Bitcoin's energy cost

6 Minute English

BBC

Language Learning, Education

4.6 • 1.3K Ratings

🗓️ 27 September 2021

⏱️ 6 minutes

🔗️ Recording | iTunes | RSS

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Summary

Bitcoin: is it an investment option for ordinary people?

Transcript

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0:00.0	This is a download from BBC Learning English.
0:03.1	To find out more, visit our website.
0:05.6	6 Minute English from BBCLearningEnglish.com
0:13.9	Hello, this is 6 Minute English from BBC Learning English.
0:17.0	I'm Neil.
0:18.3	And I'm Sam.
0:20.0	Have you seen my lottery tickets, Sam?
0:22.0	I seem to have lost it somewhere.
0:24.7	This is another one of your get rich quick schemes, Neil.
0:29.2	People invent all kinds of ways to make a lot of money quickly and with little efforts.
0:34.8	Well, if you really want to get rich quick, maybe you should copy technology
0:39.4	tycoon Elon Musk.
0:41.7	Recently, he invested one and a half billion dollars in the cryptocurrency Bitcoin.
0:48.0	Bitcoin has made some people very rich, very quickly.
0:52.0	But as we'll be hearing in this programme, it's not without its critics.
0:56.9	Creating Bitcoins, a process known as mining,
1:00.4	uses huge amounts of electricity and green
1:03.5	campaigners and are questioning Bitcoin's impact on global energy use.
1:09.1	But before we find out more, it's time for my quiz question.
1:13.2	What year was Bitcoin first released?
1:16.2	Was it A 2009, B 2015 or C 2019?
1:24.8	I'll go for B 2015.
	...

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