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"...And we\u2019re just considering two sources of nonrival energy: clean energy curtailment in China, and vented/flared gas in the U.S. There are many other sources of stranded and nonrival energy sources globally. Suffice to say, there\u2019s enough nonrival energy out there to run Bitcoin many times over. It\u2019s just a matter of deploying hashrate in the right locations, which miners are doing \u2014 aggressively." - Nic Carter\n\nWe have another great piece on the energy debate around Bitcoin, this time responding to a Bloomberg article by Noah Smith, but this time with a little twist. It's not so much about the environmental problem, but the economics and problems of the energy cost of the system, its explosive rise during bull markets, and how this threatens alternative uses, increases costs, and takes precious resources away from chip foundries producing much needed smartphones and computer processors. Is there anything to this criticism? Nic Carter responds in today's article:\n\nNoahbjectivity on Bitcoin Mining:\nhttps://medium.com/@nic__carter/noahbjectivity-on-bitcoin-mining-2052226310cb\n\nThe first article in question - "Bitcoin Miners are on a Path to Self-destruction":\nhttps://www.bloomberg.com/opinion/articles/2021-03-24/bitcoin-miners-are-on-a-path-to-self-destruction\n\nAnd Noah's rebuttal discussed in the Guy's Take:\nhttps://noahpinion.substack.com/p/bitcoin-mining-and-resource-use\n\nDon't forget our glorious sponsors:\nThe SO much better than your stupid 401K plan - Swan Bitcoin (swanbitcoin.com/guy)\n& the "Love your keys like family," secure, open source hardware wallet - BitBox02 (guyswann.com/bitbox)\n\n--- \n\nSend in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message