4min 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's Proof of Work Versus Alternative Methods

The concept got attention in June 2021 when El Salvador made Bitcoin legal tender. New power plants, no matter how remote, can generate immediate revenue by directing their energy to the Bitcoin network and turning sunlight, water, or wind into money. In this way, economic activity and renewable grids can be bootstrapped by Bitcoin mining.

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