Alright y'all! You thought about it, you might've asked us about it, you most likely read about it, and now it's time for us to chime in on it: BITCOIN'S ENERGY CONSUMPTION! Whether you're not quite sure what to think of it, you're sure that bitcoin is going to boil the oceans, or you're just kind meh about it, this episode is definitely going to get those wheels turning.
After we take a brief, but mind-bending, detour on discussing taxes (in the US, but maybe applies elsewhere), we dive into discussing our thoughts on bitcoin mining's energy usage. What is it, why does it matter, and is it worth it?? Listen in and make your own decision. We also have a few Dumb Questions to tend to at the end, so make sure to check them out, and take a peek at the resource links in the show notes if you have the time... it's good stuff.
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00:40 - Thoughts on taxes
07:07 - Recap of what bitcoin mining is and how it works (see Ep 4.0 for more details)
10:40 - What is energy and energy usage?
14:30 - Measuring bitcoin's energy usage and the economics of mining
17:21 - Electricity and sourcing energy
20:35 - Zooming out on energy consumption
23:32 - Is it worth it? We get heady with it here.
31:00 - Thoughts on news headlines
35:55 - So wait, why mining again?
38:42 - TL;DR
39:48 - Dumb Questions of the Week
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Resources:
Sponsors:
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