Bitcoin Q&A: Energy consumption

Bitcoin Q&A: Energy consumption

[AUDIENCE] I want to ask you about the energy consumption in mining. [ANDREAS] Yes? [AUDIENCE] What is the solution for it? [ANDREAS] Well, energy consumption in mining is — I think — misrepresented very often in two ways. [Cryptocurrency] mining is one of the few industries that is completely geographically independent, meaning that it doesn’t…

Bitcoin Q&A: Solar energy & mining in space

Bitcoin Q&A: Solar energy & mining in space

[QUESTIONER]: Suppose the solar technology advances very well… [ANDREAS]: Yes. [QUESTIONER]: It will capture a lot of [solar energy] with very high efficiency. So marginal costs will become zero. Then would proof-of-work still work, with marginal costs at zero? [ANDREAS]: That’s a good question. Suppose that solar energy advances with its efficiency and you can…