Simply Bitcoin cover image

Jack Mallers & Jack Dorsey Are In Africa Spreading Bitcoin | EP 632

Simply Bitcoin

00:00

Bitcoin Miners Using as Much Energy as Belgium

Dorsey's block and venture capital investor Stillmark had led a two million dollar seed investment in gridless. Gridless seeks to harness excess energy at small scale renewable power sites in rural Africa. Most of the computing power for Bitcoin mining is currently from industrial scale centers. The industry has been battered by persistent persistently high energy electricity prices, a 66% slide in Bitcoin over the past year and stiff competition.

Play episode from 14:09
Transcript

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app