January 27, 2022

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Markets

From https://www.zerohedge.com/crypto/new-york-hydro-plant-mines-bitcoin-selling-electricity-grid

This year, some of the hottest trends in the crypto industry have been bitcoin adoption and environmental, social, and governance factors into crypto mining. 

Tesla CEO Elon Musk pushed bitcoin's environmental concerns into the forefront, calling for "renewable energy" to be used for mining instead of fossil fuels. It's no secret that bitcoin mining takes a massive amount of electricity. It's estimated that energy consumption exceeds the power consumption of countries like the Netherlands and the UAE. 

With the push towards ESG-Friendly bitcoin mining operations, there's one historic hydroelectric plant near Albany...

With BofA predicting that the US is facing a period of "transitory hyperinflation" as a result of soaring commodity prices in everything from metals to food...

.... and beyond, in what increasingly...

blur candles

Authored by Charles Hugh Smith via OfTwoMinds blog,

Inequality is America's Monster Id, and we're continuing to fuel its future rampage daily.

What's changed and what hasn't in the past...

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