Video Transcript

Is Bitcoin mining Hardware an E-Waste Time Bomb let’s have a look Bitcoin mining is energy Arbitrage so if you can see that with a certain machine you can turn a dollar of electricity into more than a dollar of Bitcoin then you can make a profit and so you’d want to buy

Mining machines Network hash rate right now is 523 xash if you know your scientific units that’s 523 million terahash at 40 terahash per machine that’s 3.7 million mining machines out there in the world so what do we do with the millions of mining machines when $1 of electricity into them does not earn

More than a dollar going out plugging them in would create a loss unless the value is not for their Bitcoin anymore it’s for their heat old machines are being retrofitted into electrical heaters to subsidize your energy bill and maximize the lifetime of every single machine what