The Bitcoin Layer

Mainstream Media Has FLIPPED on Bitcoin Mining

Jul 1, 2025
The podcast explores a notable shift in mainstream media’s portrayal of Bitcoin mining, highlighting its positive impacts. Examples from Iceland to Texas showcase how renewable energy powers these initiatives. Governments, like Bhutan, utilize Bitcoin mining for economic development, while miners contribute to energy grids. The discussion underlines Bitcoin’s potential as a driver of sustainability and access to energy, painting a new image of the sector as a public good.
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ANECDOTE

Bitcoin Mining in Iceland

  • Iceland miners use surplus renewable energy from hydroelectric and geothermal sources.
  • They mine Bitcoin at the energy source, minimizing transmission losses.
ANECDOTE

Bitcoin Mining Using Flared Gas

  • Mara uses flare gas from shale oil production to power Bitcoin mining.
  • This captures otherwise wasted gas, reducing environmental harm and earning carbon credits.
INSIGHT

Bitcoin Mining Faces AI Energy Competition

  • Bitcoin miners now compete against AI compute for electricity, driving up power costs.
  • Dual-use facilities with Bitcoin mining and AI compute help manage this competition for energy.
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