Bitcoin Is a Guaranteed Buyer of Cheap, Excess Energy

[Inside Wall Street with Nomi Prins]( Bitcoin Is a Guaranteed Buyer of Cheap, Excess Energy By Nomi Prins, Editor, Inside Wall Street with Nomi Prins [Yesterday]( I showed you why Bitcoin’s energy use is a feature, not a bug. And I promised I would do a deep dive on unique forms of energy that Bitcoin miners take advantage of, instead of letting them go to waste. So today, I want to put three such energy sources on your radar. And I’ll show you what this means for your money, whether you’re a longtime Bitcoin bull or are considering dipping a toe in for the first time. The Energy Buyer of Last Resort As I mentioned yesterday, when it comes to a Bitcoin miner’s profitability, the most important factor is electricity costs. Some estimates put electricity costs at over 90% of a miner’s operating costs. So only miners with reliable access to the cheapest electricity in the world can mine Bitcoin profitably. You can think of Bitcoin mining as the “energy buyer of last resort.” Meaning Bitcoin miners are often a guaranteed buyer of cheap energy. Case in point: hydroelectric power. Hydropower is the generation of electricity using flowing water. Typically, with water behind a dam that drives a turbine. While it’s immobile and expensive to transport, hydropower provides a cheap electricity source to people nearby. The problem is that many sources of hydroelectric power are isolated from energy consumers. That means many hydropower sources create a significant amount of excess, cheap electricity. [Featured: “You can follow the money… all the investors are smelling it.” - Nomi Prins]( In China's Sichuan region, for example, hydroelectric power generated a significant amount of excess energy. This meant that a lot of surplus hydropower electricity was being wasted every year, particularly during the rainy summer season. So Bitcoin miners stepped in to take advantage of this situation, utilizing this unused, cheap hydroelectric energy to become the industry's biggest players. It's the main reason Sichuan previously accounted for a large portion of the computing power of global Bitcoin mining. But the advantages are not unique to Bitcoin miners in China – or to hydro power. In El Salvador, companies use cheap and clean geothermal energy from local volcanos to mine Bitcoin. The country is home to 30 volcanoes, among which 20 are potentially active. El Salvador even plans on building a city at the base of the Conchagua volcano. They aim to take advantage of the volcano’s geothermal energy to power Bitcoin mining. Now, hydroelectric and geothermal energy are not only utilized by Bitcoin miners. But there is one source of energy that Bitcoin miners are now starting to put to good use – that would otherwise go to waste. And that is, using excess natural gas. Recommended Link [REVEALED: How Fast Inflation Is *Really* Robbing You]( [image]( Inflation may be destroying your wealth faster than you realize… In fact, if inflation stays as high as it is now, your retirement accounts could lose HALF their value in just the next four years… That’s the sad reality according to Teeka Tiwari, a man people are calling ‘The Inflation Oracle’ for his scarily accurate reads… Teeka says if you don’t act now to fight inflation, you will be left behind… Working into your 70s, 80s, and even 90s to make ends meet… Or contemplating a retirement where you eat SPAM three nights a week, just to keep costs low… Yet help is at hand. [Teeka has just recorded an interview]( he reveals exactly where inflation is going… and how to fight back against it… [Click here to watch it before it’s too late…]( -- Making Use of Wasted Natural Gas Gas flaring is a common practice in exploring for, producing, and processing oil and natural gas. Flaring is when oil and gas companies burn natural gas that cannot be stored or economically transported. [image]Burning oil gas flare Analysts estimate companies flare about 500 billion cubic feet of natural gas each year in the U.S. That’s enough energy to power millions of homes. In 2020, Equinor (EQNR) – a publicly traded Norwegian energy company – teamed up with Crusoe Energy Systems, which developed a new technology for harnessing the energy from gas flaring. Equinor harnessed Crusoe’s technology to generate electricity from its gas flaring in Bakken, North Dakota. It used that electricity to mine Bitcoin onsite. What’s more, in 2021, ExxonMobil – the top oil and gas producer in the U.S. – teamed up with Crusoe to mine Bitcoin using excess gas. It’s an innovative way to convert lost and stranded energy into Bitcoin. Instead of letting gas be burned off into the air (which ultimately harms the environment), Bitcoin mining uses gas that would otherwise be wasted. And in so doing, it reduces carbon emissions. That’s because methane – the stuff that gets burned during flaring – is 30x more powerful than CO2 as a greenhouse gas. Recommended Link [Biden & Bill Gates Igniting $40 Trillion Heist?]( [image]( Has President Biden’s new executive order… Alongside MIT, 77 global Governments, The Gates Foundation, UNICEF, and The Clinton Development Initiative… [Ignited a historic $40 trillion transfer of wealth from the middle class, to the rich?]( Billionaire Stanley Druckenmiller says: “This is the biggest redistribution of wealth from the middle class and the poor… to the rich, ever.” Newsweek says… “[This] Will Be The End of American Freedom.” And HuffPost says… “[This] Is Making The Rich Richer and Leaving You Behind.” One of the nation’s leading economists (Nomi Prins) has traveled to Delray Beach, Florida to [uncover exactly what’s happening and what this means for your money.]( [Click Here To Watch.]( -- Bitcoin Can Be Mined Anywhere Here’s the bottom line. Bitcoin mining is the only profitable use of energy in human history that does not need to be near human settlement to operate. Because of wireless internet and satellites, Bitcoin can be mined anywhere. And often, that mining is done in a sustainable way. It’s tricky to figure out exactly how much of Bitcoin mining is powered by renewables. By some estimates, it ranges from roughly 40% to 75% worldwide. [Featured: Wall Street “loser” becomes the trader for the Top 1%.]( The upshot is that a large portion of the network already uses renewable energy sources, and that number is poised to rise in the future. This could accelerate mass adoption of Bitcoin as people realize that its power is helping spur renewable energy. And it’s already having positive implications for people and economies. For instance, remote and poor areas with moving water can monetize the resource by creating clean, hydro energy and using it to mine Bitcoin. Put simply, Bitcoin can tap into isolated energy sources all over the world that are currently untouched because they are too costly to connect to electric grids near residential or industrial areas. Think waterfalls, running rivers, or even volcanos. Before Bitcoin, our world never had a profitable, location-independent use of energy. Now, things are changing. Recommended Link Market Wizard who predicted all indexes would be negative in 2022 shares shocking new forecast: [“Prepare for Five Years of Famine”]( [image]( [Click here for the name of the one ticker you need to protect yourself.]( -- What This Means for Your Money If you ever need another reason to add Bitcoin as a speculative asset in your portfolio, this is one. Now, Bitcoin is a volatile asset that undergoes periods of violent swings. But even though it’s had a tumultuous year so far in 2022, many stocks have fared worse. And while stock markets continue to slide towards yearly lows, the Bitcoin price remains range bound. In these Fed-manipulated markets, this is a good sign. That said, this still isn’t the time to dive in headfirst. Instead, we recommend investing a fixed amount of money on a regular basis, typically monthly or bi-weekly. That way, you can buy more when the price is low and less when prices are high. This is called dollar-cost averaging. PayPal or Block’s (previously called Square) Cash App is one of the most convenient options for doing this. With these popular apps, you can start your Bitcoin portfolio with as little as $1. Another way is to purchase Bitcoin on a crypto exchange such as Coinbase and simply store it in a crypto wallet. But, again, remember that Bitcoin is a speculative asset. A small investment can go a long way. So don’t never invest more than you can afford to lose. Regards, [signature] Nomi Prins Editor, Inside Wall Street with Nomi Prins --------------------------------------------------------------- Like what you’re reading? Send your thoughts to feedback@rogueeconomics.com. --------------------------------------------------------------- IN CASE YOU MISSED IT… [Tiny $4 Company to “Steal” Billions From Tesla?]( [A tiny $4 company]( has developed a new liquid battery that’s sending shockwaves through the energy industry. It’s at the center of a “breakthrough,” says The U.S. Department of Energy, that’s a “totally new approach to battery technology.” Powermag calls it part of the “trillion-dollar holy grail” of battery technology. And Bloomberg says this tech “could eat lithium’s lunch.” That’s because [this liquid battery can store energy up to 94% cheaper]( than the lithium-ion batteries Elon Musk uses in Tesla cars. And yet – unlike Teslas that are known to burst into flames from overheated batteries… This liquid is so safe you could use it to extinguish a burning Tesla. It could be the biggest threat to Elon Musk’s plan to dominate a $130 trillion new energy revolution. And it’s why 5 billionaires are backing the tiny $4 company behind this new battery. [Click here for the full story and a 30-second demo of this new battery tech.]( [image]( Get Instant Access Click to read these free reports and automatically sign up for daily research. [The Trader’s Guide to Technical Analysis]( [The Ultimate Guide to Taking Back Your Privacy]( [The 101 Guide to Pre-IPO Investing]( [Rogue Economincs]( Rogue Economics 55 NE 5th Avenue, Delray Beach, FL 33483 [www.rogueeconomics.com]( [Tweet]( [TWITTER]( To ensure our emails continue reaching your inbox, please [add our email address]( to your address book. This editorial email containing advertisements was sent to {EMAIL} because you subscribed to this service. To stop receiving these emails, click [here](. Rogue Economics welcomes your feedback and questions. But please note: The law prohibits us from giving personalized advice. To contact Customer Service, call toll free Domestic/International: 1-800-681-1765, Mon–Fri, 9am–7pm ET, or email us [here](mailto:memberservices@rogueeconomics.com). © 2022 Rogue Economics. All rights reserved. Any reproduction, copying, or redistribution of our content, in whole or in part, is prohibited without written permission from Rogue Economics. [Privacy Policy]( | [Terms of Use](