2024-12-26T09:04:00+0000

Meet the digital currency disruptors who are making Bitcoin mining carbon negative for a greener future. Subscribe to Freethink on YouTube ► https://freeth.ink/youtube-subscribe Up next, Why Indonesian fishers now have crypto wallets ► https://youtu.be/WJy1nVLLUKw Cryptocurrency has the potential to revolutionize our monetary system. Bitcoin — the largest cryptocurrency — could provide people with a more secure, difficult to counterfeit, more streamlined, and decentralized financial system. But as bullish as people are on Bitcoin, there’s been a difficult-to-ignore shadow looming over the industry — its perceived energy consumption. All cryptocurrency transactions are recorded through a process called mining. This process requires many verified crypto miners to validate a transaction by solving incredibly difficult mathematical puzzles. This acts as a way to verify all transactions in a decentralized manner — but, because Bitcoin mining requires a lot of computing power, it uses a decent amount of energy. Now, a new data center is moving away from users to harness renewable energy at its source — West Texas. Watch on Freethink.com ► https://www.freethink.com/sponsored/bitcoin-mining/?utm_source=youtube&utm_medium=video&utm_campaign=youtube_description We created this video in partnership with @coinbase. ◠◠◠◠◠◠◠◠◠◠◠◠◠◠◠◠◠◠ Read more of our stories on cryptocurrency: Behind the crypto hype is an ideology of social change ► https://www.freethink.com/society/crypto-ideology-of-social-change/?utm_source=youtube&utm_medium=video&utm_campaign=youtube_description The future of cryptocurrency: reasons to be both optimistic and skeptical ► https://www.freethink.com/hard-tech/reasons-for-optimism-and-skepticism-on-the-future-of-cryptocurrency/?utm_source=youtube&utm_medium=video&utm_campaign=youtube_description Can we get blockchains to talk to each other? ► https://www.freethink.com/hard-tech/blockchain-communication/?utm_source=youtube&utm_medium=video&utm_campaign=youtube_description ◡◡◡◡◡◡◡◡◡◡◡◡◡◡◡◡◡◡◡ Watch our original series: ► Hard Reset: https://youtube.com/playlist?list=PLXthoedLVIdLvnNgiCshQvqKdS7T_qeGY ► Just Might Work: https://youtube.com/playlist?list=PLXthoedLVIdIS7K-6oNkrya-v-k-X4zYI ► Challengers: https://youtube.com/playlist?list=PLXthoedLVIdKeeuwpDPSyHSC54obntRxB ◠◠◠◠◠◠◠◠◠◠◠◠◠◠◠◠◠◠◠ About Freethink No politics, no gossip, no cynics. At Freethink, we believe the daily news should inspire people to build a better world. While most media is fueled by toxic politics and negativity, we focus on solutions: the smartest people, the biggest ideas, and the most ground breaking technology shaping our future. ◡◡◡◡◡◡◡◡◡◡◡◡◡◡◡◡◡◡◡ Enjoy Freethink on your favorite platforms: ► Daily editorial features: https://www.freethink.com/?utm_source=youtube&utm_medium=video&utm_campaign=youtube_description ► Solutions-based stories, straight to your inbox: https://www.freethink.com/subscribe/?utm_source=youtube&utm_medium=video&utm_campaign=youtube_description ► Facebook: https://www.facebook.com/freethinkmedia​/ ► Instagram: https://www.instagram.com/freethink​/ ► Twitter: https://twitter.com/freethinkmedia​/ ► Join the Freethink forum: http://www.facebook.com/groups/freethinkforum/