Is Bitcoin bad for the Environment? An Interview with Robin Barrow
- Cryptocurrencies such as Bitcoin are being mined with dirty energy sources; to offset the carbon emissions of Bitcoin mining, we should be using renewable energy.
Microsoft, Naomi Campbell, GoDaddy – who is Robin Barrow?
23 years ago is when Robin started his creative career in the UK as a designer for a local newspaper company. Robin moved to the USA in the early 2000s and was able to skyrocket his position as a leader in the creative design world – working for companies, organisations and public figures alike; such as Microsoft, where he sat as the Senior Art Director for nearly 3 years in 2007 – he then went on to consult and work for numerous blue-chip companies, as well as creating his own businesses and start-ups along the way.
Robin now spends his time helping numerous companies as a consultant and or as a partner/investor. He has also invested heavily into cryptocurrencies and NFTs (even creating his own) – diversifying his accrued wealth across multiple different investments.
We invited Robin to speak to us about cryptocurrency and the environment, because of his expert understanding of the digital world and because of his work around NFTs and investment into crypto.
To view Youtube video go to: https://www.youtube.com/watch?v=wr-KPaHvJ-g&t=2s
It’s not hard to see why Bitcoin can be such a difficult subject to navigate and fully understand. Tyrese and Robin are here to discuss what Bitcoin is and talk about the effects it has on our planet and climate.
Last year, in 2021, there were big talks about Bitcoin mining and the effect that it has on the planet. The Guardian claims that up to 0.5% of the world’s electricity is being used to mine Bitcoin with computers and graphic cards.
Robin touched on this briefly:
“Elon Musk stopped taking Bitcoin payments for Tesla, because it goes against the whole business model of him trying to be environmentally-friendly with Teslas, but also due to the fact that there is dirty energy usage to create Bitcoin mining. But that is being mitigated quite a bit by renewable energy.”
Further to this, Robin spoke passionately about Bitcoin and cryptocurrency and assured Tyrese that renewable energy is becoming one of the leading energy sources to mine bitcoin by professionals – calling out China and other nations for using mostly ‘dirty methods of energy’ such as ‘coal and traditional sources like oil and gas’.
About Energy Point
Energy Point is a renewable energy & energy efficiency consultancy organisation located near Leeds, UK. We specialise in publishing reports on climate change and the latest renewable energy technology. Our data is gathered from top organisations such as the White House, the UK Government, the UN and other institutions and research establishments.
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