| | | BROUGHT TO YOU BY |  | Hello Bitcoiners!
It's Wednesday, so get your coffee ready, stack some sats and sit down for your daily dose of Bitcoin signal!
Did you stack today? | | Today's Rundown: - Energy Benchmark: A comparison of bitcoin energy usage against other industries.
- Tax-Shielded Investment: Complimenting your stack with Bitcoin IRAs.
- Industry Is Booming: Coinbase exceeds expectations.
- Bitcoin Cash-Back: Venmo lets users convert cash-back to bitcoin for free.
Let's do this. | | | Bitcoin's Energy Use Compared To Other Major Industries
By Hass McCook The data shows Bitcoin's energy use would represent just a rounding error in the construction, transportation or healthcare industries.
Another incredible and comprehensive analysis by Hass McCook on the energy topic. Bitcoin's energy consumption has been stigmatized and used as an attack vector against it, while the argument in reality either comes from misinformation, or ulterior motives. In this piece, the author compares the energy usage and its provenance of the Bitcoin network against different industries: - Bitcoin: 79 TWh
- Construction: 40,830 TWh
- Transportation: 34,582 TWh
- Healthcare: 3,716 TWh
- Finance And Gold Industry: 4,939 TWh
- Military Industrial Complex: 6,691TWh
Concluding not only that Bitcoin spends a negligible amount of energy compared to these other industries, but that its sources are cleaner, hence less impactful for the environment.
"The main takeaway should be that Bitcoin is a rounding error in the global scheme of things, and from a carbon-intensity point of view, has significantly less emissions per kilowatt than finance, construction, healthcare, industry or the military, and will only improve further in time." - Hass | | SPONSORED BY SURFIN' BITCOIN | | | After the success of the first annual Surfin' Bitcoin last year, this year's second annual event should welcome between 1,000 and 13,00 people from all walks of life: Early bitcoiners, maximalists, tech entrepreneurs, innovators in financial services, players in the financial world and many curious people wanting to know more. This year's conference will focus on these main themes: The ecological virtues and other little-known benefits of Bitcoin as well as the technologies under development to improve its functioning and use. The conference will be held over two days on August 26 and 27, 2021 at the Casino de Biarritz in one of Anglet, France's beautiful locations. Don't miss the cocktail dinner on Thursday, August 26 on the casino rooftop! | | Bitcoin IRAs Enable Tax-Shielded Investment And Propel The Circular Economy
By Brian Harrington How IRAs can solve Bitcoin's capital gains tax problem, enable a Bitcoin standard and push the Bitcoin circular economy forward.
As we approach a Bitcoin standard, many of us are still working and earning fiat in our daily lives. At the same time, it is natural to try and maximize our positions in bitcoin, and some might have had the question: What about my retirement fund?
In this piece, the author brings to light two interesting options on how to get exposure to bitcoin through IRAs and yielding tax benefits. As the industry grows, the possibilities are becoming endless. It is getting easier and easier to get exposure to bitcoin. | | Click the links:
1. Black Rock Petroleum Company entered an agreement with Optimum Mining Host to deploy and operate up to 1 million bitcoin mining machines.
2. In the past, infrastructure deals have represented new industrial opportunities for America, and now should be no different.
3. AMC, a U.S. movie theater chain, announced in a shareholder's call Monday it intends to accept bitcoin for movie tickets and concessions in 2021.
4. The bitcoin price fell slightly after an amendment clarifying cryptocurrency tax rules in the proposed U.S. infrastructure bill was rejected.
5. Sarah Satoshi explained what she loves most about Bitcoin and the hope it brings to the world.
6. Through the facilitation of the Human Rights Foundation, Compass has committed to a one-year donation of $80,000 to Jon Atack.
7. Global investment manager, VanEck, files for a bitcoin ETF, for the second time.
8. CleanSpark, the software company that recently started mining bitcoin, has purchased an 87,000-square-foot data center to increase its mining capacity.
9. Mutual fund giant Fidelity has purchased 7.4% of bitcoin mining company Marathon Digital Holdings to be spread across multiple funds.
10. AC Milan and BitMEX have come together to announce a multi-year partnership that will see BitMEX's logo on the sleeve of the Rossoneri.
11. Because Bitcoin cannot be stopped or shut down, this means that any publicity — negative or positive — any attack or attempt to quell the network via restrictive legislation is ultimately good for Bitcoin.
12. The team at BYOD discussed their solution for helping users monetize their own data using Bitcoin.
13. It's clear that adopting bitcoin as legal tender can help El Salvador in many ways. But it can light the path for other countries as well. | | Coinbase Brought In $2.23 Billion Of Revenue, 8.8 Million Monthly Transacting Users In Q2
By Nik Hoffman Coinbase brought in over $2 billion in revenue and saw monthly transacting users grow 44%.
As every day goes by, more and more people are exposed to bitcoin. Coinbase, one of the leading exchanges, now has 68 million verified users in its platform. The company exceeded by far analysts expectations with the following statistics: - $2.23 billion in revenue — against $1.78 billion expected.
- $3.34 in earnings per share — against $2.33 expected.
- 8.8 million monthly transacting users or 44% growth compared to last quarter.
The interest in bitcoin is clearly on the rise. Is this an indication of bitcoin is about to exceed our expectations? | | Venmo Is Letting Users Convert Cash-Back To Bitcoin For Free
By Namcios The payments app has launched a new feature for its credit card offering that allows users to convert cash-back rewards into BTC for free.
Everyone likes the feeling of getting things for free. Venmo, a mobile payment service owned by PayPal, has launched a new feature allowing its customers to convert their cash-back rewards into bitcoin — free from transaction fees.
Venmo has grown in popularity over the last few years, enabling more than 70 million users to send money between each other. This is big news in terms of introducing the population into an "easy way" to gain bitcoin exposure without having to take a financial informed decision, as it is "free."
It is important to remember that the company is not allowing its users to hold their own keys, which entitles the user to an IOU instead of actual bitcoin. | | By Brad Chadworth
These last days have been a pump fest. It is normal to let ourselves be driven by emotions. Just as a friendly reminder, bitcoin is a long-term play, we come for the money, and as a Trojan horse, we stay for the revolution and the sovereignty.
Let's stay humble, focus and keep on stacking.
Keep stacking! | | | We're excited to be celebrating our 10th Twitter anniversary in August by giving away 10 Bitcoin 2022 conference tickets. The giveaway will start Sunday, August 1 at 12:00 p.m. ET and run until August 31 at 12:00 p.m. ET. The winner will be contacted by email on Wednesday, September 1. To enter, go to: http://www.rafflecopter.com/rafl/display/b28baf753/ | | | Received this newsletter from a friend? Sign up to get the best of Bitcoin delivered straight to your inbox. | | | Today's email was brought to you with ♥ by Bam and Joe.
Keep on reading, keep on stacking. | | | | |
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