goes After Google Chrome | Bloomberg Technology

Bloomberg’s Caroline Hyde discusses the DOJ’s push on Google to sell off its Chrome browser over concerns of a “search” monopoly. And, Roblox aims to enhance its child safety policies with the aid of AI. Plus, SpaceX hopes for a “catch” repeat as it readies to launch its Starship rocket with President-elect Trump in attendance.…

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Bloomberg’s Caroline Hyde discusses the DOJ’s push on Google to sell off its Chrome browser over concerns of a “search” monopoly. And, Roblox aims to enhance its child safety policies with the aid of AI. Plus, SpaceX hopes for a “catch” repeat as it readies to launch its Starship rocket with President-elect Trump in attendance.

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Roblox Issues New Safety Features

Matt Kaufman, chief safety officer at Roblox, joins to discuss new AI features and precautions being deployed by the popular online game as it faces increased scrutiny by parents and users. He speaks with Caroline Hyde on “Bloomberg Technology.” ——– Like this video? Subscribe to Bloomberg Technology on YouTube:   Watch the latest full episodes…

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Matt Kaufman, chief safety officer at Roblox, joins to discuss new AI features and precautions being deployed by the popular online game as it faces increased scrutiny by parents and users. He speaks with Caroline Hyde on “Bloomberg Technology.”
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Navrina Singh, CEO of Credo AI, details the company’s latest partnership with Microsoft and the future of AI under a second Trump administration. She joins Caroline Hyde to discuss on “Bloomberg Technology.”
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