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RE: PayPal Co-founder Fights For Bitcoin Hashrate
Regards esteemed friend @tysler.
BTC's mining rates in China are so high that they even represent a serious problem in terms of electricity generation for the Red Giant. Since the main way to generate electricity in China is hydrocarbon burning thermoelectric, this also has a direct impact on the environment and global warming.
Developing new forms of electricity generation that are friendly to the environment and are self-sustaining, for the support of BTC mining is a necessary step for humanity.
The people or companies that are undertaking in this sense will have a recognition on the part of the societies that would surpass in value to the obtained profits.
This is the present and the future of BTC mining.
Your friend, Juan
Hi @juanmolina,
Yes! This is exactly what I hope greener companies can address and move Bitcoin mining into a sustainable form of asset. High operational costs in electricity consumption can result in these companies to shut down and destabilize Bitcoin operations.
It is time companies be responsible for their global carbon footprints.
We should definitely all be responsible for our carbon footprints. But even more the big companies with their huge emissions.
Wow! I don't even want to think about what could happen with BTC if mining was interrupted for some reason.
Perhaps the price would rise because it would be mining less what would produce shortages?