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MONEY REIMAGINED: The Energy Crisis: Can Mining Help?

CoinDesk Podcast Network

CoinDesk

News, Tech News, Daily News, Business News

4.7698 Ratings

🗓️ 10 March 2023

⏱️ 48 minutes

🧾️ Download transcript

Summary

With bitcoin and crypto's rise in popularity and value, there have been discussions about the industry's energy use, impact on the environment and sustainability measures. Energy infrastructure investments are essential as the world moves to reduce its carbon footprint.  On this episode of “Money Reimagined,” Michael Casey and Sheila Warren will be exploring the cryptocurrency footprint on energy consumption with guests Margot Paez,  Ph.D. candidate and Fellow at the Bitcoin Policy Institute, and Will Foxley, director of content at Compass Mining and co-host of CoinDesk’s “The Hash” on both CoinDesk TV and the CoinDesk Podcast Network.   It is a big week for energy in Houston, Texas, where Sheila and Margot are reporting … CERAWeek!  It is the “largest gathering of high-profile oil executives and energy ministers” in the world. CEOs and Ministers from nearly 90 countries attend the yearly conference in Houston. A record 8,000 are here, including John Kerry; John Podesta; U.S. Senators Murkowski, Manchin and Sullivan; and CEOs from BP, Shell, Chevron, Amazon Web Services and Palantir. It’s also the week of the Empower conference, which is the only bitcoin mining event with a focus on energy.  See Also: https://www.courthousenews.com/environmental-impacts-of-crypto-mining-under-microscope-in-senate/ https://iowacapitaldispatch.com/2023/03/07/u-s-senate-panel-probes-how-crypto-mining-increases-energy-consumption/ - Michele Musso produced and edited this episode with announcements by Adam B. Levine and our executive producer, Jared Schwartz. Our theme song is “Shepard.” - Are you building the next big thing in Web3? Apply to pitch your project live on stage at the CoinDesk Pitchfest Powered by Google Cloud at Consensus, the industry’s most influential event happening April 26-28 in Austin, Texas. Apply by March 31 for a chance to be among the twelve finalists selected to pitch. Visit consensus.coindesk.com/pitchfest for more information. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:00.0

Money is changing.

0:03.7

So where do we go from here?

0:06.1

Through high-profile interviews and thought-provoking analysis,

0:09.1

join Michael Casey and Sheila Warren for the Money Reimagined podcast,

0:13.3

as they explore the connection between finance, human culture,

0:16.0

and are increasingly digital lives.

0:19.7

And just a reminder, CoinDesk is a new source and does not provide

0:23.1

investment advice. And now, you're Sheila Warren. Hello and welcome to Money Reimagined. I'm

0:31.5

Sheila Warren. This week, I'm on the ground in Houston, Texas, at Sarah Week. Sarah Week is the largest

0:37.1

gathering of high profile executives and energy ministers in the

0:40.3

entire world.

0:41.2

Some call it the Davos of Energy, which I personally find somewhat hilarious.

0:45.7

But I will say there are 8,000 people here in Houston, including John Kerry, John Podesta,

0:50.9

a bunch of senators and CEOs from all these major companies.

0:53.7

We were invited at CCI to

0:55.6

come here and I'm speaking on a panel today talking about mining and how mining can actually

1:00.6

help with infrastructure and help with the energy crisis that we're in. But it's also the week of

1:06.1

the Empower Conference, which is a Bitcoin mining event that focuses specifically on energy

1:10.0

and is happening across

1:11.0

town. So we thought it was a great chance to kind of revisit this topic that we haven't

1:14.7

chatted about in a while. And Michael, we really haven't talked about Bitcoin mining and Bitcoin

1:19.1

dentist centers in a little while. What are your thoughts on the state of affairs?

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