Unit 5 Lecture

Bitcoin offers a unique opportunity for energy producers to export energy using cryptography. To ensure long-term profitability, Bitcoin mining relies on the utilization of inexpensive energy sources. Energy subsidies. In this lecture students will understand how Bitcoin miners are possibly incentivized to use stranded, cheap and rather un-usable energy to generate profit and move the energy across borders. It’s the process of turning energy into 1s and 0s and then beaming them out to satellites.