Is the “energy consumption” in mining a problem? Mining is a business of arbitrage for the cheapest sources of electricity. Proof-of-work mining is contributing to massive investment and subsidy in renewables / alternative energy and efficiency improvements in processing. It is driving the decentralization of energy production. “Consumption” in Bitcoin is easy to criticize because it is obvious, whereas the hidden externalities of the traditional financial system are massive.
This is part of a talk which took place at the Bitcoin Open Blockchain (BOB) community event on October 29th 2017 at the mHUB innovation center in Chicago, Illinois: https://www.meetup.com/Bitcoin-Open-Blockchain-Community-Chicago/events/244248063/
Immutability and Proof-of-Work: The Planetary Scale Digital Monument – https://youtu.be/rsLrJp6cLf4
Proof-of-Work (PoW), Proof-of-Stake (PoS), Delegated Proof-of-Stake (DPoS) – https://youtu.be/3W_3AQrQEOM
What is mining? – https://youtu.be/t4p4iMqmxbQ
Solar energy and mining in space – https://youtu.be/cusakcpa8AM
What should not go on a blockchain? – https://youtu.be/shn9otsT-Pw
The 14nm limit, decentralization, and renewable-energy mining – https://youtu.be/gYwc_MCC4us
Why has mining centralised in China? – https://youtu.be/8iyOKlzEe-0
Bitmain and the ASICBoost allegations – https://youtu.be/t6jJDD2Aj8k
Andreas M. Antonopoulos is a technologist and serial entrepreneur who has become one of the most well-known and respected figures in bitcoin.
He is the author of two books: “Mastering Bitcoin,” published by O’Reilly Media and considered the best technical guide to bitcoin; “The Internet of Money,” a book about why bitcoin matters.
THE INTERNET OF MONEY, v1: https://www.amazon.co.uk/Internet-Money-collection-Andreas-Antonopoulos/dp/1537000454/ref=asap_bc?ie=UTF8
[NEW] THE INTERNET OF MONEY, v2: https://www.amazon.com/Internet-Money-Andreas-M-Antonopoulos/dp/194791006X/ref=asap_bc?ie=UTF8
[NEW] MASTERING BITCOIN, 2nd Edition: https://www.amazon.com/Mastering-Bitcoin-Programming-Open-Blockchain/dp/1491954388
Subscribe to the channel to learn more about Bitcoin & open blockchains!
If you want early-access to talks and a chance to participate in a monthly LIVE Q&A with Andreas, become a patron: https://www.patreon.com/aantonop