Posted on 07/22/2024 1:15:43 AM PDT by Oscar in Batangas
...
In the next one to two years, Needham analysts estimate that large publicly traded bitcoin miners are expected to more than double power capacity, including both their mining and HPC business expansion plans.
The Electric Power Research Institute estimates that data centers could take up to 9% of the country’s total electricity consumption by 2030, up from around 4% in 2023. Tapping into nuclear energy is seen by many as the answer to meeting that demand. ...
“BTC “mining” IS the process of verifying transactions...once a “block” of transactions is “cryptographically solved” then the miner is rewarded with (currently) 3.125 Bitcoins. There are also transactions fees involved that miners get. (Like credit card processing fees).
thanks!
BTW: President Trump is one of the headline speakers at the “Bitcoin 2024” conference in Nashville, TN...(July 25-27...I believe he is scheduled to speak on the 27th).
https://b.tc/conference/2024/speakers
Texas? They don’t even have enough electricity to get themselves thru the winter.
That's more than DeLorean time-travel requires!
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