5min chapter

Swan Signal Live - A Bitcoin Show cover image

Lyn Alden: Bitcoin's Energy Usage Isn't a Problem. Here's Why.

Swan Signal Live - A Bitcoin Show

CHAPTER

Bitcoin Mining - The Unusual Ways They Use Energy

Bitcoin miners are unusual energy consumers in the sense that they can go to wherever the energy source is, as long as they can get some sort of basic internet connection. That means they use energy in quite efficient and unusual ways. For many years, China was an interesting example of Bitcoin mobility. The province of Sichuan has a ton of overbuilt hydroelectric capacity. During the wet season, they produce more clean electricity than they can possibly use. And so it would otherwise be curtailed, wasted. This global energy net liberates stranded assets and makes new ones viable.

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