Jump to content

The accelerator of new energy in 2022 is Bitcoin mining?


Recommended Posts

In contemporary society, energy is being consumed continuously, and people are beginning to realize that fossil fuels, one of the energy sources, are no longer enough to support human prosperity to the next century.

But even in this situation, energy consumption is still inevitable in order to maintain and improve the quality of life today.

When it comes to chemical fuels, most people think of the effects of carbon in chemical fuels, after all, there is a lot of debate around carbon in chemical fuels today. But for this one, I’ll try to avoid this political minefield. We will focus on factors that are not related to carbon, i.e., resource scarcity and other commercialization risk factors.

Given the highly developed and interconnected nature of today’s society, humanity wants to spend more energy than ever before to fuel it if it wants to continue to grow and develop more prosperity.

Nowadays, there are also data proving that with the continuous consumption of energy, the quality of life of human beings is improving and the population has achieved rapid growth. Of course, in this environment, the level of technological achievement of human beauty has also been well developed. As we all know, if human beings as a species want to get progress, then more energy will be consumed, and in this case, it also creates an inevitable problem – energy depletion.

That nuclear disasters such as Chernobyl and Fukushima have hindered the development of nuclear technology in the global power generation portfolio is an undeniable fact for mankind. In particular, the fear of nuclear energy in some countries has led to the complete decommissioning of previously operating nuclear generating units. As time passes, more and more experts have come to realize that the role of nuclear energy in the coming energy transition, whether in the form of large reactors or in new micro configurations, is certainly critical.

I believe that in the next decade, nuclear power generation will experience an unprecedented renaissance, and that Bitcoin mining will also be the digital throttle that drives nuclear power into overdrive.

 

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • image.png

  • Posts

    • Silver Elliott Wave Analysis Function -Counter-Trend Mode - Corrective Structure -Double Zigzag for wave B (circled) Position - Wave (Y) of B Direction - Wave (Y) of B is still in play Details - After violating the last update, we have a new outlook on daily and H4 that better fits the current price action. A lower extension is now expected for Silver. Silver Elliott Wave Analysis: Extended Decline and Bullish Outlook Overview: The decline in Silver that began on May 20th is continuing to extend lower and is expected to persist before finding significant support. Despite this downturn, the year-long trend remains bullish and is anticipated to resume once this corrective phase concludes. The emerging chart pattern suggests a further decline towards $27 in the coming days or weeks.   Daily Chart Analysis: Two key observations can be made on the daily chart: Bullish Yearly Trend: The trend for this year has been bullish, leading to a breakout from a prior 13-month sideways price action. This indicates strong underlying bullish momentum. Corrective Decline: The current decline from April 19th, 2024, is identified as corrective. Therefore, the expectation is that the bullish trend will resume once this corrective structure concludes.   To determine when the corrective structure will finish, it’s important to identify the emerging pattern. Early analysis suggests that the price might be forming a double zigzag Elliott wave corrective structure, labeled as waves (W)-(X)-(Y). Wave (W) and wave (X) completed on June 13th and June 21st, respectively. The price is now breaking down in wave (Y), which could extend to $27 or lower. Meanwhile, the year-long impulse is labeled as wave A (circled) in the primary degree, and the double zigzag pullback should complete the corresponding primary degree wave B (circled). Following this, wave (C) is expected to push the price to a fresh 2024 high.   H4 Chart Analysis: The H4 chart provides a detailed view of the sub-waves within the double zigzag structure. The price is currently in wave A of (Y), which is expected to be followed by a minor corrective bounce for wave B. Afterward, the price should continue lower for wave C, completing wave (Y) of B (circled). This pattern aligns with the broader expectation of a corrective phase before the resumption of the bullish trend.   Summary: Current Decline: Silver’s decline from May 20th is expected to continue towards $27 before finding support. Bullish Yearly Trend: Despite the current downturn, the overall trend for the year remains bullish. Corrective Structure: The decline is forming a double zigzag Elliott wave corrective structure. Daily Chart Insight: The trend is expected to resume higher after the completion of the current wave B. H4 Chart Detail: Sub-waves show a minor bounce expected before a further decline to complete wave (Y) of B. In conclusion, while Silver is currently experiencing a corrective decline, the long-term bullish trend is anticipated to resume once this phase concludes. Traders should watch for a potential bottom around $27 and prepare for a renewed bullish impulse towards new highs in 2024. Technical Analyst : Sanmi Adeagbo Source : Tradinglounge.com get trial here!  
    • Honestly, L2 scaling solution projects are now increasing by the day. Should we worry about that? Absolutely, not. Why? Because it reduce overdependence on one solution and increase adoption. Also, focusing on different aspect of scaling is a good thing; for instance, Blast focus on staking ETH and stablecoin reinforces security on their network and Ethereum mainnet which increases users' confidence in blockchain and crypto.
    • Well, price performances are always a reflection of either of 2 factors: 1. constant hype by influencers/KOLs 2. whale trading activities 3. imrovement of tech or expansion of utility/usecase to accommodate needs of users For BGB, I think it's rather the last 2 basically from the recent expansion of its ecosystem where the token is used for several high-end events like launchpad, poolx etc.
×
×
  • Create New...
us