icon bookmark-bicon bookmarkicon cameraicon checkicon chevron downicon chevron lefticon chevron righticon chevron upicon closeicon v-compressicon downloadicon editicon v-expandicon fbicon fileicon filtericon flag ruicon full chevron downicon full chevron lefticon full chevron righticon full chevron upicon gpicon insicon mailicon moveicon-musicicon mutedicon nomutedicon okicon v-pauseicon v-playicon searchicon shareicon sign inicon sign upicon stepbackicon stepforicon swipe downicon tagicon tagsicon tgicon trashicon twicon vkicon yticon wticon fm

Bitcoin mining could be part of a clean energy future, market expert tells RT’s Keiser Report

Bitcoin mining could be part of a clean energy future, market expert tells RT’s Keiser Report
Tyson Slocum of Public Citizen’s energy program talks about the private equity problem as capitalists buy up public utilities and the Biden administration plans to dole out billions of dollars to get them to convert to renewables.

“Bitcoin mining has the potential and there are opportunities to be part of a clean energy future,” Slocum tells Keiser Report, adding: “I think there are some operations that are relying on fossil fuels and there are others that are capturing waste byproducts in the combustion and emissions process.”

Slocum explains that “In terms of bitcoin mining being able to be flexible in its energy use – that’s something you can move to what’s known as the off-peak times in the middle of the night when most people are not using as much electricity … So, absolutely there are opportunities there.”

For more stories on economy & finance visit RT's business section

Podcasts