Debunking the "Bitcoin is an environmental disaster" argument

[zaesvlas]

For some reason, it seems to me that those who simply cannot realize themselves in this industry think so. So, you shouldn't do anything about it at all.

[fillippone]

Bitcoin Mining Council has released their latest presentation:



I admit I have read it diagonally.
But it is always a good resource to dismiss Bitcoin as a polluting technology, when instead is actively pushing for a more efficient use of clean energy.

[hd49728]

I admit I have read it diagonally.
But it is always a good resource to dismiss Bitcoin as a polluting technology, when instead is actively pushing for a more efficient use of clean energy.

Bitcoin mining industry contributes to carbon emission and global warming but it is unfair and untrue to say that it is one of most polluting and environmental harmful industries.

I think in furture, in order to get better energy consumption cost as well as to adapt to stricter governmental regulations, Bitcoin mining farms will switch to more renewable resources. It will make the industry becoming more environmental friendly, less polluting.

Currently it is not a biggest industry and does not consume bigger energy. In addition, their proportion if renewable energy resources is better than many nations and industries.

[ninis45]

For some reason, it seems to me that those who simply cannot realize themselves in this industry think so. So, you shouldn't do anything about it at all.

on the other hand we have a positive attitude even though we cannot change most of them but at least we have tried to do rather than do nothing....
even though we know this is a waste without super power interfering to change it, namely the government while we may only be talking

[Carlton Banks]

didn't read the thread, but in case anyone didn't say this already...


....isn't the actual climate chang-ists argument that:

all energy use is bad, and so it must all be monitored, and adjudicated? (essentially, politicizing it, as there is no objective way to determine which uses are deserving)


and cynical old me, I would guess that we're also supposed to sit around in freezing cold/scorching hot apartments, in Metaverse, where we fight back the tears experiencing what we imagine even a normal life would be by 2010's standards. Then when some high level toady in the hierarchy gets ratted out by rivals for.. i dunno, smoking a cigarette, we're also supposed to be shocked and disappointed, then we have to diligently do some extra pedaling on our humanoid hamster wheels to pay for the carbon credits needed to annul 1 cigarette of CO₂?

if Black Mirror producers are reading, then, yes, I am available for creative development roles

[Dunamisx]

But it is always a good resource to dismiss Bitcoin as a polluting technology, when instead is actively pushing for a more efficient use of clean energy.

If i may ask who are this Bitcoin Mining Council? what is their identity, are they centralized or decentralized? because BMC have been making some certain claim about bitcoin mining and the energy involved as of recent and this has spike high lot of controversial views about the approach they are bringing up, and i see no reason why much attention should be given on them if what they talk about is the environmental impact of bitcoin mining activities and i see they may constitute to anti bitcoin menace.

[rmhuntley]

there are so many people who say that bitcoin is a disaster for the environment when in fact that is not true at all even though it has a very large impact received by bitcoin where by saying that bitcoin is a disaster for the environment it indirectly makes the price of bitcoin not so stable on the stock market by the existence of these discourses.even though there is no energy generated that can cause pollution so that there is pollution to the environment and we have seen that in the last few years

[stompix]

I admit I have read it diagonally.
But it is always a good resource to dismiss Bitcoin as a polluting technology, when instead is actively pushing for a more efficient use of clean energy.

You can read it in the reflection of a mirror with your eyes closed it won't make a difference  
So they tossed some numbers there and claimed that now instead of 51% they have 57%.
And we have to trust those numbers because, well, they say so!

Don't you agree it could have been done far easier and without anyone complaining by just filling a small table?
Argo  x Ph/s , x MW datacenter, x coming from hydro z from gas
Bitfarms  x Ph/s , x MW datacenter, x coming from coal z from solar

Why don't they do it? Because they are in the same boat with every industry out there, I'm only seeing industries claiming to be green, eco-friendly, using only renewables, damn, I actually want to see a company with an ad saying we only burn coal! I would definitely buy their products even if they only make frog leashes or raccoon-scented shower gel.

The hashrate is going to grow 10% from month to month if the current epoch keeps going like this, are they telling me that suddenly they've just installed 600MW of wind turbines just now? I understand some of the things, I understand that you can play with numbers for your own interest but right now they are just bullshiting.

Bitcoin Mining Is Technology Intensive, 58x+ In Efficiency In 8 Years

Nice, but how about we look at it from a different point of view.
First, the S19XP was announced in 2021, and the first batch just got delivered early this month, now if we add the fact that the S9 was launched and sold in 2016, we have an increase of 5x in 6 Years. Both numbers are current, but doesn't it scream manipulation?
Also, I love their comparison with other industries, construction, gold, and freight, but something is missing from there, the obvious one, but we can't use that anymore because it won't look as nice as it did 4 years ago.  

Just build two nuclear power plants and let's be done with this.
Of course, when it comes to money-making the big names in crypto have found 700 millions for a stadium name, 160 million for some virtual land, 1.3 million for the jpg of a rock, but no way we're going to invest in something that is actually useful.

[Carlton Banks]

The hashrate is going to grow 10% from month to month if the current epoch keeps going like this, are they telling me that suddenly they've just installed 600MW of wind turbines just now? I understand some of the things, I understand that you can play with numbers for your own interest but right now they are just bullshiting.

Bitcoin Mining Is Technology Intensive, 58x+ In Efficiency In 8 Years

First, the S19XP was announced in 2021, and the first batch just got delivered early this month, now if we add the fact that the S9 was launched and sold in 2016, we have an increase of 5x in 6 Years. Both numbers are current, but doesn't it scream manipulation?
Also, I love their comparison with other industries, construction, gold, and freight, but something is missing from there, the obvious one, but we can't use that anymore because it won't look as nice as it did 4 years ago.  

right, this is the gift that keeps on giving for the policymakers


it's essentially impossible to balance the interaction of ALL externalities from industry with the natural world. And so it's nothing but a stick to beat the serfdom with in perpetuity.

meanwhile, if you are one of the aforesaid serfs, and would like other natural things as a part of your life:

• trees in your locale or 'property'
• clean water on your 'property'
• grow or eat unprocessed food
• rearing children without constant pressure to subject them to endless unnatural influences or substances

...you're somehow the worst person in the whole world. Better keep buying all those 'green' energy and products, made with vast (and increasing) amounts of plastics, metals and other mining products that ravage microhabitats and poison the air, ground and water, right?


I somehow don't believe the oil/mining billionaires and European Royal families that push the climate panic are ok with changing into Amish people living in trees to stop the world setting on fire, call me cynical if you will

[Sebas.tian]

there are so many people who say that bitcoin is a disaster for the environment when in fact that is not true at all even though it has a very large impact received by bitcoin where by saying that bitcoin is a disaster for the environment it indirectly makes the price of bitcoin not so stable on the stock market by the existence of these discourses.even though there is no energy generated that can cause pollution so that there is pollution to the environment and we have seen that in the last few years

I think, those people said bitcoin is a disaster in their environment are people which bitcoin is not fully legalized in their countries. Many countries that adopted bitcoin some years ago are really doing well in terms of economy and others things in the countries. During the pandemic that took over some years in the world economy, made many countries to believed that bitcoin is not a disaster than to help every countries to eliminate errors from their transaction and to reduce unemployment from their environment, so that their citizens will be part of the wonders bitcoin is doing in the world economy.

[fillippone]

The Bitcoin Mining Council Released their 22Q2 Mining Data.




They updated their data on the global Bitcoin Mining Consumption:


And the energy Mix supporting the network:




Click here for the Press release


Video of the Bitcoin Mining Council 22Q1 Briefing:

The Bitcoin Mining Council is a voluntary and open forum of Bitcoin miners committed to the network and its core principles. We promote transparency, share best practices, and educate the public on the benefits of Bitcoin and Bitcoin mining.

Presenters -
Michael Saylor: @saylor // hope.com
Taras Kulyk: @tmskulyk // @PowerValidus
Jason Les: @JasonLes_ // @RiotBlockchain
Peter Wall: @PeterGWall // @ArgoBlockchain
Fred Thiel: @fgthiel // @MarathonDH
Aydin Kilic: linkedin.com/in/aydinkilic/ // @HiveBlockchain
Ben Gagnon: @hashoveride // @Bitfarms_io

To see the slides from the presentation, visit the BMC website—https://bitcoinminingcouncil.com/—or follow @saylor on Twitter.

0:00 - Introduction: Michael Saylor
4:06 - Data Aggregation/Explanation: Taras Kulyk
5:22 - Full BMC Q2 2022 Results: Micahel Saylor
18:03 - Power Situation in Texas: Peter Wall & Jason Les
29:23 - The Effects of Bitcoin Price and Network Efficiency: Fred Thiel
36:09 - Variance of Energy Economics in Bitcoin Mining: Aydin Kilic
46:00 - Analyzing and Debunking the FUD: Ben Gagnon
57:45 - Q & A

[LegendaryK]

Texas has been under warnings of rolling blackouts most of the year,
which coincides with China kicking the miners out last year.

https://www.theverge.com/2022/7/14/23206795/bitcoin-crypto-mining-electricity-texas-grid-energy-bills-emissions

Higher electricity bills and even more carbon dioxide emissions could be on the way for Texans, despite crypto mining industry claims that it can spur the growth of affordable renewable energy.
The problem is the Bitcoin network’s enormous demand for electricity, which is spiking faster than the grid can reasonably keep up with.

Texas’ energy system is already bracing for the Bitcoin mining industry to keep growing at breakneck speed. The amount of electrical load crypto miners are expected to add to the Texas grid over just the next four years represents nearly a third of the grid’s current maximum capacity. Crypto mining is set to increase demand on the grid by a whopping 27 gigawatts by 2026

Let’s break down why 27 gigawatts is such a big deal.
The first thing to know is that a single megawatt (MW) can power about 200 homes during times of high demand in Texas.
A gigawatt is one thousand megawatts.

On July 12th, during the heatwave, the state hit a record.
More than 78 gigawatts of electricity were needed to meet peak demand, according to ERCOT.
The power grid in Texas can currently supply a maximum of about 92 gigawatts of electricity — and that’s only if every source of power generation is working perfectly, which usually isn’t the case.
That leaves limited breathing room for most of the state during periods of high demand.

All of that brings us back to the crypto boom in Texas.
 “There are over 27 gigawatts of crypto load that is working on interconnecting over the next four years,” the unnamed ERCOT spokesperson said.

That’s an “astronomically impossible” load to add to the grid in that short timeframe,
according to Joshua Rhodes, a research associate at the University of Texas at Austin.
“There’s no way we could do 27 gigawatts of crypto [in four years]
... that would put too much stress on the system too fast,” says Rhodes.
“We barely have the power plants to cover today,

For instance, in upstate New York — another major crypto mining hub — electricity bills have increased by about $8 monthly for individual customers and $12 monthly for small businesses, according to an analysis last year by researchers at the University of California, Berkeley and the University of Chicago.

“Large amounts of new demand are never helpful for your electricity bill,” says ​​Eric Hittinger, an associate professor at Rochester Institute of Technology with a background in electricity system policy.
“The more crypto mining that comes into the state, the higher the residents should expect the electricity prices to become.”

Realize when the miners say the entire world generates this much energy,
that the locations these miners set up in , are only a small fraction of that total ,
which is why they overload their grids and cause their own banning.

What would be funny, if every utility regulated btc miners down to .15% of their actual total energy generation, then they would not threaten the grids.

BTC miner hash rate efficiently has grown every year since 2010, and the total energy consumed has never gone down.
The only way to make Proof of Waste energy efficient is to turn it off.  
 

[yhiaali3]

A great defense article about Bitcoin, it is undeniable that Bitcoin wastes a lot of energy and participates in polluting the environment but it is not the only one that does this, there are many industries that pollute the environment and the atmosphere more than Bitcoin but Bitcoin is deliberately targeted, the main reason is known to all Bitcoin is attacked Because it is a symbol of decentralization and privacy.
I especially liked the “Bitcoin to a battery” analogy, but is this really true? Is there really amounts of energy needed by those who consume it? All countries always complain about the need for energy and are looking for alternative or additional solutions, so I do not know how true this is?

[tadamichi]

Texas has been under warnings of rolling blackouts most of the year,
which coincides with China kicking the miners out last year.

It’s simple supply&demand as has been explained to you many times. Miners build energy infrastructure and when there’s high demand in the grid, it will be more profitable to give power to the grid than to mine Bitcoin. So miners just turn off their machines and help the power infrastructure out. Over 1000 megawatts can already be put into the texan grid like this dynamically, simply when needed. 1000 megawatts gives us 1.000.000 kW, this are 24.000.000 kWh in a day, the average texan household uses 39.2 kWh in a day¹. So it can power an additional 612.244 households when needed, doesn’t sound like something negative to me. We could actually need more of this. Even if the electricity usage is much higher in summer for the average household, there’s still a lot of people helped out trough Bitcoin mining infrastructure, even if it was just half of that in summer. No need to develop energy phobias and to become hysterical. Extension of energy infrastructure is actually what will help the grid out, and Bitcoins incentives is what makes this possible in an uncomplicated way.

[1] https://www.texaselectricityratings.com/blog/what-is-the-average-daily-kwh-usage-per-household-in-texas/

Bitcoin Miners Successfully Stabilize the Texas Grid

for a heat wave that is expected to push the power grid near its breaking point.

Texas has become one of the largest hubs by computing power in the world. Hosting companies like Riot Blockchain Inc, Argo Blockchain Plc, and Core Scientific Inc operate millions of energy-intensive computers specifically made to secure the Bitcoin network.

Over 1,000 megawatts worth of Bitcoin mining turned off their machines in response to ERCOTs energy conservation request. Lee Bratcher, president of the Texas Blockchain Council responded to Bloomberg in an email. "This represents nearly all industrial scale Bitcoin mining load in Texas and allows for over 1% of total grid capacity to be pushed back onto the grid for retail and commercial use."

Bitcoin miners are expected to see a drop in profitability since the heat wave will send energy prices soaring. Miners are reportedly already struggling to repay debt and raise additional capital from the recent Bitcoin price decline.

Core Scientific CEO Mike Levitt said, “In troubled situations including the current Texas heat event, we have been curtailing power and will continue to curtail power as needed.” The company operates in six states, with less than 15% of its production located in Texas, he said.

Marathon Digital Holdings commented in a Tweet that Bitcoin miners are a non-rival buyer of energy that can modulate demand as needed which helps stabilize the grid.

And as you can see here, that’s exactly what’s happening.

[LegendaryK]

Texas has been under warnings of rolling blackouts most of the year,
which coincides with China kicking the miners out last year.

It’s simple supply&demand as has been explained to you many times. Miners build energy infrastructure and when there’s high demand in the grid, it will be more profitable to give power to the grid than to mine Bitcoin. So miners just turn off their machines and help the power infrastructure out. Over 1000 megawatts can already be put into the texan grid like this dynamically, simply when needed. 1000 megawatts gives us 1.000.000 kW, this are 24.000.000 kWh in a day, the average texan household uses 39.2 kWh in a day¹. So it can power an additional 612.244 households when needed, doesn’t sound like something negative to me. We could actually need more of this. Even if the electricity usage is much higher in summer for the average household, there’s still a lot of people helped out trough Bitcoin mining infrastructure, even if it was just half of that in summer. No need to develop energy phobias and to become hysterical. Extension of energy infrastructure is actually what will help the grid out, and Bitcoins incentives is what makes this possible in an uncomplicated way.

[1] https://www.texaselectricityratings.com/blog/what-is-the-average-daily-kwh-usage-per-household-in-texas/

Bitcoin Miners Successfully Stabilize the Texas Grid

for a heat wave that is expected to push the power grid near its breaking point.

Texas has become one of the largest hubs by computing power in the world. Hosting companies like Riot Blockchain Inc, Argo Blockchain Plc, and Core Scientific Inc operate millions of energy-intensive computers specifically made to secure the Bitcoin network.

Over 1,000 megawatts worth of Bitcoin mining turned off their machines in response to ERCOTs energy conservation request. Lee Bratcher, president of the Texas Blockchain Council responded to Bloomberg in an email. "This represents nearly all industrial scale Bitcoin mining load in Texas and allows for over 1% of total grid capacity to be pushed back onto the grid for retail and commercial use."

Bitcoin miners are expected to see a drop in profitability since the heat wave will send energy prices soaring. Miners are reportedly already struggling to repay debt and raise additional capital from the recent Bitcoin price decline.

Core Scientific CEO Mike Levitt said, “In troubled situations including the current Texas heat event, we have been curtailing power and will continue to curtail power as needed.” The company operates in six states, with less than 15% of its production located in Texas, he said.

Marathon Digital Holdings commented in a Tweet that Bitcoin miners are a non-rival buyer of energy that can modulate demand as needed which helps stabilize the grid.

And as you can see here, that’s exactly what’s happening.

Do you have the ability to reason?
If so you realize the reason the miners stabilized the power grid was they turned off their miners,
which means the action of keeping them on, destabilized the power grid.

You are giving them credit for momentarily stopping their overuse of the grid power,
Which they have already restarted, draining the grid.

If your miners actually built power plants, as you claim, why are they needing to hook up to the grid.
If they did not suck the power from the grid, but remained isolated , they would be of little concern.

Like I said earlier.
The only way to make Proof of Waste energy efficient is to turn it off.
The mistake is letting the miners turn it back on.  

Funny how you totally missed the following:
https://www.theverge.com/2022/7/14/23206795/bitcoin-crypto-mining-electricity-texas-grid-energy-bills-emissions

All of that brings us back to the crypto boom in Texas.
 “There are over 27 gigawatts of crypto load that is working on interconnecting over the next four years,” the unnamed ERCOT spokesperson said.

That’s an “astronomically impossible” load to add to the grid in that short timeframe,
according to Joshua Rhodes, a research associate at the University of Texas at Austin.
“There’s no way we could do 27 gigawatts of crypto [in four years]
... that would put too much stress on the system too fast,” says Rhodes.
“We barely have the power plants to cover today,

But you being a btc cultist, I can see why reality escapes you.  

What people need to get through their heads,
It is not PoW vs PoS,
PoS won years ago, as one can easily tell from the lack of new PoW coin designs and the numerous new PoS designs.

It is PoW vs People right to use affordable energy.
PoW vs Having an Air Conditioner
PoW vs Having electric Heat
PoW vs Having Lights
PoW vs Having Hot Water/Cook Food
PoW vs Playing Video Games
PoW vs Having Freezer/Refrigerator
PoW vs Basically anything else using electricity

Which is why PoW is a dead end, because eventually it prevents people from using energy for anything else.
How are the btc cultist going to spin it , when the BTC PoW miners cause a grid collapse,
and a multitude of people die in Texas because of pure PoW miner's greed.
It will be good if the PoW ban happens before that scenario happens, but odds are currently 50/50,
that Texans die needlessly for PoW miners greed.  

FYI:   https://energsustainsoc.biomedcentral.com/articles/10.1186/s13705-019-0199-y

In testimony before a Congressional Committee, it has been asserted that a prolonged collapse of this nation’s electrical grid—through starvation, disease, and societal collapse—could result in the death of up to 90% of the American population [1].

FYI2:  https://www.change.org/p/no-to-riot-bitcoin-mine-in-navarro-county

Navarro County/ Corsicana TX is looking to allow an industrial Bitcoin Mining operation to move here & use our resources.

We do NOT want this enormous burden on our already fragile infrastructure.

We do not want the increase in water and electricity bills.

We do not want the increase in environmental temperature in the immediate vicinity of the factory-that-produces-nothing.

We do not want the noise pollution that 500,000 computers running 24-7 will produce.

We do not want our county to facilitate in the illegal activity Bitcoin is used for, such as money laundering, child, human and sex trafficking, tax evasion and drug trafficking.

WE. DO. NOT. WANT. THIS. FACILITY. IN. NAVARRO. COUNTY.

This is NOT a done deal.

We have the power & authority to deny access to our municipal water supply.
We're in a drought and already experience brown-outs during the summer months.

This factory-that-produces-nothing will affect every single citizen of Navarro County and MUST BE STOPPED!

Like I said , it is PoW vs People.
Which is why the banning of PoW is a future guarantee.  

[Doan9269]

it is undeniable that Bitcoin wastes a lot of energy and participates in polluting the environment

Permit me to say that this is wrong, look at the statistics placed right before you from @fillippone, at least you should be able to read them clearly to understand what its coming out from there and what government and other source of pollutant contributed, another way is for yiu to check through previous discussions on this same subject matter and see more better, if they are saying it doesn't mean its actually it.

[tadamichi]

Do you have the ability to reason?
If so you realize the reason the miners stabilized the power grid was they turned off their miners,
which means the action of keeping them on, destabilized the power grid.

They’re on when there’s not enough stress on the grid, so it’s not destabilising. It’s simply using whats built to be used, when it’s not used as much by people. Load profiles vary by season, time of day etc. Peak demand usually occurs in the morning and evening, when people are at home. So you will have a lot of hours during the day/night where this electricity usage isn’t „destabilising“ anything, as energy demand is low during these hours. If miners actually increase demand during these time, they’re helping financing the entire infrastructure for everyone. Also many miners are adding more capacity, that can actually be used in the grid when needed. Regular people are also the highest paying customers, we see them get prioritised every time. Miners are not taking anything from anyone.

You are giving them credit for momentarily stopping their overuse of the grid power,
Which they have already restarted, draining the grid.

If your miners actually built power plants, as you claim, why are they needing to hook up to the grid.
If they did not suck the power from the grid, but remained isolated , they would be of little concern.

They probably need to hook up to the grid, because renewables don’t work 24/7 and so they can give energy to the grid when needed. But if they only use energy during non-peak hours it’s no problem for the grid. It’s already handled trough price, because Bitcoin mining won’t be profitable when people need this energy, so we don’t see them using the energy people need. Miners that completely rely on the grid will probably go bankrupt sooner or later, as they don’t have additional income trough the grid and won’t be able to compete in the future, when lower energy prices are needed for mining to stay profitable. This is all already handled trough Bitcoins incentives.

Like I said earlier.
The only way to make Proof of Waste energy efficient is to turn it off.
The mistake is letting the miners turn it back on.  

Nah man if we wanna fix this energy mess we should acknowledge truth. Mining load is flexible, it can be turnt back on when this energy isn’t needed otherwise. And this works perfectly in a decentralised worldwide network.

Funny how you totally missed the following:
https://www.theverge.com/2022/7/14/23206795/bitcoin-crypto-mining-electricity-texas-grid-energy-bills-emissions

All of that brings us back to the crypto boom in Texas.
 “There are over 27 gigawatts of crypto load that is working on interconnecting over the next four years,” the unnamed ERCOT spokesperson said.

That’s an “astronomically impossible” load to add to the grid in that short timeframe,
according to Joshua Rhodes, a research associate at the University of Texas at Austin.
“There’s no way we could do 27 gigawatts of crypto [in four years]
... that would put too much stress on the system too fast,” says Rhodes.
“We barely have the power plants to cover today,

But you being a btc cultist, I can see why reality escapes you.  

It’s simple, if the grid can’t handle it they simply won’t get the electricity. So miners actually need to increase the capacity to not go bankrupt with that much competition. Relying solely on the grid won’t work for them, so relax. People will always be prioritised, not miners.

What people need to get through their heads,
It is not PoW vs PoS,
PoS won years ago, as one can easily tell from the lack of new PoW coin designs and the numerous new PoS designs.

It is PoW vs People right to use affordable energy.
PoW vs Having an Air Conditioner
PoW vs Having electric Heat
PoW vs Having Lights
PoW vs Having Hot Water/Cook Food
PoW vs Playing Video Games
PoW vs Having Freezer/Refrigerator
PoW vs Basically anything else using electricity

Which is why PoW is a dead end, because eventually it prevents people from using energy for anything else.
How are the btc cultist going to spin it , when the BTC PoW miners cause a grid collapse,
and a multitude of people die in Texas because of pure PoW miner's greed.
It will be good if the PoW ban happens before that scenario happens, but odds are currently 50/50,
that Texans die needlessly for PoW miners greed.  

Thanks for the laughs, did you consider working for current governments? You might be a good fit. If this doesn’t work out, i can enlist you in some psychological studies, as this special case deserves some serious studying.

FYI:   https://energsustainsoc.biomedcentral.com/articles/10.1186/s13705-019-0199-y

In testimony before a Congressional Committee, it has been asserted that a prolonged collapse of this nation’s electrical grid—through starvation, disease, and societal collapse—could result in the death of up to 0% of the American population [1].

I feel bad for the US, i thought propaganda was already bad where im at.

FYI2:  https://www.change.org/p/no-to-riot-bitcoin-mine-in-navarro-county

Navarro County/ Corsicana TX is looking to allow an industrial Bitcoin Mining operation to move here & use our resources.

We do NOT want this enormous burden on our already fragile infrastructure.

We do not want the increase in water and electricity bills.

We do not want the increase in environmental temperature in the immediate vicinity of the factory-that-produces-nothing.

We do not want the noise pollution that 500,000 computers running 24-7 will produce.

We do not want our county to facilitate in the illegal activity Bitcoin is used for, such as money laundering, child, human and sex trafficking, tax evasion and drug trafficking.

WE. DO. NOT. WANT. THIS. FACILITY. IN. NAVARRO. COUNTY.

This is NOT a done deal.

We have the power & authority to deny access to our municipal water supply.
We're in a drought and already experience brown-outs during the summer months.

This factory-that-produces-nothing will affect every single citizen of Navarro County and MUST BE STOPPED!

A cringe mob of hysterical people that doesn’t understand what they’re shouting about, what should someone take from this? It only reflects bad on them. Makes you question how many people in the population can actually use their brain.

[LegendaryK]

@tadamichi,

Maybe you should move to Texas, you know to show your support of PoW miners.
Since you want to pretend like you know more than the people living there.

You don't need electricity , so you should enjoy 120 degrees real feel temps with no AC because of rolling blackouts.  

At the very least you should go to one of their town hall meetings,
to let them know how stupid they are for complaining about rolling blackouts and energy bills that doubled.
Go ahead , let them know that it is all fud and how smart you think you are.  

Oh , and why did China Ban BTC PoW mining again?
According to you , it can't be energy waste so what was it?  


Want to pretend BTC miners did not cause energy problems in Kazakhstan.
https://www.yahoo.com/video/kazakhstan-crypto-mining-clampdown-uncovers-113333906.html

Since 2021, Central Asian Electric Power Corp. has reportedly faced electricity shortages.
The government attributed some of the shortages to the arrival of crypto miners following China’s blanket ban on crypto mining.

The government may not have anticipated the chairman of Central Asian Electric Power Corp. to be involved, particularly when considering the current energy crisis.

This month’s clampdown follows failed attempts to drive away miners by other means.

In February, the Kazakhstan government considered imposing a 500% tax on Bitcoin miners.
The government plan was to target unregistered miners known as “Gray Miners.”

February’s threat followed a reported power outage that left southern Kazakhstan in a blackout.

Funny , how everywhere BTC miners start mining has energy blackouts.
Must really just be bad luck.
or
dare we say the miners are causing the problems.

Ask your Unicorn and see what he thinks, he has to be smarter than you tadamichi.     

[tadamichi]

@tadamichi,

Maybe you should move to Texas, you know to show your support of PoW miners.
Since you want to pretend like you know more than the people living there.

You don't need electricity , so you should enjoy 120 degrees real feel temps with no AC because of rolling blackouts.  

I should, i love hot weather. And i stayed in this kind of weather without AC many times. Im not saying others should, so maybe show your politicians that you actually understand these problems, so they can’t blame it on others easily and keep fooling you.

At the very least you should go to one of their town hall meetings,
to let them know how stupid they are for complaining about rolling blackouts and energy bills that doubled.
Go ahead , let them know that it is all fud and how smart you think you are.  

There’s no Bitcoin mining around here and yet we have the same problems. Maybe because energy prices have nothing to do with Bitcoin and availability of electricity neither? Where i live we probably already paid 3x as much as texans and it’s still rising, so ik better what it’s like. Just don’t confuse something other people are responsible for with Bitcoin, just because it sounds like an easy solution. So stop confusing the two or prove it.

Oh , and why did China Ban BTC PoW mining again?
According to you , it can't be energy waste so what was it?  

A communist party that sees their monetary monopoly threatened cares about the environment first, or maybe it could be something else? If you look at their track record you must be naive to think that any of their decisions have any of these considerations.

It secures the network so it’s not wasted, it extends energy infrastructure so it’s not wasted, it’s what allows money to be decentralized so it’s not wasted, it’s a buyer for electricity 24/7 which is needed so it’s not wasted, it triggers PoS shills, politicians and other cringe people so it couldn’t be more worth it.

Want to pretend BTC miners did not cause energy problems in Kazakhstan.
https://www.yahoo.com/video/kazakhstan-crypto-mining-clampdown-uncovers-113333906.html

Since 2021, Central Asian Electric Power Corp. has reportedly faced electricity shortages.
The government attributed some of the shortages to the arrival of crypto miners following China’s blanket ban on crypto mining.

The government may not have anticipated the chairman of Central Asian Electric Power Corp. to be involved, particularly when considering the current energy crisis.

This month’s clampdown follows failed attempts to drive away miners by other means.

In February, the Kazakhstan government considered imposing a 500% tax on Bitcoin miners.
The government plan was to target unregistered miners known as “Gray Miners.”

February’s threat followed a reported power outage that left southern Kazakhstan in a blackout.

Lazy to read?

February’s threat followed a reported power outage that left southern Kazakhstan in a blackout. It is worth noting that the blackouts are not reportedly a result of miners but due to the archaic Soviet-era power infrastructure.

So let’s conclude, let me just build the most outdated grid that can’t even serve the demand of the market and instead of using this investment opportunity to better things, I’ll just use this topic politically and blame people that are not responsible for the grid that it doesn’t work? So let’s not actually better things and use the money i taxed people to do exactly this, but just find a scapegoat that distracts from actual failures. Sounds like they know what they’re doing and serving the people.

[ABCbits]

Video of the Bitcoin Mining Council 22Q1 Briefing:

The video title of link you shared is "Bitcoin Mining Council Q4 2021 Briefing", the correct link for 22Q1 is https://www.youtube.com/watch?v=uotDxbKJmlo. Their video also state the slides available on their website, but i couldn't find any relevant page/file. Fortunately @saylor on Twitter share the link, so here's the direct link for those who want to see 22Q2 slides https://bitcoinminingcouncil.com/wp-content/uploads/2022/07/2022.07.19-BMC-Presentation-Q2-22-Presentation.pdf.