Bitcoin's energy problem a lesson amid tide of digitalisation
Apr 28, 2021•15 min
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Episode description
Bitcoin mining now uses enough electricity annually to power a country equivalent in size to the UAE. Can warnings over cryptocurrencies' carbon footprint challenge - and help us reimagine - how we utilise energy resources? And amid a rising tide of digital assets, what can be learnt from Bitcoin's shift to renewable energy?
Host Mustafa Alrawi, assistant editor-in-chief, and co-host Kelsey Warner, future editor, discuss these issues in this week's episode.
In this episode:
Bitcoin's energy consumption (0m 55s)
What is Bitcoin mining? (2m 24s)
Why is there a market for Bitcoin? (6m 45s)
Bitcoin's role in an energy transition (8m 30s)
Read more on our website: • Bitcoin's annual energy consumption now exceeds that of the UAE • Bitcoin breaches $50,000 threshold in downfall • Tesla’s first-quarter profit surges to $438m on record deliveries
Subscribe to Business Extra for free to receive new episodes every week
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Host Mustafa Alrawi, assistant editor-in-chief, and co-host Kelsey Warner, future editor, discuss these issues in this week's episode.
In this episode:
Bitcoin's energy consumption (0m 55s)
What is Bitcoin mining? (2m 24s)
Why is there a market for Bitcoin? (6m 45s)
Bitcoin's role in an energy transition (8m 30s)
Read more on our website: • Bitcoin's annual energy consumption now exceeds that of the UAE • Bitcoin breaches $50,000 threshold in downfall • Tesla’s first-quarter profit surges to $438m on record deliveries
Subscribe to Business Extra for free to receive new episodes every week
Apple Podcasts | Google Podcasts | Audioboom | Spotify | RSS
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