17min chapter

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Scarce Assets E007: Alex Gladstein - Bitcoin is a Global Life Raft

Onramp Media

CHAPTER

Bitcoin Mining: Revolutionizing Energy Infrastructure in Rural Areas

Exploring the transformative potential of Bitcoin mining in leveraging excess power from micro hydro systems in rural villages like Malawi, benefiting both the local power company and the Bitcoin network. The chapter reveals how companies like Gridless are setting up operations to mine Bitcoin using untapped power sources, creating a mutually beneficial system that supports infrastructure development. It delves into the narrative shift surrounding Bitcoin's impact on energy usage and its potential to stabilize demand for power in regions like Africa while revolutionizing global economic practices.

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