Projecting Bitcoin's Future Energy Use

Based on public data, by 2026, emissions from Bitcoin will be less than a third of what they are today and by 2031, there will be none.

Bitcoin thrives in a perfect competition environment. The incentives of mining are fabulous and perfectly described in this piece. As the value of bitcoin goes up, more players join the system. As this demand increases, the mining industry increases. In a battle to be profitable, the integrants of the system rush into cheaper energy sources, seeking profitability or better margins, which end up in renewable, off-grid and stranded energy sources. McCook delivered another magical article on Bitcoin Mining, what a boss.

THE DAILY BITS

Bitcoin doesn't stop producing blocks, we don't stop the signal:

1. Karim Helmy of Galaxy Digital discussed the nature of Bitcoin and whether it's personal or technological.

2. A philosophical dive into how truly absurd the slow but sure monetary takeover bitcoin has been experiencing is.

3. The apparently infinite value of bitcoin has been expressed in a proposed mathematical situation before.

4. Africa is ripe for the opportunity of embracing the interconnecting digital economy of Bitcoin.

5. Bitcoin's Game Theory: The often-cited idea is misunderstood in the context of how the world interacts with Bitcoin as a whole.

6. Soros Fund Management, led by a world famous investor, has reportedly received approval to trade bitcoin.

7. Major Brazilian exchange Mercado Bitcoin has raised $200 million from SoftBank and will seek to increase offerings and penetrate new markets.

BITCOIN WITH NO FEES

Strike Adds Bitcoin Buying Tab In App

By Peter Chawaga

Lightning Network payments platform Strike has added a bitcoin buying tab to its app, emphasizing minimal fees for these purchases

Jack Mallers, aka "Jack Ballers," from his interview with Liz Claman is fighting the financial inclusion fight. When buying bitcoin fees can be found up to 4%, Strike announces buying bitcoin with close to 0% fee.

"Soon, users will be able to buy bitcoin, get paid in bitcoin, get rewards in bitcoin, round up savings in bitcoin and much more." - Jack Mallers

GET THOSE MINERS RUNNIN'

Hut 8 Buys 11,090 New Bitcoin Mining Rigs For $44 Million

By N amcios

North American bitcoin mining company Hut 8 has purchased 11,090 rigs for $44 million to complement an earlier purchase of 863 machines.

Over the past week, we have seen an unprecedented loss of mining hash rate. A price retracement mixed with fear from the Chinese mining ban has dominated mainstream media news. But bitcoiners keep on building and harnessing every opportunity out there. While the media is scared, mining companies are stacking sats — or in this case, mining rigs. Hash rate incoming to North America.

A GEOPOLITICAL PLAY

Cycling On-Chain #2: Bitcoin Enters Geopolitics

By Dilution-proof

China cracks down against Bitcoin while El Salvador adopts it as legal tender; who's making the right move?

Data doesn't lie. This monthly series about on-chain data walks us through Bitcoin's current narrative throughout the month of June. An interesting take dissecting two geopolitical plays, China banning miners and El Salvador's decision to make bitcoin a legal tender.

Today's email was brought to you by Bam and Joe.
Keep on reading, keep on stacking.

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World Investment

Bitcoin's Path To Zero Emissions

BITCOIN'S PATH TO ZERO EMISSIONS