How Bitcoin Mines Were Airlifted From China to the US | CRYPTOLAND Episode 7

Ғылым және технология

The Chinese government has long tried to stamp out cryptocurrencies in the country with varying levels of success. In 2021, a ban on mining finally sent firms packing and seeking countries like Kazakhstan with friendlier stances toward crypto mining. They've also found homes in towns all over the US, where companies are encountering both support and criticism from locals, as well as politicians at the state and federal levels. Will Bitcoin be regulated in the States, and how should our leaders approach it?
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Пікірлер: 423

  • @Motherboard
    @Motherboard2 жыл бұрын

    Watch the next episode of CRYPTOLAND here: kzread.info/dash/bejne/f3mOrsqxXZzddJM.html

  • @lionlamb2702

    @lionlamb2702

    2 жыл бұрын

    Have you looked into Sos limited in Wisconsin?

  • @Suspect340R

    @Suspect340R

    2 жыл бұрын

    Why don’t y’all do some research and report on #ETHGate? I guarantee you’ll find some interesting information! @Motherboard

  • @thatoneguywon4527
    @thatoneguywon45272 жыл бұрын

    I dont understand how this is good for any local economy. It uses enormous amounts of energy and literally only benefits the miners.

  • @Cal-TwentyNine

    @Cal-TwentyNine

    2 жыл бұрын

    DING DING! Because it doesn't :)

  • @mcdroppalog4569

    @mcdroppalog4569

    2 жыл бұрын

    What about gold mining lol

  • @mcdroppalog4569

    @mcdroppalog4569

    2 жыл бұрын

    You don’t do your research buddy

  • @thatoneguywon4527

    @thatoneguywon4527

    2 жыл бұрын

    @@mcdroppalog4569 you are funny

  • @mcdroppalog4569

    @mcdroppalog4569

    2 жыл бұрын

    @@thatoneguywon4527 i may be, but you are ignorant if you think that Bitcoin is going to ruin the planet, or that Bitcoin only benefits miners. China would be a great place for you lol

  • @Cabnr310
    @Cabnr3102 жыл бұрын

    Bitcoin miner:"In a way we're printing money" Fed: Hold my beer

  • @Timeless_Essence

    @Timeless_Essence

    2 жыл бұрын

    Thats why I hate when they say that. Bring unwanted attention

  • @nam18111

    @nam18111

    2 жыл бұрын

    IRS heavily breathing*

  • @Wigwhom86

    @Wigwhom86

    2 жыл бұрын

    @@Timeless_Essence it's so true though

  • @peterwinter8028
    @peterwinter80282 жыл бұрын

    I have never seen so much spam / fake comments under a YT Video. And even fake conversations (thats a new for me). In a way its actually fascinating…

  • @stugots2863

    @stugots2863

    2 жыл бұрын

    Where there is crypto, there’s fake / spam comments.

  • @ExaPaw

    @ExaPaw

    2 жыл бұрын

    Scam spam

  • @ditlofj3280
    @ditlofj32802 жыл бұрын

    Great video

  • @potatoface4698
    @potatoface46982 жыл бұрын

    PLEASE FOR THE LOVE OF GOD DISABLE ALL COMMENTS ON CRYPTO VIDEOS ❗❗I'm sick of the constant fraudulent Bots

  • @Belioyt

    @Belioyt

    2 жыл бұрын

    @@Etaoinshrdlu69 very entertaining. Helps gauge the state of the art of conversational bots

  • @Christosan88
    @Christosan882 жыл бұрын

    “Cant control a decentralized force” IRS will certainly tax it and does.

  • @holdenwinters68

    @holdenwinters68

    2 жыл бұрын

    Not if it's also anonymous like Monero.

  • @Etaoinshrdlu69

    @Etaoinshrdlu69

    2 жыл бұрын

    @@holdenwinters68 The problem with Monero is that they are constantly creating more Monero so its not a good investment

  • @holdenwinters68

    @holdenwinters68

    2 жыл бұрын

    @@Etaoinshrdlu69 No, that's not true. Its a fixed supply of 18M

  • @edawg654

    @edawg654

    2 жыл бұрын

    No one can change Bitcoin

  • @yellowgreen5229

    @yellowgreen5229

    2 жыл бұрын

    They are delusional libertarians, as soon as the government decides to stop drug coins, climate armageddon and tax evasion these coins are gone. BAN BITCOIN

  • @_Painted
    @_Painted2 жыл бұрын

    Surely we can come up with something much more useful to spend all of this electricity on... Instead of wasting all of this electricity on cryptocurrency mining, why not produce useful commodities that require electricity, like nitrogen fertilizer, hydrogen fuel, and aluminum metal...?

  • @maskonmotivation
    @maskonmotivation2 жыл бұрын

    I just knew this was going to happen🔥🔥🔥🔥🔥🔥

  • @chadgibbs3341
    @chadgibbs33412 жыл бұрын

    i dont think China lost much from their decision to ban crypto mining afterall bitcoins prices keep fluctating and its running out really fast as more and more of these companies keep on emerging

  • @peterbardsley2636

    @peterbardsley2636

    2 жыл бұрын

    you should read up on the bitcoin halving, the last bitcoin is to be mined in 2140. every couple of year the bitcoin mined halves. so running out out of bitcoin to mine isn't really a problem.

  • @chadgibbs3341

    @chadgibbs3341

    2 жыл бұрын

    @@peterbardsley2636 but as it halves it becomes less valuable .

  • @Tribuneoftheplebs

    @Tribuneoftheplebs

    2 жыл бұрын

    Bitcoin mining competes with industry for energy consumption. Not good

  • @jsplit9716

    @jsplit9716

    2 жыл бұрын

    It seems like a smart decision as they were having huge energy shortages at the beginning of theis year.

  • @chadgibbs3341

    @chadgibbs3341

    2 жыл бұрын

    @@_marlene lol (reply to this i dare u)

  • @DavidNunezPNW
    @DavidNunezPNW2 жыл бұрын

    The option to hide money under my mattress is also there but it doesn't mean it's a good idea lol

  • @jspafford
    @jspafford2 жыл бұрын

    Why is the VO 15db louder than the rest of the program? What? Because you don’t have an editor that knows how to mix audio?

  • @taurox5846
    @taurox58462 жыл бұрын

    People mining the coin think they're the ones making money, but it's actually the people manufacturing the ASICs that are making the real money.

  • @louisclifford9874
    @louisclifford9874 Жыл бұрын

    I came here to learn how to invest after listening to a guy on radio talk about the importance of investing and how he made $460,000 in 4 months from $160k, somehow this video has helped shed light on some things, but I'm still confused, I'm a newbie and I'm open to ideas.

  • @anthonysam9391

    @anthonysam9391

    Жыл бұрын

    Investing in stocks and crypto is a good idea, a good trading system would put you through many days of success.

  • @tinythomas4438

    @tinythomas4438

    Жыл бұрын

    It is possible to produce superior performance provided you do something different from the majority. However most of us tend to pay more attention to the shiniest position in the market to the cost of proper diversification.

  • @wilsonbrown8993

    @wilsonbrown8993

    Жыл бұрын

    Having monitored my portfolio performance which has made a jaw dropping $370k from just the past two quarters alone, I have learned why experienced traders make enormous returns from the seemingly unknown market.

  • @louisclifford9874

    @louisclifford9874

    Жыл бұрын

    @@wilsonbrown8993 Interesting, I have a lump sum doing absolutely nothing at all in my bank account, I wanna get something started with it. You seem to be doing excellent for yourself, how do you achieve this?

  • @wilsonbrown8993

    @wilsonbrown8993

    Жыл бұрын

    @@louisclifford9874 Exactly, the trick is to diversify your investment, don't panic when everyone else is and invest consistently.

  • @Dejan_23Unlimited
    @Dejan_23Unlimited2 жыл бұрын

    Update, week after NY is banning big mining ... on the move, again.

  • @nedj10
    @nedj102 жыл бұрын

    He calls coal terrible then creates a huge power draw that pulls all of it power from non-renewable sources...rich..hypocritical, but rich.

  • @deaddoll1361

    @deaddoll1361

    2 жыл бұрын

    He has weasel characteristics.

  • @TheJttv

    @TheJttv

    2 жыл бұрын

    Niagara Falls, NY is nearly 100% hydro. Thats not to say added demand is good for the grid.

  • @user-jl1sz7su4p

    @user-jl1sz7su4p

    2 жыл бұрын

    @@TheJttv flexible power added to the grid is good for it. it can be turned off if needed in a critical moment like the hottest day in August. this is good.

  • @holdenwinters68

    @holdenwinters68

    2 жыл бұрын

    @nedj10 Hydro is renewable. What are you talking about?

  • @stachowi

    @stachowi

    2 жыл бұрын

    as long as the line goes up... everyone turns a blind eye to the hypocrisy and scammy nature of crypto... weeeee!!!!

  • @wyattlandon1914
    @wyattlandon19142 жыл бұрын

    Great< video and some nice tips! This is a scary time for new investors but the best thing you can do is not to make decisions based on emotions. This could actually be a good time to buy more of your high conviction stocks or crypto on a discount. Wealth is created during bear markets, not bull markets. If your portfolio is really effecting your mental health then delete the app and go for a walk. Let the market do its thing and have a long time horizon. I buy and just trade long term more than ever, I have made over 16` btc from day trading with Mr Cederic in few weeks this is one of the best medium to backup your assets incase it goes bearish

  • @wyattlandon1914

    @wyattlandon1914

    2 жыл бұрын

    *тє|є-gяαм @ C_Trade1*

  • @betisabrownerf6032

    @betisabrownerf6032

    2 жыл бұрын

    Wow I'm just shocked you mentioned expert Mr Cederic, I'm a living testimony of his strategies, he has changed my financial status for the best, all thanks to my aunt who introduced him to me

  • @masonethan8107

    @masonethan8107

    2 жыл бұрын

    The way that some of you don't know about Mr Cederic ventures is slaughtering me even with the current market vacillations I actually win 89% of my exchanging utilizing their SiGnAlS

  • @ailbhekayleigh5884

    @ailbhekayleigh5884

    2 жыл бұрын

    Thanks a lot Sir for your awesome insights on market movement and introducing new potentials. Really appreciate you!

  • @lassonhylkema9848

    @lassonhylkema9848

    2 жыл бұрын

    I watched trading videos and tried to do it on my own but lost everything ?? It's not all about watching videos and wasting your time on strategies, as a newbie you need an expert trader like. Mr cederic

  • @lb2791
    @lb27912 жыл бұрын

    Unfortunately when it comes to crypto, there isn't that much more security when it comes to regulations in the USA than in China. It seems like there is a constant danger of crypto being essentially banned with the stroke of a pen. Of course the more crypto businesses there are in the US the less likely this will become, as they can start to lobby for their interests.

  • @joshuaphillips755

    @joshuaphillips755

    2 жыл бұрын

    Crypto businesses? I thought it was supposed be a form of currency, not a product.

  • @lb2791

    @lb2791

    2 жыл бұрын

    @@joshuaphillips755 Bitcoins use cases are being a currency and a store of value. Bitcoin also doesn't have a company behind it. Other cryptos usually try to build some use case out of smart contract functionalities and have a company behind them. The crypto token is not used like a currency in this case but serves some function in the ecosystem and also serves as a sort of stock of the company (as they will have reserves of the token that they can sell to raise funds for investments).

  • @lb2791

    @lb2791

    2 жыл бұрын

    Crypto exchanges are also businesses of course.

  • @rolux4853

    @rolux4853

    2 жыл бұрын

    And it should be banned! We’re living in a insane society! I used bitcoin in the beginning to buy stuff from China and that’s what it should be for, a currency not an artificially blown up investment that destroys our environment! When all those people entered that have no clue what the internet really is for it all crumbled. They wanted to limit and profit of something that should be free! The internet should have liberated the whole world in being a completely free and uncensored way of communicating and exchanging data. Now it’s a capitalist nightmare that accelerated the demise of our world by a unimaginable high factor.. It’s so sad to see humanity destroying itself over a made up, digital currency. Think about it a little bit and you get overwhelmed by how crazy it is. And I’m by no way a hippie, I’m a Software engineer!

  • @darnielng

    @darnielng

    2 жыл бұрын

    @@joshuaphillips755 It became a speculative platform. no actual product / value created.

  • @a.j.haverkamp4023
    @a.j.haverkamp40232 жыл бұрын

    Order a shipping container, fill it, ship it, unload the shipping container. Doesn’t sound too complicated too me. Mining is “printing” money and destroying the environment. Green energy used? Use it for other purposes.

  • @Silverwidows

    @Silverwidows

    2 жыл бұрын

    the fiat money system uses way more energy than crypto does, so an argument could be made that as technologies in green energy get better over time, the less stress on the environment could occur switching from fiat to crypto. You're never going to get green with mining gold, printing money and building sky scrapers used for stock markets and industries around them. Crypto on the other hand, the energy can be sourced from geo thermal, wind, solar and tidal, and as those technologies get better, cheaper, less destructive to the environment, the better for the planet, even if crypto is using allot of energy.

  • @lPOTCl

    @lPOTCl

    2 жыл бұрын

    based on your logic since there is a 50% profit atleast on that energy being spent to make a btc. every store that makes 7-12% profit using electricity for their buildings full of electronics using electricity all day without being used more than a few times, should be shut down. does the fed use green energy when printing money? do the banks use green energy when doing all their online transactions? by your logic we are living in some utopia world when actually there are many problems to be fixed not only financially but in own governments all over the world. we already spend so much and get little in return for the richest people in the world to make and control all the money at this point anything to change that will be better.

  • @fullcircle4723
    @fullcircle47232 жыл бұрын

    Very informative and I guess its what we expected long ago because thats why it was created - to fight against big bank fees and the like. But then again, there are many who can bypass the tax department and thats where crypto has no foot to stand on. WAP

  • @jcleveland9056
    @jcleveland90562 жыл бұрын

    Come to Avon Lake, Ohio!

  • @skullmecca8492
    @skullmecca84922 жыл бұрын

    Bitcoin is ancient tech at this point and is a huge waste of resources just to track and make a currency compared to alot of other cryptos

  • @ZebbMassiv
    @ZebbMassiv2 жыл бұрын

    Explains the chip shortage

  • @gian534able
    @gian534able2 жыл бұрын

    Household consumers are paying more for their energy than those billionaires.

  • @lPOTCl

    @lPOTCl

    2 жыл бұрын

    not only do they move to areas that are cheaper but they buy their own power stations to get electricity 40-60% off what they would pay. its just business, if you want the world to keep running; business needs to be profitable.

  • @svettnabb
    @svettnabb2 жыл бұрын

    BTC mining doesn’t create jobs though (barely any).

  • @usejasiri

    @usejasiri

    2 жыл бұрын

    It incentives more energy production and chip production, those two definitely create jobs. Plus it's also capital that people trade for, get money, then spend.

  • @normalizedaudio2481

    @normalizedaudio2481

    2 жыл бұрын

    Security guard, if you are lucky. $11/Hr. Sucks to be around those machines too.

  • @each1teach1

    @each1teach1

    2 жыл бұрын

    It also created software jobs

  • @frankthefkintank

    @frankthefkintank

    2 жыл бұрын

    You think that power, networks, hardware, software, real estate, regulation, etc etc etc - all just magically come together? It's a huge and growing industry - Real people doing real jobs - likely jobs that you are not qualified for.

  • @svettnabb

    @svettnabb

    2 жыл бұрын

    @@frankthefkintank - And there you have it. Going straight for personal attacks. I work in IT-security, I know how to setup everything to run this puny and poorly design "data centre", everything except utilities and building stuff I can easily do - and none of the latter require a lot of work. Two people can run a "data centre" that size, no problem. They are only more people now because they need to setup hundreds of nodes, that is not something they do when it is operational.

  • @dahak972
    @dahak9722 жыл бұрын

    “Holy shit”, is that a journalism technical term? Have any of these vice reporters gone to journalism school?

  • @forcesightknight
    @forcesightknight2 жыл бұрын

    How are they any different than the federal reserve, now that little guys can't compete?

  • @ameerkhwin8788
    @ameerkhwin87882 жыл бұрын

    I bet you we don't tremble just because we use a lot of amount of energy, but when this energy losses affects our daily bills oh we're coming for a Bitcoin

  • @DaringBob312
    @DaringBob3122 жыл бұрын

    Much more informed episode. Having people on for interviews that have been involved in the industry for years will give you a better idea of what bitcoin is and what it's trying to achieve.

  • @i0.0t
    @i0.0t2 жыл бұрын

    Weird video title... This whole thing was weirdly produced.

  • @breakhart
    @breakhart2 жыл бұрын

    the question is how much power those machines needed vs how much money generated in an hour

  • @dangda-ww7de

    @dangda-ww7de

    2 жыл бұрын

    If they are losing money then they wouldnt be doing it.

  • @breakhart

    @breakhart

    2 жыл бұрын

    @@dangda-ww7de I know, I'm just curious how much that's it, since I don't know how much power those machines require to run, that's all

  • @pmc9194

    @pmc9194

    2 жыл бұрын

    @@breakhart if you're looking for direct figures and stats, I wouldn't know off the top of my head. But important thing is they are making a net profit per mining computer. Bitcoin miners' main strategy is keeping costs down per Bitcoin mined. Bitcoins mined per block will decrease as time goes up, but this wouldn't likely affect cost.

  • @kronickruesader
    @kronickruesader2 жыл бұрын

    It's not complicated at all, you just didn't want to take the extra 2 minutes per machine to unplug everything

  • @MoonLiteNite
    @MoonLiteNite2 жыл бұрын

    always good to see a video from vice when the answer is not "because racism!"

  • @judgemanny9316
    @judgemanny93162 жыл бұрын

    if the main banking network were to KYC all crypto exchanges. all real money would be lost. and with so many ponzi rug pulls happening. its the easiest way to prevent it from happening frequently. as there wouldnt ve any use for crypto

  • @jessevanderhamm
    @jessevanderhamm2 жыл бұрын

    Maybe this guy has one location that uses water from Niagara Falls to power his processing but Doesn’t the electricity that’s mining all that Bitcoin just come from a different coal power plant somewhere else? I don’t think it’s as green as they’re saying…

  • @dirt8589
    @dirt85892 жыл бұрын

    Self appointed, I want to live in that reality.

  • @dryzalmynelli9600
    @dryzalmynelli96002 жыл бұрын

    Why are there so many scam bots talking to each other? Verify identities for every account. Problem solved.

  • @JcCustomCreations
    @JcCustomCreations2 жыл бұрын

    Bitcoin isn't a selfish wealth it allows me to work internationally on crypto mining ⛏️ all the way here in Belize

  • @desmondbello4144
    @desmondbello41442 жыл бұрын

    Bet they're pretty annoyed at the moment after the massive drop in price of Bitcoin!!

  • @tiagreene2674
    @tiagreene2674 Жыл бұрын

    I dont know about this mining for bitcoin. Something doesnt add up to me. why does it have to be a mining activity surrounding this.

  • @shanebluebutterfly
    @shanebluebutterfly2 жыл бұрын

    Why would you ever put your expensive equipment in that dystopia. For every one this guy, there are 10 whose machines were taken by winnie the pooh.

  • @rrufio3026
    @rrufio30262 жыл бұрын

    We keep mining Bitcoins but how many bitcoins left to mine and how many years left till we get there to stop mining?

  • @HiveminedMining

    @HiveminedMining

    2 жыл бұрын

    you've got about 100 years left

  • @pmc9194

    @pmc9194

    2 жыл бұрын

    You can literally look this up, and have the answer to both questions (ie. under 2million BTC, and the last will be mined in the year 2140).

  • @rrufio3026

    @rrufio3026

    2 жыл бұрын

    @@pmc9194 how does it take 100 years to mine where as bitcoin started only in 2010 and already mined majority of it?

  • @pmc9194

    @pmc9194

    2 жыл бұрын

    @@rrufio3026 feel free to do research on Bitcoin Halvings. Or just google some research on when all Bitcoin will be mined.

  • @CanadianBear47
    @CanadianBear472 жыл бұрын

    Dear would us more about the power plant story

  • @reymarkarevalo1024
    @reymarkarevalo10242 жыл бұрын

    in short word if the bitcoin minning create work at that area the government give a free hand to them.

  • @Silverwidows
    @Silverwidows2 жыл бұрын

    I like crypto, been in it for a while but it's not totally decentralised. Miners still rely on countries to accept them, and lets say every country in the world banned mining, that's them done, or atleast pushed underground. It probably won't happen, because law makers in one country will for go the energy consumption in favour for taxes from mining

  • @Henkkaassouffle
    @Henkkaassouffle2 жыл бұрын

    China just wanted to buy the dip lol

  • @mgtowlevel5293
    @mgtowlevel52932 жыл бұрын

    That Mayor is a joke. Needs BTC mining to have biz in Niagra? WOW!!! Just invite fent dealers. Criminal!!! No promotion of small biz.

  • @float_sam
    @float_sam2 жыл бұрын

    it will airflift to wherever the cheapest power and cooling that allows them to run

  • @edawg654
    @edawg6542 жыл бұрын

    Miners are just data centres. The only reason why we care about mining, is because of the political ideology at play with Bitcoin, which by the way is agnostic. Bitcoin is a tool for freedom and more responsible government monetary policy, which by the way is in dire need of changes.

  • @baileyb9690

    @baileyb9690

    2 жыл бұрын

    True

  • @robotfantome7404
    @robotfantome74042 жыл бұрын

    That's a lot of ASICS. I love her outfit. (not your regular phishing comment to make quick money in crypto)

  • @retrodave79
    @retrodave792 жыл бұрын

    The guy from the begining trying to sound "very ecofriendly" is insulting. "very disgusting carbon footprint" and then says "I need lots of cheap energy"... yeah...

  • @716racingchannel
    @716racingchannel2 жыл бұрын

    Lmao you have No Clue what N. FALLS IS LIKE Welcome Too The Getto

  • @BakuganBrawler211
    @BakuganBrawler2117 ай бұрын

    We need to ban them here too unless it’s using renewable energy that the company itself invests in rather than relying on Americans to power them whilst we struggle to pay electric bills that rise over 30% due to corporate greed.

  • @BakuganBrawler211

    @BakuganBrawler211

    7 ай бұрын

    Also notice all the bot accounts swarming the comments lol Winnie doesn’t like the exposing of his empire!

  • @laftiskuno1357
    @laftiskuno13572 жыл бұрын

    Can talk to Plug Power Inc. for their hydrogen fuel cell data center backup power supplier.

  • @moscodon2310
    @moscodon2310 Жыл бұрын

    I was so happy I just made my first withdraw, All the money I got scammed Expert Mrs Sonia James made me to be happy again today,everyone is complaining about the falling today I’m so happy

  • @lilianbrodrick9044

    @lilianbrodrick9044

    Жыл бұрын

    Yes I' m also a living testimony of expert Mrs Sonia James

  • @jorgerm1953

    @jorgerm1953

    Жыл бұрын

    人人人人 十𝟰𝟰𝟳𝟯𝟲𝟬𝟱𝟭𝟱𝟯𝟴𝟯人人每人꧂

  • @jorgerm1953

    @jorgerm1953

    Жыл бұрын

    Available on WhatsApp

  • @tigenulty5893

    @tigenulty5893

    Жыл бұрын

    Her method surprised me

  • @tigenulty5893

    @tigenulty5893

    Жыл бұрын

    When I saw testimonies all over the place I thought it was made up stories till I was convinced and gave it a try and honestly I don't regret the move I made because I invested in a big way

  • @giodew
    @giodew2 жыл бұрын

    1:02 ??? Right, because crypto mining is 'clean'

  • @ivanrlynn
    @ivanrlynn2 жыл бұрын

    Hydro plus Bitcoin, technology transendance

  • @ndginla8125
    @ndginla81252 жыл бұрын

    This can't continue. The mining algorithm gets exponentially more difficult to solve as coins are mined. Eventually mining will be unprofitable and will stop. OR Quantum computers may make the computations trivial, and the world is flooded with worthless tokens. Besides, transactions are taking longer and longer to process. It was a bad idea, poorly executed.

  • @wulfboy_95
    @wulfboy_952 жыл бұрын

    I used to GPU mine bitcoins.

  • @tatadomanillo8557
    @tatadomanillo85572 жыл бұрын

    Money money money money money money...........

  • @andyvdw5839
    @andyvdw58392 жыл бұрын

    sure it will produce jobs, not only to maintain. think they will need more security then workers. knowing you see 8-10mil in 1room.

  • @benmcreynolds8581
    @benmcreynolds85812 жыл бұрын

    Crypto has solidified to me that we intentionally make life "as complicated and inefficient as possible" and that you can make anything be money if multiple people agree to it. I really don't see how crypto has resale value, or actual use, like what is stopping companies from just saying they won't accept crypto as a payment type and if you haven't cashed out then you essentially have a bunch of made up worthless asset's. But money itself is made up and worthless. I just wish we could focus on lifting up the poor working families, if we lift up the lowest income and standard of living people, it would benefit the entire society and economy. The cost of living compared to the average person's income is so unbalanced and essentially could create a cascade issue of people not being able to pay their month to month bills that they are already struggling greatly to keep up with the lowest level of living costs in modern society. (I'm talking mostly America here)

  • @benweya

    @benweya

    2 жыл бұрын

    What would make us all agree something is money. If its a person or a group of people, that's too much power and too much temptation to be corrupt. It has to be something we can all be sure of, that's why it was gold before and its bitcoin for some people. All this complication is just so that one can be sure bitcoin will continue to work as money. You have to help yourself before you can help others, put on your mask before you can put it on others. Good money allows you to help yourself. Money with inflation helps the Govt help you. US Govt employees recently got a pay rise, did you get one as well?

  • @baileyb9690

    @baileyb9690

    2 жыл бұрын

    It's value is this simple: it can be sent and received by anyone to anyone at any time of day with no third party . Banks and financial institutions are predatory. If you want to help poor people - stop signing them up for bank accounts and credit cards that are owned by PREDATORS!!

  • @marcogallo2811

    @marcogallo2811

    2 жыл бұрын

    It has no more value than our dollar in that sense. And as someone already commented, its only plus is it can be traded back and forth without any regulations. But having an inherent value? It doesn't have it any more than our dollar does, it's just an agreed upon value. And the people who are "advocates" for crypto like they mention in the video, and the miners of bitcoin don't give a damn about the communities they go into or about "decentralization" in reality if you look at their actions. The majority of them are just heavily invested into the asset, and will lobby hard to raise the price. And as soon as profitability isn't great where they're mining it, they'll pick up and leave those communities the same way they found them, if not worse. There's no evidence to the contrary to say they're doing good.

  • @marcogallo2811

    @marcogallo2811

    2 жыл бұрын

    The idea of crypto and decentralized currency in general sounds great. The other guy already said it (bank accounts, and credit cards, predators), etc... But the people mining and holding most of the power in the crypto industry are all at the top too. And they control the ups and downs of the market as they wish because they have the funds to do so. So it's not much of a difference, just different people in power.

  • @baileyb9690

    @baileyb9690

    2 жыл бұрын

    @@marcogallo2811 the dollar is fragile because foreign interest can influence it. see the ruble. see the petro dollar. any conflicts will negatively effect the price. btc is neutral. you really think that has no value whatsoever?

  • @nalo1728
    @nalo17282 жыл бұрын

    every year china bans crypto lmao. been to crypto since mt gox. i'm a gpu miner and yes i didn't sell. DCAing to $1m btc

  • @Strimbles
    @Strimbles2 жыл бұрын

    $SOS Ltd is the stock to invest in this story. They are currently setting up facilities like these all over the US, including hydro. Once everyone knows the stock will 10x-100x and many of us will be so RICH!!!

  • @SceneSIMON
    @SceneSIMON2 жыл бұрын

    mines should underground for natural cooling and noise cancellation

  • @ZincFold
    @ZincFold2 жыл бұрын

    China has better things to use its energy on. China is also rolling out its digital Yuan.

  • @dontbestupid6664
    @dontbestupid66642 жыл бұрын

    Look at all the scammers in the comments and KZread won’t do anything about them. Pathetic.

  • @iVETAnsolini
    @iVETAnsolini2 жыл бұрын

    Yeah, money. Duh

  • @Scriptease1
    @Scriptease12 жыл бұрын

    Imagine the 8 million dollar worth of asics would calculate something useful ...

  • @Wigwhom86

    @Wigwhom86

    2 жыл бұрын

    Like securing a financial system by validating each and everything transaction?

  • @umu8934
    @umu89342 жыл бұрын

    Crypto crash gone crazy this time 🙃

  • @maximusultra1847
    @maximusultra18472 жыл бұрын

    With the way currencies of government like Lebanon and Sri Lanka are crashing their local population would fair better locking some value of their falling currency by investing in crypto currency.

  • @greencontact
    @greencontact2 жыл бұрын

    Used to create energy now just wastes it..

  • @ziozzot
    @ziozzot2 жыл бұрын

    free markets work

  • @erwinguillot3331
    @erwinguillot33312 жыл бұрын

    What a waste of energy

  • @TechnicalPersonnel
    @TechnicalPersonnel2 жыл бұрын

    He is saying dirty days of factory due to carbon. and will not talk about dirt due to device manufacturing and heat and carbon BTC mining is causing. They all care for money only. Not different after all.

  • @marshaljames6865
    @marshaljames68652 жыл бұрын

    GOOD CONTENT!!! Very engaging right from the beginning These are tough times and frankly I appreciate how you discuss global finances in such a delicate way. Business and investment are the best way to make money even under the nose of the pandemic😷.

  • @virgilpalmer2427
    @virgilpalmer24272 жыл бұрын

    People think bitcoins are an actual product... like coal..? 🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣

  • @jpsimas2
    @jpsimas22 жыл бұрын

    what a huge waste of power

  • @afeezlasipa3994
    @afeezlasipa39942 жыл бұрын

    On Telegram

  • @MsTickle
    @MsTickle2 жыл бұрын

    Save some Bitcoin for those of us running small mining rigs, please 🤣😊💋💋

  • @dangda-ww7de
    @dangda-ww7de2 жыл бұрын

    Two asian speaking english about ccp in the usa.

  • @plobsang
    @plobsang2 жыл бұрын

    I thought all the bitcoins are already mined. Can you still mine bitcoin ? Is bitcoinUnlimited ?

  • @pmc9194

    @pmc9194

    2 жыл бұрын

    No its not already mined. Bitcoin is not unlimited.

  • @lPOTCl

    @lPOTCl

    2 жыл бұрын

    every transaction that fractions a bitcoin needs to be "mined"

  • @TimothyCHenderson
    @TimothyCHenderson2 жыл бұрын

    The amount of bots in the comments section is astounding.

  • @unreliablenarrator6649
    @unreliablenarrator66492 жыл бұрын

    This has not aged well. Have fun in the coal powered Bitcoin crash.

  • @griesrt
    @griesrt2 жыл бұрын

    Those are NOT $10k each. Those are old POS miners and are going for $300 rn.

  • @Benjibummi
    @Benjibummi2 жыл бұрын

    Ha….The US won’t rug pull you? Explain what the SEC did to all the Xrp investors then! 😂 Setting up a crypto company in the states is a huge risk

  • @delusionnnnn
    @delusionnnnn2 жыл бұрын

    You make a video about crypto, and all of a sudden the comments are full of crypto grifter spambots. The poetry of failure.

  • @boi4367
    @boi43672 жыл бұрын

    Good content but elongated too much

  • @GurpreetSingh-ij7fg
    @GurpreetSingh-ij7fg2 жыл бұрын

    Crypto uses so much energy it’s ridiculous

  • @holdenwinters68

    @holdenwinters68

    2 жыл бұрын

    TIL 0.2% is "so much energy its ridiculous"

  • @Juthecomedian

    @Juthecomedian

    2 жыл бұрын

    Christmas lights in America alone uses 5x more energy. Which one is providing a service? Which one can we go without. Cell phone Chargers left in the wall in the U.S. alone could power the Bitcoin network for 3 years. No one is taking their charger out the wall anytime soon. No one cares about these things.

  • @jeffsteyn7174

    @jeffsteyn7174

    2 жыл бұрын

    Yeah tvs use more than double. But yeah mining is ridiculous

  • @JohnThomas-gq4of
    @JohnThomas-gq4of2 жыл бұрын

    *I will forever be indebted to you,you've changed my whole life continue to preach about your name for the world,to hear you've saved me from a huge financial debt with just little investment,thanks you so much,Mrs Sandra jackson*

  • @stellacruz827

    @stellacruz827

    2 жыл бұрын

    _WOW...amazing to see here who traded with Mrs Sandra jackson, i am currently on my 7th trade with her and my profit has grown tremendously_

  • @mathewcarmen6507

    @mathewcarmen6507

    2 жыл бұрын

    *I invested with Sandra jackson,too she charge a 15% commission on my profit made after every trading session which is fair compare to the effort she put in to make huge profit*

  • @jessicakayata9337

    @jessicakayata9337

    2 жыл бұрын

    This is not the first time i am hearing of this woman and her exploit trading world but i have no idea and how to reach her

  • @tracypatricia125

    @tracypatricia125

    2 жыл бұрын

    I'm happy to see Mrs Sandra Jackson,she is recognized in the society, My cousin recommended her to me after investing $6000 and she has really helped us in time of pandemic.

  • @JohnThomas-gq4of

    @JohnThomas-gq4of

    2 жыл бұрын

    @@jessicakayata9337 You can message her on,Telegrm page below

  • @garyfisher2006
    @garyfisher20062 жыл бұрын

    Manbun…

  • @kingofrivia1248
    @kingofrivia12482 жыл бұрын

    Now im someone who is for freedom so i have nothing against this….BUT lets be honest it the biggest waste of energy and ressources on the entire world.

  • @hygrometer
    @hygrometer2 жыл бұрын

    cant wait for all of crypto to collapse

  • @kennedymills9082
    @kennedymills90822 жыл бұрын

  • @kennedymills9082

    @kennedymills9082

    2 жыл бұрын

    his

  • @luckyjeffs9971

    @luckyjeffs9971

    2 жыл бұрын

    Very nice, I was just holding before I found Kennedy. In my opinion he is one of the best out there.

  • @joycelawrence9450

    @joycelawrence9450

    2 жыл бұрын

    Sooner or later, more people will realize the power of better money and they going to absolutely LOVE it. Bitcoin to the moon

  • @felixderrick1868

    @felixderrick1868

    2 жыл бұрын

    Kennedy Williams works the market like magic, I keep on earning every single week with his awesome strategy….

  • @ryandepta6361
    @ryandepta63612 жыл бұрын

    This is why we don't have shit for pcs anymore it's bullshit

  • @JH-rz4xi
    @JH-rz4xi2 жыл бұрын

    China was a leader in crypto years before us now this 🤔

  • @FUNKYFRESH707
    @FUNKYFRESH7072 жыл бұрын

    What a waste of time and energy ,when Bitcoin was made to make track and tracing easier and you think so called decentralized is the loophole out of regulations

  • @DanBurgaud
    @DanBurgaud2 жыл бұрын

    KEEP BUYING BITCOIN DAMN IT! BUY BUY BYE!

  • @thomasdriskill5254
    @thomasdriskill52542 жыл бұрын

    No power no Bitcoin...not centralized. 🤢🤮🐂💩

  • @elizabethlilian954
    @elizabethlilian9542 жыл бұрын

    I'M NEW TO BTC AND I'VE BEEN MAKING LOSSES TRYING TO MAKE PROFIT MYSELF IN TRADING...I THOUGHT TRADING DEMO ACCOUNT IS JUST LIKE TRADING THE REAL MARKET... CAN ANYONE HELP ME OUT OR AT LEAST ADVISE ME ON WHAT TO DO?

  • @marykimberly6897

    @marykimberly6897

    2 жыл бұрын

    As a biginner who don't understand how Bitcoin trade really work and you really want to make profit from it. I will advise you to first start working with a professional broker

  • @marykimberly6897

    @marykimberly6897

    2 жыл бұрын

    I highly recommend Mrs Linda she's my current trader and her strategies are working

  • @brookelee139

    @brookelee139

    2 жыл бұрын

    Stop trading with your emotions. The position doesn’t close by it’s self unless you’re Experiencing margin calls. In which case you’re buying way more bitcoin and then your account can handle with the amount in it. Take a position and hold it till it’s in the green. Don’t let the red scare you, just be patient.

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