Bitcoin mining is one of the most important uses of energy that society has. It drives the security of an open and sound money, and is the foundation of Bitcoin's trustless consensus system. It does all of this consuming less than 0.1% of the world's energy.
What a value.
"Bitcoin mining is a very, very, very small part of global emissions."
Riot Blockchain CEO calls mining a "noble use" of energy as the Bitcoin Mining Council made its formal debut this week amid a growing debate over the amount of energy used in crypto trib.al/9ajAXrM
VOTE FOR TRUMP! Bitcoin mining may be our last line of defense against a CBDC. Biden’s hatred of Bitcoin only helps China, Russia, and the Radical Communist Left. We want all the remaining Bitcoin to be MADE IN THE USA!!! It will help us be ENERGY DOMINANT!!!
Since 2017, Riot has used mining to increase its Bitcoin holdings over time. Proceeds from our recent convertible note issue have been used to acquire additional Bitcoin, allowing us to accelerate our goal of increasing Bitcoin per share for shareholders.
Going forward, Riot
With the additional proceeds from Riot’s upsized $594 million, 0.75% coupon convertible bond issue, the Company has acquired 667 BTC at an average price of $101,135 per BTC. As a result, Riot has increased its holdings to 17,429 BTC, currently valued at $1.8 billion based on the
