Podcasts: Bitcoin Mining 101 with Harry Sudock - WBD400 🔗 3 years ago
- Category: Podcasts | What Bitcoin Did
- Author(s): Peter McCormack
- Published: 22nd September 2021 16:41
Location: New York Date:Â Sunday 19th September Company: Griid Infrastructure Role: VP of Strategy
Bitcoin mining requires energy expenditure as a fundamental pillar of the proof-of-work consensus mechanism. While bitcoin is considered energy-intensive by some, it is often misreported in the media, overlooking its importance and the positive benefits for humanity of having sound money.
Similarly, while some criticise bitcoin mining as wasteful, there is ignorance regarding how mining companies are improving communities, the efficiency of the energy grid, and even the impact of energy use itself.
So how is bitcoin mining a driving force for beneficial change?
In this interview, I talk to Harry Sudock, Vice President of Strategy at Griid. We discuss how bitcoin mining works, mining as a force for good globally, and demonetising the political class.
