Is blockchain really that bad for the environment? Will we cook the Earth if we mine crypto? We try to debunk these myths in the latest epizode of your favorite blockchain podcast!
Episode number 11 is upon us, and this time we're bustin' some myths! Luka and Ivan talk about energy consumption of cryptocurrency mining and the idea that it's extremely wasteful and bringing us closer to the end of the world. This, of course, isn't true, and every miner you ask is probably going to tell you that the main goal of mining is to use as little energy as possible, thus ensuring higher profit margins for themselves.
You'll also be hearing more about how blockchain technology can improve sustainable energy efforts and disrupt the extremely large energy market by helping smaller energy cooperatives work more efficiently. Ivan also talks with the Croatian startup AMPnet who aims to do exactly that, and finds out what motivated them to dive into the energy market.
BTW, do not miss out on another great opportunity for which you will need only a keyboard and - expressing your opinion. What is the deal? We are dying to hear how do you like the podcast so far, so Luka offered up to give 100 AE tokens for the best review! The best one will be decided at the end of the season.
(HINT: we prefer the witty ones)
What is Blockchain from the Block?
Discovering the world of blockchain technology and its potential, from the former Eastern block to the West - it's Blockchain from the Block, your weekly block of blockchain inspiration!