CLARITY ACT passes US House of Representatives with bipartisan support @Bitcoin Magazine
Delta Mike
deltamike@bitcoinveterans.org
npub1gxm5...kj0c
This is the way.
Happy 4th of July and may God Bless America!
Today is the feast day of Saint Thomas More. I pray for more men and women like him who will pay the ultimate price standing up for what is right and true against a tyrant who wants the opposite.
St. Thomas More (1478–1535) was born in London, the son of a lawyer and judge. He was educated in the finest schools and became a brilliant English statesman. He served in parliament, on the King's council, as a diplomat, and in many other prominent positions in public administration. He was highly esteemed for his unfailing moral integrity, sharpness of mind, humor, and extraordinary learning. He was also a faithful Catholic, a loving husband, and a devoted father. For his great abilities he was promoted by his friend King Henry VIII to the high office of Lord Chancellor, second in position to the king. He resigned from this post when the king, in open defiance of Church teaching, sought to divorce his wife in order to marry another woman, and to declare himself sovereign of the Church in England. Thomas More, a defender against heresy, refused to condone the king's actions. After trying unsuccessfully to persuade his friend to approve of what he was doing, King Henry VIII imprisoned More in the Tower of London. At his trial, More testified boldly for Church autonomy over the state, for the authority of the pope as head of the Church, and for the indissolubility of marriage in the eyes of God. He was eventually condemned and beheaded, dying as a martyr for the Catholic faith. Thomas More is the patron saint of statesman, politicians, lawyers, civil servants, and large families. His feast day is June 22nd.
Fountain
Tales of Abundance • Ep. 17 - Financial Sovereignty with Jim Lynch • Listen on Fountain
In this thought-provoking episode of Tales of Abundance, Dr. John Oberg and Randy Lorensen sit down with financial strategist and entrepreneur Ji...
Wealth without wisdom leads to ruin.
Cambridge Digital Mining Industry Report dropped today.
Download the full report:
Summary:
The Cambridge Digital Mining Industry Report provides an in-depth analysis of Bitcoin mining, covering global operations, industry sentiment, and energy use. Here’s a detailed breakdown:
Industry Evolution & Market Dynamics
- Bitcoin mining has transitioned from a hobbyist activity to a billion-dollar industry, with firms deploying state-of-the-art hardware and consuming gigawatts of power
- The industry is experiencing consolidation, with smaller operators struggling to compete due to rising electricity costs
- Energy expenses now account for 80% of total operational costs, making access to low-cost renewable energy a priority for miners
Energy Use & Sustainability
- 52.4% of Bitcoin mining now relies on sustainable energy sources, including 9.8% nuclear and 42.6% renewables like hydropower and wind.
- Natural gas (38.2%) has replaced coal (8.9%) as the dominant energy source, marking a significant shift in the industry’s energy mix
- Bitcoin mining consumes an estimated 138 TWh of electricity annually, about 0.5% of global consumption, with network-wide emissions of 39.8 MtCO₂
Geographical Distribution
- North America dominates Bitcoin mining, with the U.S. accounting for 75.4% of total reported activity, followed by Canada at 7.1%
- Former mining hubs like Kazakhstan have seen declines due to regulatory pressures and rising tariffs
- Verification of energy sources remains inconsistent, complicating efforts to assess and improve the industry’s carbon footprint
Future Outlook
- The industry is expected to see further mergers and acquisitions as firms seek economies of scale and resilience against Bitcoin price volatility
- Some mining firms are diversifying into AI infrastructure hosting, leveraging their expertise in large-scale power procurement and data center management
Cambridge Judge Business School
Cambridge Digital Mining Industry Report: Global Operations, Sentiment, and Energy Use - CCAF publications - Cambridge Judge Business School
This Cambridge Digital Mining report examines crypto mining economics and energy use. Review methods, regional patterns and implications for policy...
#AskNOSTR: Who has the best (logical & sound) anti-Bitcoin argument? Looking for a free article/link/pdf, if possible. Thanks in advance
You can just stay humble. You can just stack sats.