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Why is the News suddenly posting more about the electricity usage of mining for Bitcoin?

froggyboy604

froggyboy604

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I think the sudden news stories about the electricity usage of Bitcoin mining maybe written by large news sites is because it is a slow tech news day during the winter.

These bitcoin electricity usage articles which are popping up more often maybe used to distract people from more important news like Net Neutrality, the deep state government, and lack of privacy from the government.
 
This one has a different purpose actually.
Bitcoin is now skyrocketing seeing how the US Dollar is no longer a guaranteed currency.
Bitcoin is a currency governments can't control, regulate, nor tax, so it's a very scary thing to exist for the elite.

I wouldn't mind to pay taxes if they would be spent wisely.
However, Jack Ma (the CEO of Alibaba) has said the US has wasted over $14 trillion on warfare over the past three decades, which is money that could’ve been invested in domestic infrastructure and programmes for the American people.
And I believe he has a really good point, and this also applies to all of the European Union.
 
SuwakoMoriya said:
This one has a different purpose actually.
Bitcoin is now skyrocketing seeing how the US Dollar is no longer a guaranteed currency.
Bitcoin is a currency governments can't control, regulate, nor tax, so it's a very scary thing to exist for the elite.

I wouldn't mind to pay taxes if they would be spent wisely.
However, Jack Ma (the CEO of Alibaba) has said the US has wasted over $14 trillion on warfare over the past three decades, which is money that could’ve been invested in domestic infrastructure and programmes for the American people.
And I believe he has a really good point, and this also applies to all of the European Union.
Click to expand...

There are news article which say thr US dollar will be worth less money if the US fails to pay back its debt from its lenders.

I agree with Jack Ma that the $14 trillion would of been better spent on improving the lives of the American people. It is disappointing that there are many homeless, jobless, and hungry people in the US, and other richer countries, but a lot of tax money is spent on war, and investing in big companies which don't need the government's money.
 
I don't think it's entirely true, since the US Dollar is entirely being regulated by the USA, and history has proven countless of times that they can raise their limits whenever they please to do so.

It's a different story with the Euro, which is controlled by a single entity, and used by half of the EU.
So once a Eurozone country is about to go bankrupt, it's really easy to threaten that one country with wars and such on one hand, and threaten all the other Eurozone countries to bail that one country out on the other hand.

Both currencies are failing, mostly due to the way the governments handle it, and an additional reason that applies to the US Dollar: most countries that heavily depend on exporting oil and/or gas are considering to ditch the US Dollar and switch to the Chinese Yuan instead, which'll have a major impact on the US Dollar.
 
Maybe it just me but I think that bitcoin is riskier than the US or AUD. And as far as electricity goes, the usages went up because of all the mining that being going on.
 
Danielx64 said:
Maybe it just me but I think that bitcoin is riskier than the US or AUD. And as far as electricity goes, the usages went up because of all the mining that being going on.
Click to expand...

Not everyone uses Bitcoin as a way to make money in the future like stocks, gold, and silver. Some people mainly use Bitcoin to pay for stuff online, and more anonymously buy stuff online, and store money to latter buy stuff online.

Bitcoin is a way for paying for stuff online without using a bank/credit card if the traditional banks won't let you open a bank or credit account because of poor credit and a criminal record. Bitcoin is the few ways for people to pay for stuff online if they don't have a bank account, credit card, or Paypal account.

Some people use Bitcoin hide their identity if they care about their privacy even when paying for regular things like laptops, and digital songs at websites which accept Bitcoin. Plus, there are no expensive bank and credit card processing fees for stores, and buyers when using Bitcoin to pay for stuff.

People can hold onto a little Bitcoin, and cash out the rest of their Bitcoin in their local currency.
 
It looks like the rise in value of Bitcoin is good news for Julian Assange, WikiLeaks, and smaller alternative news websites which rely on donations for running their websites. Alternative news websites are sometimes not ad-friendly for ads from household brands which sell stuff like soap, food, and cars, and companies like Paypal and banks close their accounts because many alternative news stories like "the government spying on you and reading your e-mails" are stereotype as conspiracy theories and fake news until bigger news companies like CNN, BBC, ABC, Fox, etc post about it.
 
Holy son of a *insert long curse word here*! Bitcoin was falling and now it quadrupled?! *falls to knees* someone anyone give me a bit coin or two.....
 
froggyboy604 said:
It is impressive that 1 bitcoin is worth around $10000 US Dollar now.
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A new record for the price of Bitcoin 65 thousand dollars. But I think this is not the limit. So we are waiting for new records. By the way, I very successfully sold bitcoin for dollars through bikkex.com exchange. But now I am waiting for the time when it will be possible to buy bitcoin again.
 
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Demon_Skeith said:
Holy son of a *insert long curse word here*! Bitcoin was falling and now it quadrupled?! *falls to knees* someone anyone give me a bit coin or two.....
Click to expand...
You definitely should have tried to get your hands on some BTC when this was posted lol. It's almost quadrupled again!
 
It is impressive how popular Bitcoin has become where the local news is talking about how much Bitcoin was worth in 2021 where it was worth over $60000 around April 2021.
 
I buy Bitcoin and other cryptocurrencies when it's cheap and sell when it gets more expensive. This is called trading. I chose the most convenient exchange zikex.com with low fees. And I like it more then Binance.
 
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