Bitcoin – the environmental cost explained
The Briefing26 Mai 2021

Bitcoin – the environmental cost explained

Of all the things to destabilise Bitcoin... it turns out the environment has been a key factor.

The digital currency has seen some wild price drops over the last two weeks. It peaked at 63,000 USD in mid-April and since then it’s dropped as low as $31,000. Dr Sean Foley, Associate Professor of Finance at Macquarie University, joins us to explain why.

Dr Foley says mining for Bitcoin around the world, currently consumes half the electricity of Australia’s entire yearly usage. Could the environment bring about Bitcoin’s demise?

TODAY'S HEADLINES

  • Victoria bracing for more restrictions as government considers lockdown

  • Holgate backs Senate bid to have PM apologise

  • Uncertainty over Melissa Caddick’s remains

  • Shell ordered to cut emissions by Dutch court

    Follow The Briefing

    Instagram: @thebriefingpodcast
    Facebook: TheBriefingNewsAU
    Twitter: @TheBriefingAU

    YouTube: http://bit.ly/TheBriefingSUBSCRIBE

    See omnystudio.com/listener for privacy information.

    Episoder(2686)

    NZ PM survives own leadership spill + 'Bogus Business Discounts' explainer

    NZ PM survives own leadership spill + 'Bogus Business Discounts' explainer

    Headlines: Uncertainty over Iran peace talks, ceasefire extension “unlikely” New Zealand’s PM survives his own leadership spill Keir Starmer, UK PM, under pressure Apple gets a new CEO Deep Dive: ...

    21 Apr 15min

    Woolies’ alleged fake discounts in court + Our protest rights under fire

    Woolies’ alleged fake discounts in court + Our protest rights under fire

    Tuesday Headlines: Hopes of a peace deal between Iran and the US fade ACCC is accusing Woolworths of deliberately misleading shoppers AFL player Elijah Hollands admitted to hospital following mental...

    20 Apr 22min

    Jim Chalmers’ stern warning + Major changes to blood donations

    Jim Chalmers’ stern warning + Major changes to blood donations

    Headlines: Treasurer flags risks to inflation, unemployment U.S. attacks and boards an Iranian ship Mass shooting in Louisiana, 8 children killed Geelong oil refinery recovery better than expected S...

    20 Apr 14min

    Iran walks from peace talks + The Lib’s migration policy explained

    Iran walks from peace talks + The Lib’s migration policy explained

    Monday Headlines: Iran has rejected a second round of peace talks with the US Ben Roberts-Smith breaks his silence 33 year old learner driver charged over Supanova death Support for One Nation wanes...

    19 Apr 24min

    BONUS: The looksmaxxing trend putting young men in hospital

    BONUS: The looksmaxxing trend putting young men in hospital

    Looksmaxxing is taking over millions of young men’s algorithms - a trend focused on maximising appearance that can start off harmless, but spiral into extreme measures to appear more masculine. This ...

    18 Apr 13min

    Sofia Levin on the reality of being a MasterChef judge

    Sofia Levin on the reality of being a MasterChef judge

    Sofia Levin does a lot more than just eat. She’s built a name as one of Australia’s most respected food critics and landed her dream job as a judge on MasterChef Australia - bringing her expertise to ...

    17 Apr 43min

    Ben Roberts-Smith gets bail + Harry and Meghan's controversial visit

    Ben Roberts-Smith gets bail + Harry and Meghan's controversial visit

    Headlines: Bail for Ben Roberts-Smith Israel-Lebanon ceasefire begins Trump “not happy” with Australia Pope calls out “tyrants” A Sydney man gets a $40m phone call Deep Dive: Harry and Meghan...

    17 Apr 16min

    New ceasefire deal in middle east + Ditching ‘mum brain’ for ‘matrescence’

    New ceasefire deal in middle east + Ditching ‘mum brain’ for ‘matrescence’

    Friday Headlines: Trump confirms 10-day ceasefire between Lebanon and Israel Farmers warn of impending grocery price rises Ben Roberts-Smith to face court today Prince Harry praises Australia's soc...

    16 Apr 22min

    Populært innen Politikk og nyheter

    giver-og-gjengen-vg
    aftenpodden
    aftenpodden-usa
    forklart
    stopp-verden
    popradet
    lydartikler-fra-aftenposten
    fotballpodden-2
    rss-gukild-johaug
    det-store-bildet
    dine-penger-pengeradet
    nokon-ma-ga
    hanna-de-heldige
    rss-ness
    aftenbla-bla
    e24-podden
    rss-utenrikskomiteen-med-bogen-og-grasvik
    rss-penger-polser-og-politikk
    rss-espen-lee-usensurert
    frokostshowet-pa-p5