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      "parent_permlink": "tomcridland",
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      "title": "Does Cryptocurrency Mining Waste More Energy Than The Traditional Banking System?",
      "body": "REPOST\n------------\nTHE BLOG\n28/03/2018 11:11 BST | Updated 9 hours ago\nDoes Cryptocurrency Mining Waste More Energy Than The Traditional Banking System?\n\n\nApart from the constant speculation regarding the valuation of Bitcoin and talk of the “bubble” bursting, cryptocurrency has seen a lot of press recently for consuming excessive energy as a result of its mining processes. Particularly, extreme criticism came from Business Insider last November, who claimed that the electricity used to mine bitcoin in 2017 was “bigger than the annual usage of 159 countries”, a misleading statement in itself as the article goes on to cite that consumption for all Bitcoin mining was great than that of each of these countries individually. Was this lesser assertion, however, even true?\n\nBusiness Insider pointed to PowerCompare.co.uk and their use of the stats from Bitcoin and cryptocurrency data provider Digiconomist to draw a conclusion that Ireland and most African countries use less electricity every year than the amount used to process Bitcoin transactions. This completely ignores the important fact that cryptocurrency mining is either illegal or unregulated in so many places and, as a result, there is no reliable data on how much electricity the process consumes and power companies’ statistics cannot account accurately for this mining.\n\nAt the end of 2017, the total global energy consumption was estimated to be 158,714,610 GWh by the International Energy Agency, meaning Bitcoin’s annual usage of 9,636 GWh accounted for roughly a 16,000th of the global supply. Is this shockingly high or surprisingly low? This rather depends on how you paint the picture. You could assert that this figure means cryptocurrency mining consumes as much energy as the Democratic Republic of Congo or enough to power 6 aircraft carriers but, then again, you could also point the the fact that Google used double this amount of energy in 2015. That’s just one company versus an entire industry.\n\nCryptocurrency miners tend to use electricity that is as cheap as possible out of necessity to make their operations profitable and, therefore, consume it mostly in areas where there is a plentiful supply and it cannot be transported or stored. This rules out exorbitant consumption of fossil fuels because transporting oil, gas and coal is easier than moving hydrogen dams, wind turbines and other renewable energy sources. Jared Tate, the founder of DigiByte, says that “miners are performing a service, securing the Blockchain in a very direct manner as they validate transactions”. Distributing DigiByte across 5 mining algorithms has lead to lots of home mining, however, and Jared points to DigiByte miners “opting to source their power from renewable sources” and “a revival of rightfully concerned citizens now ensuring they power their entire home from renewable power vendors as a direct result of their mining”. Cryptocurrency miners are obviously only willing to consume electricity if they profit on it and, if prices stay at roughly their current level, the mining industry will continue to grow. That said, it is not likely they will turn to fossil fuels as these resources are fast becoming exhausted and the transportation of them to areas where prices are more expensive is globally prevalent.\n\n\nThe traditional banking system consumes resources far beyond simple electricity to run servers. Printing cash in the UK, for example, involves the slaughter of animals and cotton farming. Banks house themselves in massive and often luxurious skyscrapers consuming vast quantities of electricity on air-conditioning and heating, and frequently using private jets to fly executives and important clients around the world. There are approximately 43,000 banks in the world, each one with servers, branch offices, and ATMs, all using energy. Given the fact that cryptocurrency mining leans towards the use of renewable energy, it could, in fact, actually be an environmentally friendly alternative to our current financial system.\n\nTom Cridland is a sustainable fashion designer, musician and entrepreneur.\n\nLink to article:\n\nhttps://www.huffingtonpost.co.uk/entry/does-cryptocurrency-mining-waste-energy-versus-the_uk_5ab8d185e4b0bf1a4e3e04c8",
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      "title": "DIGIBYTE: NEW PR FIRM  ANNOUNCEMENT!!! Making moves in 2018",
      "body": "source: https://www.reddit.com/r/Digibyte/comments/7ukyvj/announcing_the_digibyte_pr_and_marketing/\n\nAnnouncing the DigiByte PR and Marketing Partnership self.Digibyte\n\nSubmitted 56 minutes ago by Chilling_Silence\n\nDear DigiByte community,\n\nIt is with great pleasure that we can confirm we have engaged a PR Agency to begin aiding DigiByte in this exciting next step for us. We have engaged them to help spread the DigiByte brand on a global scale, and after countless hours of sifting through a number of options, background checks, due diligence, discussions with the Agency, we’ve decided on one company to help us.\n\nThen we crowdsourced the funds, the DigiByte community stepped up and we reached our goal in just a little over 24 hours. A fantastic achievement we should all be proud of. We reached our goal of 300,000 DGB!\n\nWith this, we are honored to be able to announce that we are partnering with Tom Cridland Public Relations!\n\nThe goals of this partnership and the marketing funds are so that we can primarily expand our awareness of DigiByte globally, exposure, building dApps and other use-cases for the DigiByte Blockchain. These funds raised will not be used for exchange listing fees. We have maintained a firm stance thus far that we do not and will not speculate on the price of DigiByte, and this stance will not be changing.\n\nIt’s also worth mentioning that the funds raised thus far are purely to engage with this agency, and we still maintain our 1,600,000 DigiByte “stretch goal” which we estimate would provide us with the funding to cover the next 12-months worth of DigiByte marketing materials.\n\nWe also promised a little something more, and so we’re super excited to be able to let you know that we’ll have a merchandise store shortly! We will be announcing a partner in this space who will handle it all for us, and will be doing a “merchandise store launch special” soon to coincide with this.\n\nPlease join me in warmly welcoming Tom Cridland Public Relations to the DigiByte community, we can’t wait to see where things go from here!\n\nHere’s a few Q&A we’ve had already from our Telegram channels: - Why did you not pick a Fortune 500 company? What’s the advantage of a more modest PR agency?\n\nA main advantage of working with Tom Cridland Public Relations, as opposed to a bigger corporate PR agency is the fact that we know that the person writing and pitching has a proven track record, as opposed to dealing with an “account manager” who outsources this to a trainee or intern. Tom Cridland Public Relations is also a lot more transparent and their methods are more dynamic, so fair more suited to DigiByte.\n\nHow will the PR agency be paid?\nThey have agreed to accept payment in DigiByte. This naturally provides additional incentive for them to generate results, as it makes them an investor in DigiByte as well.\n\nHow does the DigiByte team know they won’t run off with the DigiByte?\nWe have a signed engagement letter from Tom Cridland Public Relations confirming they will refund the DigiByte if the contract is breached\n\nHas the PR agency marketed Blockchain technology before?\nThe firm is doing PR/Marketing across various industries, just not fashion. The scientific approach and pitching process is one that remains applicable across all industries and simply needs to be adapted to blockchain.\n\nWhat areas will the PR agency be working on for DigiByte?\nThey will be targeting Online, Print, TV, Radio, They have been able to secure coverage on Podcasts.\n\nAre they going to focus on social media at all?\nSocial media marketing is not their core expertise, however they have expressed a willingness to assist where possible.\n\nHow will the campaign be audited and the success measured?\nWe have two methods to begin with. Firstly, we will have a Google spreadsheet that will be internally shared with the heads of the Foundation team, and we can identify the real-time status of any particular PR outreach. Secondly, we have access to the DigiByte email address at any point so we can monitor emails and other communication through this.\n\nHow many clients does this PR agency serve?\nThe maximum amount of active clients the firm will have is 15. This is due to them providing a more focused, detailed approach in generating results for their clients.\n\nWhat other clients has this agency been involved with?\nWe felt this was best to share what Tom Cridland Public Relations have shared with us, directly:\n\nSince 2015, We have continuously been securing coverage in the likes of NBC, CBS, The CW, National Public Radio, BBC, ITV, CNBC, The Times, The Telegraph, Daily Mail and Mail on Sunday, The Independent, The Guardian, Sydney Morning Herald, Daily Star, Daily Mirror, Forbes, Fast Company, Esquire, Evening Standard, CityAM, The New York Times, El Pais, ABC, Il Sole 24 Ore, The Hindustan Times, South China Morning Post, The Atlantic, The Huffington Post, Bild, Die Welt, GQ, Daily Express, Bloomberg and Fox News.\n\nOur PR methods are dynamic, relentless, organised and as a scientific as possible. We think the importance of writing is overlooked by many in PR and articulately conveying actual story ideas to journalists, as opposed to bombarding them with scatter gun press releases that resemble consumer facing marketing material, yields the best results. Above all, our way of securing press can be applied to any industry and we would relish the opportunity to work with DigiByte.\n\nWe just secured Henry Poole coverage in Vanity Fair: https://www.vanityfair.com/hollywood/2017/12/how-jacqueline-durran-created-costumes-fit-for-a-princess-and-a-prime-minister   And the BBC: http://www.bbc.com/capital/story/20171215-the-real-reason-we-love-a-suit   We’ve been helping build Cornerstone, the shaving subscription brand, through securing press like this feature in The Independent: http://www.independent.co.uk/news/business/news/cornerstone-shaving-subscription-service-razor-blades-club-boots-mens-aisle-balm-cream-gel-scrub-a7825346.html   We just scored the watch start-up, Freedom To Exist, this feature in The Telegraph: http://www.telegraph.co.uk/business/2017/11/27/high-flying-couple-created-thriving-side-business-holding-two   Cocorose London had a huge spike in sales thanks to this great Daily Mail piece we secured them: http://www.dailymail.co.uk/femail/article-4090234/Woman-sold-innovative-foldable-shoes-market-stall-rejected-100-factories-turns-1m-30-countries-Pippa-Middleton-fan.html\n\nAfter our pitch on ‘the socks you don’t need to wash’, within 48 hours Corrymoor Socks had appeared in The Guardian, Metro, Express, Daily Mail, Telegraph, Mashable, Radio 5 live, Radio Coventry, BBC World Service in UK (just to name a few!) to the likes of Good Morning America and The Sydney Morning Herald internationally. We were subsequently asked us to halt our PR services for 6 months so could keep up with sales.\n\nBy pitching creatively on a number of different angles, from body image, women in business, Brexit, gender pay gap, ethics, sustainability, fashion-specific, women with children to name a few, we have secured Rose & Willard coverage in the likes of BBC News, The Guardian, Metro, Daily Mail, Town & Country, Evening Standard, International Times, The National, Huffington Post, Cosmpolitan, ABC, Marie Claire, The Times, Die Welt, The Australian and The Telegraph of multiple occasions.\n\n(this has also been posted on Medium while we look to the future regarding our announcements etc, view this post here: https://medium.com/@josiah_digibyte/announcing-the-digibyte-pr-and-marketing-partnership-67ce7dd105b8 )",
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      "body": "<html>\n<p>Congratulations <a href=\"/@e10stoner\" target=\"_blank\">@e10stoner</a>, you have decided to take the next big step with your first post! The Steem Network Team wishes you a great time among this awesome community.</p>\n<hr>\n<div class=\"pull-left\"><img src=\"https://steemitimages.com/DQmaAdLUJ3yaSkmcmWECWyPGPWcjfbCoZ8Tu4RM6H4DbjCi/steem-network-thumbs-up.gif\" alt=\"Thumbs up for Steem Network´s strategy\" title=\"I suggest Steem Network´s strategy\" width=\"320\" height=\"222\"></div>\n<h1>The proven road to boost your personal success in this amazing Steem Network</h1>\n<p>Do you already know that awesome content will get great profits by following these <a href=\"/steem-network/@steem-network/spread-your-posts-through-this-proven-strategy-and-get-great-profits-in-return--for-posts-created-at-2018-01-20\" target=\"_blank\" alt=\"Steem Network\" title=\"Follow Steem Network´s suggestions to boost your success\">simple steps</a>, that have been worked out by experts?</p>\n</html>",
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      "body": "Paste:\n\nA note to all DigiByte investors. Days like today happen, and they are outside of our control. These cycles have been occurring in crypto markets for the last half-decade. This pull back was forecasted by many.\n\nWe are also coming up on Chinese New Year. Combine that with regulatory uncertainty across Asia and this pullback undoubtedly started there. Market pullbacks are an excellent opportunity for new market participants to get involved.\n\nWe have many exciting developments underway now! New wallets, new exchanges, and new platforms and services built on top of DGB. 100's of people are working hard each and every day to make DigiByte better.\n\nRome was not built in a day and we will continue doing like we have the past four years. Keeping hour head down and focused on building real-world DigiByte utility. That is what really matters for long-term sustained growth.\n\n2018 is going to be a great year! Stay tuned for more daily updates and news! Thank you all for continuing to support DigiByte!\n\nJared DigiByte Founder",
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      "body": "lol couldnt we just check bittrex ourselves?\n\ngood buy-in point before reversal though",
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