The Energy System Benefits From Bitcoin Mining
Bitcoin strengthens the grid due to the incentivization of energy production. It supports the people who need electricity and miners as buyers of last resort.Illiteracy is a peril of the trade for anyone working in the technology sector. New technologies tend to be met with resistance until they’re broadly understood, and sadly, policymakers and regulators are frequently guilty of the most egregious tech illiteracy — stopping innovation in its tracks while they play catch-up.Every month there’s another facepalm-inducing moment. In January, it was the turn of Erik Thedéen, the vice-chair of....
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Harry Sudock, VP of strategy at GRIID Infrastructure joins the show to discuss the modern energy landscape, how far we've come and where bitcoin mining can fit into a sustainable energy system.
One major argument against Bitcoin is the amount of energy used in mining new blocks. Regulators have gone all out to curb the proof-of-work blockchain’s energy consumption and reduce its environmental impact. However, the latest findings show that Bitcoin mining energy usage only accounts for a small portion of the world’s energy production. The Bitcoin […]
Harry Sudock of Griid qualifies Bitcoin as a responsible use of energy and shares his perspective on the benefits of bitcoin mining for rural areas.
Bitcoin has created a vast mining sector within the network’s economy that is growing exponentially. Mining bitcoin has spread the technology towards new thoughts concerning energy consumption, ways to utilize bitcoin mining’s heat source, greener energy solutions and more. Making Better Use of Bitcoin Mining’s Energy Consumption. As it stands today, the....
Several major players say that nuclear energy might be the best choice for Bitcoin miners. Major players in the Bitcoin (BTC) mining industry have their sights set on nuclear energy as pressure mounts to go green. Nuclear energy could present a “tremendous opportunity” to introduce “enormous amounts of clean, carbon-free” energy to the base load, said GRIID vice president Harry Sudok at the ‘Bitcoin & Beyond Virtual Summit’ on Nov. 10. GRIDD is an American company that procures low-cost, renewable energy to build vertically-integrated Bitcoin mining facilities. According to Sudock, past....