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Nov 23 • 5 tweets • 4 min read
NY has become the first state to start constraining PoW mining

Worth noting that advocates backing this aren’t following the science & experts' opinions

e.g. @jyn_urso @thetrocro et al

1/5
Hydro accounts for 73% of NYs renewable energy generation.

Worth remembering then that #Bitcoin mining in NY did this…

2/5
#Bitcoin miners supply high-paying jobs to areas hollowed by manufacturing exodus

“Majority of the mining projects in upstate New York, at least 11, are relying not on on-site gas turbines but the electric grid with a relatively clean mix upstate”

3/5
politico.com/news/2022/05/1…
The concern is this pushes out innovation vital for the energy transition. Innovation with a truly unique set of attributes.

As @nic__carter stated in his September medium article: “Comments on the White House report on the climate implications of crypto mining”:

4/5 Image
#Bitcoin mining is NY’s only industry having its energy supply constrained

NY is embracing more casino’s allowing up to 3 new licenses in the city

Casinos leave behind “trails of addiction”

#Bitcoin aims to protect people’s finances

#priorities

5/5
nytimes.com/2022/11/20/bus…

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What Bitcoin Did Profile picture
Nov 23
WBD584 - Finding Bitcoin Signal with @JeffBooth. We discuss:
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- Why inflation is theft
- Building a society based on truth
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“Theft in money will divide us all, and that theft in money will take us likely to war and maybe the end of human species… or it will concentrate all control in very few super overlords... It’ll look like China’s social credit system on steroids.”
— Jeff Booth
Thanks to:
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— Jesse Powell
Thanks to:
→ Sponsors @Gemini + @txblockchain1 + @hodlwithLedn + @Bitcasinoio + @Ledger + @wasabiwallet + @BCBcrypto + @Fidelity
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WBD558 - Can #Bitcoin Fix the Political System? With Logan Bolinger (@TheWhyOfFI). We discuss:
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- Failure of trust in politics
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Thanks to:
→ Sponsors @Gemini + @txblockchain1 + @hodlwithLedn + @Bitcasinoio + @Ledger + @wasabiwallet + @BCBcrypto + @pacificbitcoin
→ Content Director @_DannyKnowles
→ Producers @mrcoolbp + @NeilMcC_1974
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What Bitcoin Did Profile picture
Sep 23
For those who still dismiss #Bitcoin, let’s see what it’s doing the help circular #Bitcoin economies around the world:

#1: @Bitcoinbeach
Teaching over 100 high school students about #Bitcoin & giving them sats

1/9
#2: @LakeBitcoin
The Kaboom project, that’s using very old equipment & waste cooking oil that would otherwise pollute a local lake, to mine #Bitcoin for a Guatemalan community, inspiring other local communities:

2/9
 bitcoinmagazine.com/culture/guatem…
#3: @BitcoinEkasi
Started as surfing programme for kids in South African township. Project now onboarding local vendors.
They’re merging old & new tech: using products like Machankura that enable Lightning payments on older feature phones.

3/9
 bitcoin-bay.org
Read 9 tweets
What Bitcoin Did Profile picture
Aug 23
Why you're probably wrong about #bitcoin, energy, & climate change...

If #Bitcoin fails it would negatively impact:
• Grid stability
• Most effective methane abatement
• Rapid scaling of renewables
• Utilisation of stranded renewable energy

The world needs #Bitcoin.
1/6
Combining work by @DSBatten & @ArcaneResearch:
• #Bitcoin mining would eliminate .15°C warming using waste methane w/ 416 TWh
• Bitcoin energy consumption needs to grow at a 40% higher rate
• Assuming .4 BTC fees per block, #Bitcoin price would need to be > $1 Million

2/6
“Methane…can simply be burned off to create CO2. While this sounds counterproductive...methane is over 20x more harmful...converting one molecule of methane to one molecule of CO2 through combustion still reduces net emissions by more than 95%.”

3/6
 batcoinz.com/how-much-faste…
Read 7 tweets
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Aug 22
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→ Producers @mrcoolbp + @NeilMcC_1974
→ Everyone who listens, subscribes and shares
Read 4 tweets

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