@@roward3030 ppppp

K koi(p loo k[o[ooo[k>[>I kiki iiika. L

It launched in CHINA 🇨🇳😳 ALL BAD!!

China banned Bitcoin mining because China must Always have the upper hand on Big Business for the benefit of ALL Chinese. But here in America, where Big Business has always had the upper hand on Govt, Big Business was able to pack up Manufacturing and take it abroad, leaving many Americans stranded. This de-industrialization was not allowed to happen in the Socialist Democracies of Europe because they, like China actually care about their People. It looks like China banned bitcoin mining because it's such an individual activity that Govt Control, and the future of the Chinese Economy was out of their hands. Bitcoin mining is a Laughable replacement for a Manufacturing Base, and the Capitalists behind it will find a way to use it to Screw average Americans like American Big Business has done since 1776. Capitalists don't operate for the benefit of the cities where they reside, as the American Rust Belt attests. Neither will these Bitcoin mining Companies so it's just a matter of time before they Screw the American Public just like the factory owners did.

not a great name for this segment. kzfaq.info/get/bejne/kKyfdKln0b-amX0.html

this is the best advice I've seen so far, but talking about that service, I have much about them. sadly I didn't get to put much interest when I found out that have saved about 3% of bitcoins holders, who understand what bitcoin mining is. i hope to get started with them next month.

Wow, it is so evident that people are finding the fundamental strategy of gaining more instead of losing. I have been mining with this company for a year, and my investment has been really spiced up with my daily rewards. I made 20k worth of BTC with them for the last 1-year of mining using their service.

Oh, so yall use tech host farm mining service? I am amazed by the comments. my rewards with their custom machine when I rented miners for a year contract was crazy.

@@juanignaciofernandez4280 lol i just got started today haha, I was introduced by my brother inlaw. what a coincidence. happy to see these comments. i heard that the custom miners is the best and more prudent to generate profits.

this is the best advice I've seen so far, but talking about that service, I have much about them. sadly I didn't get to put much interest when I found out that have saved about 3% of bitcoins holders, who understand what bitcoin mining is. i hope to get started with them next month.

#SELF-OWN

Theres still mining in China.

Unbannable like torrents my dude, you got a lot to learn

No. Because he was ABLE to move it somewhere else. What you are talking about is disruption, not cessation. P.S.: China still has 20% of the world's hash rate for bitcoin. Some banning, eh?

You can ban torrents easily. Internet provider can simply block any torrents.

Exactly, a currency controlled by corporations... nothing bad is going to happen with something like this... sarcasm...

10 years ago it was 2-5

Like the drug business when one steps out the next steps in. u telling me people don’t like money? If they stop productions of bitcoin prices skyrockets nd gives people more insenttive to mine it why wouldn’t u keep mining. it’s stupid to think it’s centralized

I believe node operators is what creates the decentralization. The miners do the work but the node operators are the ones who verify that the miners are following the rules

It’s decentralize because it still need Consensus to validate each transaction action more miner faster consensus. The company who mine does not effect how the underlying decentralized system. They just have more miner to gain more coins from the hash rewards

°°° ✍️✍️✅

Thanks for the insight :)

Economies of scale my friend. 30k of these machines netting you $160 each is over 4.8 million USD a month. Probably 33% of what they made in China, but still a very healthy 50 million a year.

@@perp1exed Sure, if you can manage to find 88 MW of power you can feed these 30,000 machines and have them run for a full year before you even recoup your hardware investment. Not to mention the space you need for this many ASICs. The average amount of power for a household in the U.S. is about 900 kWh/month, or 1.2kW of constant use. 30k machines at 2,920W is the equivalent of 73,000 homes. So yes I suppose that if you consume this absolutely insane amount of power you can make some money. I highly doubt there are many mining operations of this size though, since with about 200m TH/s for the full network, it would represent over 1% of the entire BTC network.

This forces miners to search for "free" energy, which is 👍..another factor is that the decrease in profit flushes out less efficient participants

The same could be said about data-center and the internet in its entirety. Still, it's here and nobody asked for it. The world was running fine in the 70s or 80s before there was the internet. So, we might as well shut it down and use the energy for something else (like powering our Walkman or cassette-player).

@@tomasviane3844 This argument is a canard. Have heard it many times. First, data centers do not use electricity (per server unit) ANYWHERE near on the same scale! Internet and cloud servers are made to be energy and processor efficient by design. Crypto miners are brute force processors that operate their processors full tilt to number crunch. And second, internet servers and their equipment actually serve a very concrete and useful purpose. They directly and visibly contribute to making what life is right now possible. Crypto mining equipment is not even in the same league.

I think you underestimate the purpose and value of bitcoin.

@@crp5591 Hard, secure and sound digital money (bitcoin, not shitcoins) is the most important innovation in the past 20 years. Energy consumption is an indicator of progress. No one should tell anyone how much energy they can use or produce. We can talk about what resources we use for our energy consumption, but not how much any industry or individual should consume. We live in a free world. If you don't like it Russia or China surely has a place for you.

@@aceyage People get tricked out of their digital monopoly-money on a daily basis, with no recourse on recovering. I really fail to see what purpose it serves, even discarding all the various downsides, alongside the ridiculous expenditure of electricity to mine them. What does cryptocurrency and the blockchain provide, that isn't already being done in vastly more efficient ways by other things? It's, quite simply, just an investment vehicle, something to buy and sell for actual money in the hopes of making a profit.

God bless these negligent business owners, without them the pen-testing industry would suffer! 😁🤣

Me…..

somehow I don't think the crypto industry his entirely square. I wouldn't be surprised if they didn't have connections with the underworld that ran deep.

Don't give me ideas, I'm broke

@@Muhammad-sx7wr 100%, it’s already been shown that crypto is being used for money laundering and historically drug purchasing, etc

Niagara falls is hydro....

@@davidjiannotti1537 I don't think they watched the video.

I've been trying to hire a professional. After all, it's what people do, they get more experienced persons to do the job but I can't find anyone I can trust.

Speaking of investment. I know I am blessed if not I wouldn't have met someone who is as spectacular as Mrs Rachel Catrina

Same here it's four months now I started trading with her and it's been a great experience

I truly agree with you on that, I must say crypto is the future and with the way Btc is climbing, it's really advisable for people to invest in it now.

Wow

Because crypto isn't just bitcoin and proof-of-work.

Did you actually watch the documentary? You seem to have no idea about what decentralization means in crypto...

Cry me a river

@@TastyTardis Yes, you also have all the pyramid scheme coins.. and meme coins. That's innovation. Let me know when crypto produces useful. Considering how much resources it waste, it really would have to produce something really spectacular at this point. But all it generates, is pyramid shame after another.

@@Nobody-Nowhere HSBC and other major banks are developing their own cryptocurrencies for them to use internally because its safer than their own money tracking system. BTC had already made huge things, it has made thousands of new millionaries, it made the first social coin and is changing how business are made, before bitcoin any type of transaction had to go through visa or mastercard, and if your business was banned from using them, well though luck. Now transactions can be made through any crypto currency.

Alicloud's host is immersed in water for cooling.

Or they don't. Most rely on passive cheap setups. They're profitable and don't see catastrophic failures.

Making money is the plan and with Bitcoin your plans can be accomplish,

I really appreciate Mr Sam Justin influence during this global pandemic lock down,

Bitcoin trading is the best when you are on a profitable based platform,

I started with 7000usd then increased to 13000usd after receiving my profit.

That is true I've been trading for years and it has been my source of income,

Yeah, that's why i flipped to xrp

@@graveripper69 🤣

Doesn't an unregulated market almost always lead to a monopoly due to economies of scale?? So the more machines that are mining means less btcns per machine right?? Ohhh its definitely gonna blow up 🤣🤣 Also i heard that its a "consensus" based system where as soon a company gets to 51% of the market then its toast right??

I really appreciate Expert Albert Renshu influence during this global pandemic lock down.

I started with 7000usd then increased to 13000usd after receiving my profit.

It's fascinating knowing that someone here employed expert Mr Albert Renshu service.

Mr Albert Renshu has really made name for him self.

Here are his contact details

YES!

​@@carolinem1698 The fact this concept has become so common place underlines how much it's being pumped by the fossil fuel industry.

@@jackiepie7423 actually, up to 60% of crypto mining is done with renewable energy, you may have missed the segment at the beginning where they repurposed an old coal facility, cleaned it up and are using Niagara Falls hydroelectric. The entire mining process incentivizes lowering your energy costs to stay competitive. The people propping up Big Oil would be the members of our society that seem to need a brand new SUV or 8 MPG truck every year. But I'm sure you drive 5 to 7 days a week with no concern.

@@Panda-ws7cp That's still 40% of the waist of energy going to the Fossil fuel industry, assuming your figures are correct. As for the SUV's you are %100 percent correct. As for my driving habbits you are laughably wrong lol. I have never and will never ruin the roads with my own personal toys. You gotta think big and loner range than the next pump and dump.

@@jackiepie7423 My point is that you most likely eat meat produced from methane emitting livestock, fly and travel using jet fuels for vacation and get packages shipped to your door that travel using oil powered vehicles and cargo ships. There are 7 billion people and we use a lot of energy, to nitpick such a small fledgling industry such as crypto to try and make a point about fossil fuels is virtue signalling nonsense.

I'm with you. The flip side is that they're focusing on buildings and locations that are already economically distressed. If you have a product or service that could make use of that renewable energy, I'm all ears.

Just gotta keep dreaming I guess.

What do you think crypto is ? #onlinefinancialinfrastructure

The bitcoin network is a service. It's a service that makes central banking obsolete. Central banking is the reason the economy is a complete pile of dogshit, and is likely only going to get worse over time. Now explain to me why it's bad to pursue innovations that could overthrow the corruption of the modern economy.

@@user-tu2dr3ny6x First, you'll have to explain the "the economy is a complete pile of dogshit" statement.

Its about the community 👌

@@bestbotreview lol if that’s the only way to get a community then I’m fine being without

the worlds first egalitarian monetary network has no value? maybe your brain has no value?

@@bestbotreview wow so coool, wait, what community?

you seem salty ;)

Hahah

It means you cant remove bitcoin from existence unless you remove internet.

You have zero clue what you are talking about. China has tried to ban Bitcoin 3 times now unsuccessfully 😂

Fun fact: China currently has more than 20% of the global bitcoin hashrate despite the ban. So how exactly did they "successfully" ban it?

Crypto bros and deluded

shares are really positively changing people's lives all this i learnt through Thomas Anton.

Earnwithanton

Thomas Anton has helped a lot of traders & newbies out there, and with their program one can recover losses from crash so quickly. He is truly a blessing in my live

that's why hydroelectric power is used; it's generated domestically & the fuel isn't running out anytime soon

That doesn't explain why trading is banned there as well. The CCP doesn't want any of its citizens involved in crypto because it would be harder to track where the money is going. They want to maintain control of people's finances.

@@xuem19 i need to find plans to build hydroelectric. there is a british guy who lives out in the woods who made his own hydroelectric using a nearby creek and an out house.

@@cl6107 Yeah they only want their own currency to make it Stronger then the Dollar(but it’s not yet(worldwide)). That’s why it’s so hard to clean Yuan into Dollars. Crypto was making it easy. Fun fact all China’s Middle Class Population is the almost same as the entire U.S population. Which is Amazing & seems like the CCP is doing something Right

Bitcoin's climate impact and ESG. 76% of miners use renewable energy sources. 39% of total Bitcoin miner energy consumption comes from renewables. Bitcoin is greener than most major industries! There more of an incentive to search for green energy because it tends to be cheaper-better margin for running a mining business.

I came here to learn how to trade after listening to this video I'm still confused, I'm a newbie and I'm open to ideas.

@@rubenanita965 The best strategy to use in trading is to trade a professional who understands the market quite well, that way maximum profit is guaranteed. Because I have learned along the way of my investment that research and analysis are important, note that experience is more needed, than luck when it comes to the financial market.

@Mark Stanley Yeah you're right, most times it amazes me greatly the way I moved fro an average lifestyle to earning over $62k per month, utter shock is the word. I have understood a lot in the past few years to doubt that opportunities abound in the financial markets, The only thing is to know where to focus.

@@dorisjones4584 Wow buddy, that's more than a mouthful of profits you're making. How do you achieve this feat consistently? You must be a genius in trading.

@@kendrickbills7907 Anyways not actually, what I know about trading almost on zilch lol. I make huge profits on my investment since I started trading with an Expert, her trading strategies are top notch coupled with the little commission she charges on her trade.

They didn't control bitcoin. They didn't cause any damage to bitcoin.

You cant control it. Chinas government will just not let it be use as currency in there country

Bitcoin and all crypto mining will eventually fall to nothing. It's a pyramid scheme, trading something of literally no actual value to idiots who only hope that the next moron that buys it from them does so at a price higher than what they paid. That's a recipe for something that is doomed to fail, no question, just a house of cards waiting to fall.

and soon by us citizens

renewable energy.

Yeah, that dude unironically talking about the coal plant and the 'dirty carbon footprint' it had. Jackass, you are blowing electricity to mine a fake thing. You have a dirty carbon footprint.

Let's communicate:::

Btw, for any non-crypto folks reading this you will need a min of 30-40 hours of study to even be a starter in this field. Bitcoin and mining is less than 5% of this field so there is something for everyone. Its huge and one month in crypto land a lot of tech can change. Thats why bankers hate the field they are being replaced as we do not need their $500,000 buld and and $150k a year salaries. Thats how we can pay 8-15% interest in DeFi. DAO's are making movies and replacing corporations and NFT's have already sold 3 real estate transaction (Prop) on the ethereum blockchain in Tampa Bay for $600,000. NFT's have helped struggling artists and musicians reap their fair share o profits.Its incredible folks but you have to learn on your own...

​@@deepcoder1845 the trouble is all smart contract blockchains are highly centralised even ETH which heavily rely on Infura and Amazon Web services!

Do something then

@@deepcoder1845 You didnt know yet that all NFT's are a scam? Litterly the whole concept is a scam, the images are not stored on the blockchain, wich is supposed to be the whole point of it all....... read up on it......

bitcoin is mined by ASICs not gpus... eth will soon be migrating to proof of stake, so your precious gpus will be cheap soon (unless inflation and more worldwide pandemics have anything to say about it lol)

if you dont understand it maybe it appears that way to a simpleton 🤣

@Mr.1337 They may not have total control but the more resources you have the more you are able to mine and hoard. It's about selling to the next gullible person like you. There's no real value or use for the coins if it's not usable to buy things like dollars can. People were fooled into believing it's worth so much. It's entirely based on faith. The entire goal of most buyers is to sell portions of their holdings at a later time for big profits to fools who believe the price will continue to go up so they can sell for profit to fools who believe the same, and so on for infinitum. That has the spirit of a ponzi scheme even if it isn't exactly one.

government issused bonds are a ponzi scheme

Well said! I am also here to learn how to invest after listening to a lady on tv talk about the importance of investing and how she made 7 figure in 3 month, somehow the video taught me nothing and left me even more confused, I'm a newbie and I'm open to ideas on how to invest for retirement

@@ericalorraine7943 lookup Priscilla Dearmin-Turner, this is her name online, she's now the real investment prodigy since the crash and have also help me recovered my loses

@@ericalorraine7943 Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future

@@davidhudson3001Thank you, i just lookup her name online and found her qualifications on FINRA and SEC, she seems really solid. I already leave her a mail on her webpage🙏

A news host spoke so highly of💕 Priscilla Dearmin-Turner and her loss prevention strategies been trying to get to her ever since didn’t know she was so accessible here

yep, and they go to republican controlled state too.

I like how it's always someone else's fault that you aren't successful yet.

Yeah?? If you are able to do it, then Why not do it??? shits free money😂😂😂. Early Bird gets the Worm

@ the replies, at least you guys are honest about not having a sense of morality or ethics. i suppose it’s moderately better than lying to yourself and the negative influence you have on the world

@@jakeing0ff morality and ethics doesn't feed my family.

The decentralization of Bitcoin isn't about the mining, it's about running the nodes that check if all transactions are legit. Running a node does not need a lot of energy. The people that run nodes (everyone can do this) are sort of the bankers of the system without getting the information about the transaction. That's what they mean with decentralization.

@@tomasviane3844 pedantry

Have you read the BTC whitepaper? You're confused about the function that miners have in the system.

I agree, at some point I thought this was an infomercial. They definitely left out the real reasons why China kicked them out and then barely mentioned Kazakhstan's sudden new rules to allow mining there.

It's entirely decentralised.

Crypto is a scam, that is used by the ultra rich, criminal organization, and Rouge nations to wash money and scam working class out of their money. It also is a great polluter.

Look up Matt Binder and the scam economy if you really want a deep dive on crypto.

Its not a fiat currency because its not legal tender offered by a national bank. In theory theres a limited and finite supply in bitcoins. So it cant be debased or devalued. Once its all mined, thats it. Thats all the bitcoit there will ever be. Its value is its completely anonymous nature and its independence. Same reason physical cash money is valued in many transactions. But theres no easy way to email and transport large amounts of cash around the world anonymously.

its not a fiat currency, thats why you need to use energy and its not that much about 0.05% of the worlds energy which is less than clothes dryers in the US. not everyone in the world has clothes dryers, using one is privileged.

salty much

Just have a look how much electricity washing mashines are using/year and compare that to Bitcoin’s use of electricity. Or even worse: compare it to the evironmental impact banks are having. Bitcoins impact is almost 0 compared to them

To counter, I would argue that in 5 years time you won't be able to have a conversation about green energy without simultaneously having a convo about btc

Those coal generators have decades worth of coal piled up next to them. That coal is oxidising in open air. Using it reduces emissions.

@@THEiNetGamer Comparing crypto's energy usage to legacy banking is fair, but consider how much higher the market cap is for fiat currency and how many more transactions legacy banking handles. In total, the Bitcoin network consumes (conservatively) around 500 kilowatt-hours per transaction. A single wire transfer or credit card transaction from a legacy bank uses around 2 watt-hours on the backend, even taking into account the energy overhead needed to run a credit card company.

People are scared of investment because of high rate of scammers on the market

@@malikraj1252 But of a truth they are scammers but brokers are out there too waiting for investors. So don't be scared of giving any one a try.

talking of being successful!l think that am blessed because if not I wouldn't have met someone who is as spectacular as Expert Mrs Sophia

I totally agree! Investment has also changed my life financially and I have heard a lot about investments with Expert Sophia and how good she is, please how safe are the profits?

Wow! How's that possible please I'll appreciate your assistance on how to go about it.

Law of the jungle thats what crypto bros want

Equality is self attained. If your looking for things to just be fair and equal for everybody all over the world ... IT AINT GONNA HAPPEN, DECENTRALIZATION IS THE ANSWER AND CRYPTO PROJECTS THAT STICK TO THAT WILL BE SUCCESSFUL. LONG LIVE "BITCOIN" THINK ABOUT IT, THE CHINESE COMMUNIST PARTY PUT A BAN ON BITCOIN, BECAUSE BITCOIN GOES HAND N HAND WITH FREEDOM , INDEPENDENCE, FINANCIAL SUCCESS, FREEING YOURSELF FROM THE RAT RACE.. OFCOURSE THE TOTALITARIAN DICTATORS OF THE CHINESE COMMUNIST PARTY DONT WANT ANY OF THERE PEOPLE THINKING THEY CAN BE FREE. BITCOIN!!!!!!!!

"Crypto has only served to show that if people are not governed inequality will always develop". I honestly don't mean to be rude when I say this, but this as about as naive of a statement as you can make. Governments are made of people, and people are corruptible. Then there's also the fact that government has to use violence in order to enforce it's laws. If there are no cops that will force me into handcuffs and lock me into a cage for breaking the law, then there are effectively no laws. How exactly do you expect an institution with a monopoly on violence to promote equality? As Tom Cartwright responded, nature abhors equality. You want to really understand how corrupt the current system is, spend some time studying the history of money, and the evolution of central banking. Afterwards, study bitcoin. Assuming you're an honest person, your entire perspective of history will shift massively. Money is the very foundation of all societies after all, therefore monetary policy affects every single aspect of society.

So you think with governance then there is no inequality? It's BUILT IN! The people being goverened are automatically unequal to the governors and there is 0% chance that the people being governed would ever be equal among themselves either. Inequality is an absolute certainty.

Accurately so... Supposed principes of decentralisation couldn't translate to human behaviour, but there is plenty to learn as well as opportunities.

Cryptocurrency mining, especially bitcoin is bound to disappear because of its very high energy consumption to render a service that can emit low level of CO2 otherwise. At this point it is criminal to still authorize it as it produces nothing useful and consume vast amount of ressources.

depends on what you consider to be a waste of energy. what about the football games? any advanced civilization is going to use energy anyways, its not a bad thing. we'll eventually get to the dyson sphere

@@beefyogurt I'm sorry but do you understand that the value of bitcoin is derived from doing arbitrary calculations that require power and computation? it by definition is a waste

@Not Convinced how about all those fancy stores in every big city, with full lighting, neons, heating... it is surprising how much that kind of facility needs energy , just for shopping pleasure. It can be apple store, mcdonalds or clothing store. Some of these keep lights on 247. It is similar use of energy to gain dollars than mining bitcoin, regular farming and so on.

not think so,cuz USA gave up their manufacture,so no work force can make products like china

Half as profitable

@@Eric12886 That's not how profitability works, there is a floor.

They spent months editing

It'll be ultra profitable after the next Bitcoin Halving event. Scheduled to happen in May or June 2024.

#FreeHawaii #FreeLatinos #FreePuertoRico

It's kinda weird that at 8:13 and 9:14 she asks the mayor the same question and he gives two different answers lol. Which stance do you think they are biased towards? Overwhelming support for btc mining?

@@xenostim Neither of them were "against" crypto mining. He said as long as they recognize and share their goals for the environment and electricity, then they're accepted.

agreed

FACTS are biased now? Ok..

This.

Good

Good

Chinese miners are easy fish, just let them come into our Net.

Wow! You are right. Telling someone about forex market and those assets to invest in isn't financial advice but it's life advice

I have been making a lot through bitcoin which is solely the main source of my income these past years. Trading with Mrs Katty Duvan has been an unregrettable experience

The quickest way to make your first millions is to invest directly with an expert that is trustworthy and has made a name and individual billionaires

Crypto trading is making waves and its moving very fast. One must not have it all before one can invest

She had some interesting things to say about the state of algorithmic trading today. Obviously, I'm seeing the result and my trading is going smoothly.

Mrs. Annajn changed my life because of the huge profits I got from investing with her.

You invest with Mrs. Annajn too? wow that woman has been a blessing to me and my family.

I’m new at this, how can I reach your broker?

I was skeptical at first until I decided to try. It’s huge returns is awesome! I can’t say much.

@@EliasDSmith You can communicate with her on telegam, with the username below.

Tornado cash✊🏻

You have obviously never heard of monero

What are you ashamed of? Not paying your share for your own military and defence; law; government, education; health, infrastructure, etc, et-al?

🤔 yeah I asked the same questions when I got involved. But if China doesn't want their people to have access to this technology then there must be a good reason for us to have access to it in my honest opinion. I don't have a great answer for it other than that it's better to have access than not. Every aspect of its use is growing year by year this will be used massively in the Metaverse/web3 in a decade. 🤞if regulation doesn't destroy it.

It takes an incredible amount of work to link transactions with specific people so while technically they're visible deciphering the meaning behind each transaction is not so simple

He attacks the "dirty coal " ..... that dirty coal is what is powering his carbon monoxide machines.... There's the surface deception. Like you, I believe there is far more deception involved.

What do you think is more transparent, governments that abide by FASB rules or ones that do not?

Thanks for being transparent on your feelings about general transparency or lack there of. I believe people can see through bulls**t if they choose to, most are just oblivious to most things because of lack of transparency..

only.... thing?

@@paddington1670 yeah the rest is awful 😖 😱 😨 let the emojis tell you otherwise

They've been kicking ass with high speed rail, too.

they didn't, there's still miners and nodes there.

They are banning crypto, so they can roll-out their centralized digital yuan.

Lol,they have pay for that energy with their own money,the only stealing is when the government devalue your life savings by printing more money

@@AlexS-so7es massive profits at other people's expense is also theft.

not when they are at a relatively fair cost, bitdigital is not a real crypto miner, they just set up a farm and made it into a financial package for resell

I would use cash to scam on currency on a public ledger, thats stupid.

The biggest crypto exchange is still based in China. It’s called Bybit. Look it up and do your research before you leave such idiotic comments lol

Yeah sure, that's why.

Yeah because if anything they didn't want the competition.

Did you watch the documentary? Many of these miners use waste energy (at times when hydro-electric is produced with no demand - like at night).

@@tomasviane3844 incorrect, those things run 24/7 you can't just switch on and off. Anyone telling you anything else is bs. Lot of cases is coal powered, especially in China and many places in the US

I did but it seems like you didn't. You seem to be the type of person that will look at a car with a flat tire and state that the vast majority of the tire is perfectly round.

Bitcoin isn't even anonymous, every transaction is permanently stored in a public blockchain.

* Bitcoin is not anonymous * Tremendous energy use is a feature not a bug * This does not represent a cost to the planet but instead efficiency gains in energy generation * What you pay for energy where people live is in no way connected to the energy markets where Bitcoin operates.

incorrect, it costs 18k to mine a bitcoin

@@td-wd1yt worthless

Arent the energy prices rising where those miners live?

learn math !

This statement is completely backwards. Mining Bitcoin a these low prices turns into generational wealth once a new bull market starts up

Which country is that?

How does this crypto stuff really works and how do I make good profit from it?

I would recommend you get started with a professional broker that will trade for you while you get the profit

Do you have an idea of any good broker I can start with that's trust worthy?

I would recommend my current broker Brian Davis. He is currently earning a lot of profit for me and his services are top notch

@@vickylinn9497 Wow, i'm shocked you mentioned Brian Davis, he is also my current broker

@CAT CHANNEL Emperor Xing is also another problem, but that’s not what this video is about

"Lots of space, graphics cards and energy helping people get rich." If only you knew how much space is used to rent time for people to use computers to play games, oh man, you'd be so much more angry.

You're a lunatic

That's why the Ethereum merge in August will be revolutionary for large coins. Moving from proof of work to proof of stake means mining won't exist for ETH bc the transactions will be validated by stakers who own/have staked 32+ETH. I'm determined to get 32ETH so I can get on the passive income track once the merge happens and then the insuing adoption - ETH won't have the mining woes like BTC will continue to have

Graphics cards. ROFL!!!

Creating an asic resistant, successful crypto is impossible.

Broadly, the proof of work model used by Bitcoin and Ethereum (the two most valuable coins) requires that participants in the Blockchain solve complex mathematical equations before they can validate changes to the ledger. Basically miners are running powerful calculators as fast as possible 24/7 in a race to be the first to validate a change to the Blockchain and thus earn a fraction of a coin. Lots of duplicate effort solving a problem of no utility that purely exists to slow things down, and all of it requiring energy to perform.

Just buy yourself another V8 engine and put another assembly plant to China or Vietnam and call it a day. Easy-peasy.

It seems modern crypto uses less energy

@@bruinbergmeester8241 Maybe, maybe not. It depends on what catches on. There are probably ways of making them far, far less energy intensive. Here's hoping.

The US really isn't a petro state. Less than 10% of their gdp comes from their petrochemical industries. But you're probably right about a lack of will to reduce fossil fuel consumption.

It will help secure the energy grid.

Legit though. This practice is an all-consuming, greed-based gambling practice to get rich quick at the expense of using up materials/resources and providing zero actual value. Crypto will only ever be worth it if it can take down the centralized banking systems and free people. The chance of this happening are next to none.

Why

Why

Shut up.

Damn commie

Clearly you have no idea how our current monetary system is completely fucked and the cause of a ton of modern day problems, such as the increasing wealth gap, unaffordable housing, and more, all because goverments manipulate our money supply. Also your idea that our current money doesn't need maintaining is flawed. Why do you think the US has such a big military? It's to protect the dollars reserve status.

And yet, unlike privacy-coins like Monero, Bitcoin actually isn't private.

@@TimvanHelsdingenAnd how is Bitcoin solving any of the issues you mention? Or is it just a speculative bubble for those who want to get rich quick and then... help the environment? US has a big military cause the Feds can always print more money, which is the real cause behind the inflation. Brrrrt. the printer goes

yeah im sure the regulatory system revolving around the banking system doesnt use 10x the energy bitcoin does, im sure that is totally not the case

Caveman Ledger -> Precious Stone -> Precious Metals -> Paper -> Plastic -> Network Ledger We ARE returning to simpler times. You just severely misunderstand the concept of money. I don't know about you, but I like the idea of Bitcoin's energy being pulled from anywhere on Earth. You don't see giant powerplants and battery terminals like you do with washing machines. Should we stop using washing machines and opt out for foot cranked washing machines? Your argument suggests we should stop using smartphones too since you constantly need to recharge them with energy.

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°°° ✍️✍️✅

Unless you can pay for good and services with crypto, which you can in some places. But it's limited.

Do you spend dollars in Europe?

@@davidallanmusic euro's

Who said it's replacing fiat currency? It is simply an alternative.

°°° ✍️✍️✅

How ironic that bot reacted to this

Welp just like gold, silver, US Dollar? When do people realize every currency in the world is the same, nothing of value is actually created but trust is the only mechanism in there. Bitcoin use miner to ensure legitimacy, USD bomb middle Eastern child to achieve that. You choose your way mate

what like they did with file sharing?

Why, you dont have any crypto? ;)

Nah lol thats bad for us

@@budgetking2591 not sure it matters but I do. But the environmental impact is horrible. And believe it or not I value lives over money. Well .... most lives 🙄

Too late

👍 They are just another source of propaganda these days. Smh.

Vice is terrible it used to be good but those days are long gone, yes

Or use green energy like nuclear or renewables.

if china is banning it then you really shouldn't do it

@@thepragmaticchoice China bans having a second child, should we all stop that ? China is a horrible place run by a communist dictator. They are commiting genocide on a daily basis against the Uyghur people. Get real dude.

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Please I'm new to all this, how can I get to her also? I need her help!!!

@miles walker thanks, I will definitely do that.

it's great to see others who also benefits from the service of mrs Annabelle I’m currently on my 5th trade with her and it's a nice experience working with her👍

mrs Annabelle Hartfield is one of the best trader I’ve ever worked with in the past few years she knows the best to deal with whatever market situation

How much did you lose buying those shitcoins?

Impossible to ban. Bitcoin will revolutionize finance, making it more fair for everyone.

How when very few people own almost all the coins?

@@gooutsideitsfun1313 fair for who? And how? Can you show your work?

The world generates 160,000 TWh of energy, of that, 50,000 TWh are wasted: - 31.25% of the worlds total energy is wasted If you eliminate bitcoin from the world, 50,000 TWh are still wasted. Bitcoin consumes 120 TWh of energy: - 0.075% of total energy - 0.24% of wasted energy The Bitcoin network has $1 trillion assets under management, which cost $2 billion/year in energy to secure: - Energy costs are 0.2% of total assets (at ~$0.02/kWh) In many cases, it is literally discarded energy. There is 0 value, as no one would be paying for it, and it would be unused/wasted otherwise: - Therefore, the marginal cost to the human race is literally 0

Crazy if you think the USA government won’t do anything about it soon. In USA only the fed can print money

Its really stupid. Not only does crypto have no intrinsic value whats so ever... It actually has negative value, because it cost tremendous energy to produce.

do more research

Like tesla?

@@chazdog22 yes, you do more research on the amount of energy needed to perform "proof of work". Bitcoin uses proof of work while newer crypto uses proof of stake, which is less energy intensive.

@@traplover6357 also less secure and easily censorable.

Your statement did not contain a question but I'm going to extrapolate the question of "how is crypto produced?". The short answer to it is in this video kzfaq.info/get/bejne/r5mUpMua3eCrhqM.html I'm going to guess it's not going to make alot of sense to you. While the video answers that question, it sure as hell doesn't explain it. Any attempt to explain would require that you know something about encryption. I just happen to know a little about it because when I was a kid I spent lots of time thinking of how to pass a message to someone that nobody else could read. If you've never had any experience attempting this then nothing I (or anyone) could say about crypto would make much sense to you.

Here's another video of someone who published a paper on it trying to explain crypto to news anchors. kzfaq.info/get/bejne/hNpgnc98u5uvp4U.html

i will be on the opposite, as long as the local administration makes them pay up enough money to give back to the community, my state is an electric rich state.