Supported by investors like Elon Musk, cryptocurrency investment has been on a bull run. But the risks of bitcoin are looming. The Bitcoin energy consumption has a huge environmental impact. China is the world’s largest bitcoin miner, and a large number of mining facilities are located in Xinjiang, a region notorious for the persecution of Uyghurs. From chip shortage to Iran sanctions, Lei brings you insight into cryptocurrency risks.
0:00 bitcoin energy consumption
1:27 crytpocurrency and China
2:47 bitcoin and environment, Xinjiang
4:32 chip shortage
6:04 Iran sanctions
******************
We discuss world economy, history, and politics. Our main focus is U.S.-China relations. We make short videos and tell you the hidden stories.
******************
References:
https://www.technologynetworks.com/informatics/news/bitcoins-jawdropping-energy-consumption-rivals-londons-could-impact-global-security-346538
https://www.theguardian.com/technology/2021/feb/27/bitcoin-mining-electricity-use-environmental-impact
https://www.manufacturing.net/technology/blog/21366488/bitcoin-miners-hit-hard-by-chip-shortage
https://cointelegraph.com/news/bitcoin-miners-facing-chip-shortage-amid-skyrocketing-demand
https://www.barrons.com/articles/bitcoin-mining-in-xinjiang-china-could-be-a-red-flag-for-regulators-51613764881
https://observers.france24.com/en/middle-east/20210203-in-iran-power-outages-reveal-the-secret-business-of-chinese-bitcoin-farms
******************
🔔 Subscribe for updates: https://www.youtube.com/c/LeisRealTalk
******************
🔵 Make sure to share this video with your friends!
Follow us on our Website: https://leisrealtalk.com/​​​
Follow us on Twitter: https://twitter.com/LeisRealTalk​​​​​
Follow us on Facebook: https://www.facebook.com/leisrealtalk
******************
#Bitcoinnews #cryptocurrencyinvestment #bitcoinandChina #cryptocurrencyandChina #risksofbitcoin #bitcoinandenvironment #cryptocurrencynews #bitcoinminingChina #iransanctionsnews #bitcoinenergyconsumption #Chinesebitcoinmine #bitcoinrisksexplained #cryptominingrisks #crptocurrencyrisks #poweroutageiran
