Bitcoin uses more energy than all of Argentina

Bitcoin is a huge energy hog. And Tesla’s recent announcement that it had bought $1.5 billion bitcoin — and will soon accept the cryptocurrency as payment for its cars — will only encourage more energy usage.

Inhabitat reported on Bitcoin’s out-of-control energy use in 2018. Back then, we noted that Bitcoin was on track to use as much energy as Austria by the end of the year. In 2021, Bitcoin has already surpassed Argentina’s energy use, according to a Cambridge University study. To put this growth into perspective, the population of Austria is about 9 million, while Argentina has approximately 45 million residents.

Related: Bitcoin is expected to consume enough energy to power Austria by the end of 2018

Since the Tesla announcement, Bitcoin has hit a record high in value. More value means more high-powered computers sucking up energy to power the Bitcoin machine. “It is really by design that Bitcoin consumes that much electricity,” Michel Rauchs, a researcher at The Cambridge Centre for Alternative Finance, said in BBC’s Tech Tent podcast. “This is not something that will change in the future unless the Bitcoin price is going to significantly go down.”

Rauchs co-created the online tool that estimates Bitcoin’s energy use. At 121.36 terawatt-hours (TWh) a year, the tool showed that Bitcoin has surpassed the Netherlands and the United Arab Emirates, as well as Argentina, in energy use and may soon edge out Norway. To contextualize this, the Cambridge study noted that this is enough energy to power every kettle in the U.K. for 27 years.

“Elon Musk has thrown away a lot of Tesla’s good work promoting energy transition,” said David Gerard, author of “Attack of the 50 Foot Blockchain,” as reported by BBC. “This is very bad… I don’t know how he can walk this back effectively.” Gerard suggested that a carbon tax on cryptocurrencies could perhaps balance out some of the impact of the giant computers that work 24/7 solving puzzles to verifying transactions. VIEW SLIDESHOW

By Teresa Bergen,

Via BBC

Image via Pexels

Riots are driving Portland’s small businesses under, but mainstream media wants to sell you a different story

After nearly 60 straight nights of violence, business owners in Portland are sick and tired of riots. But as their stores go under, the coastal media treats the rioters to glowing coverage and city authorities do nothing.

Portland is a liberal stronghold, and as ‘Black Lives Matter’ protests fizzle out around the country, anger remains at boiling point in the Oregonian city. The protests there have not been all banner-waving and slogan-chanting affairs though. Instead, droves of ‘Antifa’ types have laid siege to the city’s Justice Center for almost 2 months, tearing down barricades, lobbing fireworks, setting fires and stabbing each other.In articles published every few days, these store owners, barmen and restaurateurs describe how the riots have driven them to the brink of bankruptcy. One clothing store manager told Oregon Live on Saturday that within days of coronavirus restrictions being lifted, he reopened his family’s store, only to watch rioters trash the premises in late May, days after the killing of George Floyd kicked off the season of unrest.Most of those involved in the riots would probably say they’re fighting police brutality or fascism, or something of the sort, but besides those injured in that fight there are other victims of the unrest – local business owners have repeatedly complained about the riots to the local media.

Other business owners told the news site that the city’s usually vibrant downtown is “desolate,” with tourism down and even locals giving the city center a wide berth. One bar owner shut down his watering hole in early July, after closing out one day with only $18.75 in sales.

RT

The Coming War on China – True Story Documentary Channel

“The aim of this film is to break a silence: the United States and China may well be on the road to war, and nuclear war is no longer unthinkable,” Pilger says in his 2016 documentary The Coming War on China.

“In a few years China has become the world’s second-biggest economic power,” Pilger’s introduction continues. “The United States is the world’s biggest military power, with bases and missiles and ships covering every continent and every ocean. China is a threat to this dominance, says Washington. But who is the threat? This film is about shifting power, and great danger.”

As we’ve been discussing for years now, the relentless quest of the US-centralized empire-like power alliance for total world domination has put it on a collision course with the surging economic powerhouse of China which refuses to be absorbed into the imperial blob. The empire’s continued existence depends upon its ability to undermine China before it grows too powerful or the empire grows too weak to stop its ascent, at which point global hegemony becomes impossible and we are living in a truly multipolar world.

China has therefore always been the final boss fight in the global campaign of violence and domination by what Pilger calls the “empire which never speaks its name”. And the ramping up of anti-China narrative management by the US government indicates that we are being psychologically primed to accept this world-threatening confrontation, just as Pilger warned in 2016.

“The danger of confrontation grows by the day,” Pilger says.

The powerful film breaks down the way the USA has been encircling China with a “noose” of military bases since the Korean War, which all have massive amounts of military firepower, including nuclear firepower, pointed right at China’s cities. Pilger shows the psychopathic toll this has inflicted upon the people who live in the areas where the US war machine has set up shop in the Pacific, including an especially enraging segment on the use of Bikini Atoll natives as human guinea pigs to test the effects of nuclear radiation on people. Also deeply disturbing is the revelation of just how close the US came to launching nuclear warheads at China due to a miscommunication during the Cuban missile crisis.

The film describes China’s recent history and explains its climb in economic power which led us to this point, and the USA’s generations-long history of provocation and hostility toward its government. It also addresses the silly projection so many westerners harbor that if the US wasn’t bullying and slaughtering the world into compliance, China would take over doing the same.

Back in 2016 it was harder for people to see this escalation on the horizon, but now in the wake of the COVID-19 pandemic we’re hearing a frantic, disproportionate amount of anti-China sentiment from the Trump administration and its supporters, in the same way we heard Russia hysteria amplified over the last three years by Trump’s enemies. Trump was politically pressured to dangerously escalate cold war tensions with Russia, and he’s now being politically incentivized to pass the blame for his administration’s spectacular failures in addressing this pandemic on to the Chinese government in a way which manufactures support for escalations on that front as well. Two different narratives, same agenda.

“The new president, Donald Trump, has a problem with China,” Pilger says at the end of the documentary. “The urgent question now is will Trump continue with the provocations revealed in this film and take us all to the edge of war?”

The answer to that question appears to be coalescing. It’s a good time for us all to watch this film.

Source: https://caitlinjohnstone.com