Bitcoin’s energy consumption is transparent making it an easy target for criticism but what critics can’t see is the breakdown of energy sources.
Bitcoin is more carbon free than most industries but we need better data.
I am excited to share I’ll be joining
@novogratz
Galaxy Digital as Head of Galaxy Digital Mining.
I have greatly enjoyed my 6 years at Fidelity—I was provided freedom to develop broad investing and operating expertise in, and a passion for, Bitcoin mining.
.
@nic__carter
has been an incredible advocate for Bitcoin. He has educated an insane amount of people, has a balanced view, and is an honest kind man. The purity tests and infighting makes this community looks incredibly immature and hostile.
LONG NIC CARTER.
Let's talk more about Bitcoin's energy consumption!
There is no denying that the Bitcoin network consumes a substantial amount of energy, but this energy consumption is what makes it so robust and secure. ENERGY USAGE IS NOT BAD.
Do you love Bitcoin mining and have a strong background in finance, credit, or lending and are looking for a new job? DM me your resume! Looking to expand the mining team.👀
Imagine not working in Bitcoin right now? The most revolutionary shift is happening right now and I am feeling hella lucky to be on this rollercoaster. ⛏️🚀
The dreaded NY moratorium is back. This may seem like a “Bitcoin doesn’t care” moment, NY will just be left behind and Bitcoin will be fine..I encourage you to think about the broader implications.
Thread 🧵👇
It's unfortunate to see NY take a draconian approach to Bitcoin.
The opacity of the process & ultimate midnight lawmaking stands in stark contrast to the transparency & openness of the Bitcoin network--it's NY, not Bitcoin, that loses out w/ this misguided policy.
I'm thrilled to announce that I've embarked on a new journey after departing from Galaxy! Reflecting on my time there, I am very proud of what I accomplished alongside the Galaxy team over the past three years.
Building upon my earlier experiences at Fidelity, I successfully…
SCOOP:
@galaxyhq
's head of mining
@_amanda_fab
left the crypto financial services firm to start her own bitcoin mining consulting business. by
@Aoyon_A
I believe in transparency and I believe in moving towards a carbon free future. But the fundamentals of Bitcoin are non-negotiable. We
@GalaxyDigitalHQ
mine with
@slush_pool
and eagerly await the day that Stratum V2 is enacted to further protect Bitcoin’s fungibility.
Instead of standing by and continuing to write pieces on the topic and hope that this issue goes away, a group of miners came together to say, look we need to be transparent and we should encourage others to be transparent too.
Maybe the word council was too strong.
“Lightning is going to transform the way people interact with and use bitcoin. It’s not just, ‘Yay, the number went up, I made a 100x gain on my investment.’ It’s going to be like, ‘Oh shit, you can actually transact and use this?’”
@dickerson_des
🔥🔥⚡️
How come we are allowed to test drive cars but not test sleep at houses we are interested in purchasing? It's only one of the single largest purchases of your life but hey let's just walk through for 5 minutes and hope the shower pressure is good.
When did the term “mortgage” begin to have a positive spin? Peasants mortgaging their land was negative...Why do we think a mortgage is owning a house, when in reality, it is paying a iou? Why do we celebrate getting such a large debt?
Often find myself in deep🐇holes in mining. 1 I have been stuck on is the ASIC supply chain bottleneck and how those constraints affect the overall network growth. There are 2 things that concern me for overall growth of NA miners: supply chain bottlenecks and capital constraints
The
@galaxydigitalhq
Bitcoin Mining Summer Series videos are ready! ⛏️🔥
To recap, we hosted a 12-week series covering major topics in mining over this summer, links below 👇
I am delighted and privileged to become a part of
@TeraWulfInc
esteemed board. Having overseen substantial growth during my tenure at Galaxy, I am eager to leverage my extensive experience for the benefit of TeraWulf. With its impressive facilities and top-notch leadership team,…
Today the GM team dropped the 2022 Bitcoin Mining Review…and we know what that means..another year in mining, another mining map! And wow have we grown…
A short thread. 🧵
As we witness the market crunch, one thing is clear. Equity and debt financing for miners will remain difficult. For public companies alone the capital required to fulfill their obligations to both ASIC manufacturers and infrastructure growth commitments is massive.
thread 🧵👇
A bill that would put a three-year moratorium on
#Bitcoin
mining in New York has died due to unions.
"The bill fails to take into account the valid benefits of the technology behind the industry." said the union.
@TheRealAlexKo
Check out the final episode of the Happy Hashing Holidays limited podcast series💡📈
Austin Jones, Trent Stout,
@TrystineAnn
, and
@_amanda_fab
talk why Bitcoin mining is for everyone and discuss strategies for miners to raise investments.
Watch here →
Curious how many upgrades for iPhones the committee has had over the past 5 years? S9s are still running … still selling on secondary markets but ya let’s focus on ewaste. Makes total sense.
JUST IN - 4 U.S.
#Bitcoin
mining companies including Marathon, Riot, CoreScientific, and Stronghold have received a letter from the U.S. House Committee on Energy and Commerce demanding explanations on energy usage and e-waste.
@triketora
Yes, the alternative is we should burden children with insane amount of debt so they have to go work a 9-5 job making a basic salary, we def shouldn’t inspire people to pursue what they want. Just because you don’t like it doesn’t mean it’s not inspiring. JP is a legend.
In the U.S. according to the FDIC's 2019 report 7.1 million households are unbanked, accounting for ~5% of our population.
When asked why they cannot access financial services, 48.9% of respondents replied that they didn’t have enough money to meet minimum bank requirements.
#Miamicoin
is much easier to convert into a currency than
#bitcoin
, which is predominately a store of value, Miami Mayor
@FrancisSuarez
says.
He explains the city's relationship to the CityCoin and its use cases. Watch the full interview:
Tomorrow is the first week of a 12-week session dedicated to
#Bitcoin
mining. First up:
@btc_buddhist
to give a Bitcoin Mining 101 talk.
Come listen to the man with the best stache in mining!
Overall what does this mean? The cleanse is happening. Everyone wants to be a miner in a bull market. The best time to actually be a miner is in a bear market. The strong will survive!
New year, new opportunities! I collaborate with many companies in the mining industry, and several of them are actively seeking candidates for various positions. If you're ready for a change, share your resume. May just have just the right opportunity waiting for you! 🚀⛏️
DMs…
What we need here is a lot of education and elected officials that are willing to learn about the value of POW. Things simply can’t just change to POS. Bitcoin doesn’t sacrifice its security for anything. Energy usage is not a bad thing.
Bitcoin Mining is so hot right now! 🌶️The Galaxy Digital (
@GalaxydigitalHQ
) Mining team is seeking analysts for its 2020 summer internship program starting in June!
To apply, please fill out this questionnaire.
After a couple days in DC with
@DigitalPowerUS
I have the following takeaways:
We are still in the early stages. We might assume that everyone understands the intricacies of our world because we live and breathe it every day, but it's not a top priority for most, except for…
EXCLUSIVE: Investment firm Deus X, with $1 billion in assets, partners with
@_amanda_fab
to look for opportunity in
#Bitcoin
mining sector. by
@Aoyon_A
#Bitcoin
reduces greenhouse gas emissions that would have otherwise been burned into the atmosphere, and even manages to convert it to extra profit.
Would be a shame if this video went viral...
Spoke to someone recently who made me stop and think about at home mining. He did it, not for a profit, but for the non-kyc bitcoin. A longer term profit horizon by hodling + combined with access to non-kyc btc makes home mining very attractive. Happy
@BitcoinBroski
is on it ⛏
We launched at-home mining this morning! 🚨 To celebrate, we'll ship one S19 (95TH) directly to someone!
🏠
Like and reply to this tweet for a chance to win.
The winner will be announced on this Thursday's Twitter Space. 🥳
Earlier this year,
@_rrybarczyk
and I spent some time researching the narrative of green and clean coins while learning more about taproot and schnorr. What was our take?
If passed, we should worry that this bill language can be used elsewhere, very easily. Bitcoin will indeed be fine but there are people who have been building businesses, employing humans in NY State. This is the slippery slope. This is an attack on Bitcoin.
Meet my pal Jesse, who built a bitcoin powered hot tub for fun—in his free time. This is what the world needs in 2020. Hot tub time machine me to 2009 so I can buy more btc.
#bitcoin
#hottub
#fuckyes