Why does bitcoin usage a lot power? | CNBC Clarifies


Video key phrase : Make Money With Bitcoin Views :43031
ID: JT22_dUsl5M rating:4.60 1623841207 duration: 00:08:58 likes:875 dislikes:76

In mid-May 2021, billionaire Elon Musk sent out a tweet that collapsed the cryptocurrency market. The Tesla Chief Executive Officer revealed the electrical car firm would certainly no more approve bitcoin for acquisitions because of its significant power usage. So why does crypto-mining usage a lot electrical power, as well as exists a lasting choice? CNBC’s Nessa Anwar is signed up with by Ryan Browne to discuss.

Components of this video clip:
0:00 – Introductory
0:34 – What makes crypto various?
1:19 – Why was crypto-mining presented?
1:49 – Just how does crypto-mining job?
2:19 – The huge trouble with crypto-mining
3:23 – Just how much power does Bitcoin utilize?
4:17 – Is it simply Bitcoin with these concerns?
4:35 – Bitcoin’s largest mining nations
5:04 – Bitcoin power outages
5:20 – Federal governments countered at miners
5:46 – The advantages of crypto
6:00 – Crypto vs electronic banking
6:55 – Ethereum’s strategy to reduced power usage
7:40 – Is crypto-mining worth it?

—–

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Why does bitcoin usage a lot power? | CNBC Clarifies

download_video >>> vid_id :JT22_dUsl5Mhttps://www.youtubepp.com/watch?v=JT22_dUsl5M
38 Comments
  1. Campbell Antonio says

    Bitcoin is the future, investing in it now will be the wisest thing to do especially with the current rise in bitcoin

  2. Sandor Varga. says

    VRAU.bani.mej CHES 990.Milliarde DE EURO VRAU CHES DATA 7.jul.,2021,fa,PACET,NAME.VARGA,SANDOR,ADRESZA:GLORIA:NR;92(LOC:GIROC:JUD;TIMISOARA,,ROMANIA.TEL,,0752621579,

  3. Shiro says

    I am really confused

  4. Sandor Varga. says

    VRAU.bani.mej.ches.999990000000p.billon.2021.jul.3.

  5. Qiu Qiu Channel says

    When cost soo much energy?…. BECAUSE ITS FUTURE!!!

  6. Raymond James says

    Investing in crypto now should be in every wise individuals list, in some months time you'll be ecstatic with the decision you made today.

  7. Red Butterfly says

    This video is just a repeat of other videos in the many past.. i want to know the truth about u.s pipeline hacker, how the u.s manage to hack the hackers account and get back the money they pay in bitcoin. I thought u cant hack bitcoin so how come?

  8. Perverted Boun says

    Comment flooded with angry bots
    Crypto sunk????

  9. Marilyn Jones says

    INVESTING IN CRYPTO NOW SHOULD BE IN EVERY WISE INDIVIDUALS LIST, IN SOME MONTHS TIME YOU'll BE ECSTATIC WITH THE DECISION YOU MADE TODAY

  10. Mahpee Fishe says

    I make huge profits on my investment since i started
    trading with Ryan Jeffries her trading strategies are top notch

  11. Sagar Oza says

    Before bitcoin, the monitor in this video may fall off the table!!

  12. Michael 534 says

    the Bitcoin network uses 0.5% of global electricity consumption and we are crying about this why??

  13. Christian Wayne says

    Because of the economic crisis and the rate of unemployment now is the best time to invest and make money ????

  14. Mansur Moha says

    How much energy does Christmas tress ????use all over the world??

  15. adiintel1 says

    i thought bitcoin was the only decentralised asset arnt most alt coins been pre-mined like xrp only few owners own the majority of the market of that particular alt coin not just xrp.

  16. NITESH MOHAN DAS says

    China : u said democratize the financial system ????????????????????

  17. Alparslan Korkmaz says

    Nice video

  18. Farooq Shaik says

    The joke at the end of this, made my day ????????????????

  19. Adil Hakim says

    Lame-O.

  20. melissadarl123xx says

    cryptocurrency has followed this pattern for sometime now; It dips and gets everyone scared then after retesting an old resistance several times, we wake up one day to see it is bullish. This period is the perfect time to buy the dip and accumulate irrespective of the bulls being under pressure. Bitcoin moving up is inevitable and would see the price of bitcoin surpass it's all-time highs. The reversal was imminent because obviously, the bitcoin market needed a correction to gather the right momentum to give the bulls more steam and this just makes it the perfect time to invest and accumulate as much as possible. I'd strongly advise any newbie/traders to buy the dip for traders who are still wondering whether to enter the market or old time traders who are Holders to seek help from not just any trader but an established trading expert with at least 89% trade accuracy. I underwent a series of trading losses I'd best not talk about before I was introduced to trading analyst Dr Teller Blinkeen. My contact with him has been the Hallmark of this year for me, under his careful guide and his signal service I've been able to recover my losses and even grow my trading portfolio massively from 1.2 btc to 4.6 btc in just 5 weeks. I will advise traders esp newbies to have an orientation of trading before they get involved in it. Dr keen makes you learn daily while you make profit with his signals. He can be contacted ᴠɪᴀ Whats app : +44-7868-80-6884 and Telegram @ Teller_keen for inquiries into profitable trading strategy..

  21. melissadarl123xx says

    cryptocurrency has followed this pattern for sometime now; It dips and gets everyone scared then after retesting an old resistance several times, we wake up one day to see it is bullish. This period is the perfect time to buy the dip and accumulate irrespective of the bulls being under pressure. Bitcoin moving up is inevitable and would see the price of bitcoin surpass it's all-time highs. The reversal was imminent because obviously, the bitcoin market needed a correction to gather the right momentum to give the bulls more steam and this just makes it the perfect time to invest and accumulate as much as possible. I'd strongly advise any newbie/traders to buy the dip for traders who are still wondering whether to enter the market or old time traders who are Holders to seek help from not just any trader but an established trading expert with at least 89% trade accuracy. I underwent a series of trading losses I'd best not talk about before I was introduced to trading analyst Dr Teller Blinkeen. My contact with him has been the Hallmark of this year for me, under his careful guide and his signal service I've been able to recover my losses and even grow my trading portfolio massively from 1.2 btc to 4.6 btc in just 5 weeks. I will advise traders esp newbies to have an orientation of trading before they get involved in it. Dr keen makes you learn daily while you make profit with his signals. He can be contacted ᴠɪᴀ Whats app : +44-7868-80-6884 and Telegram @ Teller_keen for inquiries into profitable trading strategy..

  22. YouSuzuYouTube says

    So many spams here…

  23. Silent Swordsman says

    ATM machines use more energy…

  24. Stev Hawk says

    Nice video, I was able to build a big income stream during the covid-19 pandemic investing with a professional broker, Mrs Magdalena Ferguson.

  25. D Kirk says

    I feel sorry these reporters

  26. Juan Cabrera says

    IOTA

  27. SHINOY V says

    ????

  28. Vincent john says

    Miss Harry Jane is the best ,recommending her to all beginners who wants to recover losses like I did

  29. dimaz andhika says

    Back then gets 50 are very easy, now 0,000000000000000000001 are pain in the as*, back then only 2 wall to reach main sources now trilliun wall because everyone wants to get fee lol ????

  30. Asta Gues says

    Philippines????????
    Mabuhay

  31. kcwp42 says

    This is so dumb. Lmao they keep saying blatantly wrong things and don't even bother to try and figure out the truth. Typical of humans. Takes a few minutes to google this and find out that unused appliances that are plugged in use more energy than bitcoin, which is already 70% green energy.

  32. Zee says

    banking system is scared hence more and more content against mining and bitcoin. lol

  33. Jude Barry says

    I hope everyone who sees this comment succeed in the stock market:)

  34. NakProjek says

    This is how an idiot who pretend to know something looks like….

  35. muzi75 says

    <<* Elon is playing with the system. No other way to cut it. Does anyone really think that a wealthy businessman like Elon would risk investing BILLIONS in Bitcoin without first doing the research and knowing how much energy Bitcoin mining is using? I'm calling bull because no, he wouldn't have. I already knew it. Two things, if power consumption was an issue he would leave Tesla because if only 30% of the country drove Tesla it would put more energy pressure on the power grid than mining Bitcoin. But it won't kill Bitcoin. Bitcoin doesn't need Elon. It was designed to not need such people as it is decentralized which is why I know what I know today regardless of the current market (bulls or bears). I didn't think it was possible to earn regularly in trading until I came across the Bryan Cheon's program for investors / newbies who need to understand how trading works, I made over 6.4 BTC with help from Bryan, He stands out for his experienced skills in the field. Here are his details of him on Tel-gram @@ Bryancheon … ** >> .. + .. 1 .. 2 .. 5 .. 3 .. ..2..6..0..6. .8..2..0. <**

  36. Joann Mchugh says

    Ever since bitc0in cash fell by almost 10% on June 7, and it took a week’s time after that for the alt to recover its losses. The token was available at $614.12 on June 16, with the coin recovering by 6% in 2 days. B'C'H was oscillating between the $570 support and $720 resistance level. The alt had been trading in the downwards trend for the past couple of days and even then, it had not crept below the $570 support level. According to the Awesome Oscillator, bearish momentum has been the norm over the past few days. The Bollinger Bands pointed to low price volatility as the bands, while not quite narrow, were parallel. Abrupt price fluctuations are not anticipated for B'C'H. As soon as the alt started to see a minor price correction, the buying pressure increased between June 14 and 15. The Relative Strength Index signaled that the market almost had even numbers of buyers and sellers, despite the latter gaining the upper hand of late. I am currently trading under the guidance of Bryant Miller and with his accurate signal being implemented in my trade I have made 7 B'T'C from my initial 3 B'T'C in just an interval of 7 weeks. Investors should have trade experts guiding them in their trade so as to make more profit and Bryant is someone I highly recommend and an expert to be mentored by and he has his free courses on google that can help you get started too. He can be reached directly through gma'il (bryantmillertrade@gmailcom) and tele'gram (bryantmillertrade) so, trade safe everyone.

  37. Anil Munubolu says

    I just care about GPU prices please bring them back to normal 🙁

  38. Steven James says

    The concept of buying the dip is all about buying digital assets when their prices are down and selling off when the price rises just has the current market is down. Holding is profitable, although trading is far more profitable. I was to grasp the knowledge of trading crypto assets early enough, but i was still limited due to my lack of technical understanding of how to analyse the digital market , all that changed when i encountered Daniel Wright services. , although i have been into numerous services but Daniel Wright stands out with experience and expertise playing in his favour . I must confess it wasn't an easy task to learning the routes on trading but with the assistance of Daniel it was more easier to understand , Here are his details on Tel- gram ( @Danielwrightfx.

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