Bitcoin runs out of gas on energy consumption concerns. Will it recover?

Bitcoin runs out of gas on energy consumption concerns. Will it recover?

The crypto market is on fire almost literally from the coal to support the algorithms. Elon Musk released a couple tweets further exposing the underlying concern and immediately billions of dollars were taken off the crypo market valuation. So much for Bitcoin being a firm hedge against inflation or a global currency….at least not yet with one person seemingly having the power of a centralized global bank.

Musk indicated that they are looking into a more eco-friendly cryptocurrency that uses <1% of Bitcoin’s energy per transaction. That comment is likely to spark a new wave of investments into some more efficient, lesser known crypto’s, at least in the short term. According to TRG Datacenters, the following table shows the energy consumption of some of the more popular digital assets.

Get the full story here from TRG Datacenters.

The move to more eco-friendly cryptocurrencies is likely to grow. The concerns over crypto energy consumption are not new but it has been moved up to the front burner. It seems evident that Bitcoin has an uphill battle unless its miners can show they’re using renewable energy sources instead of fossil fuels to fuel their algos.

So what’s next? Which cryptos will rise to the front page next?

Dogecoin, Safemoon, and Shibtoken have recently stolen the headlines but can they sustain the momentum. What is their carbon footprint and what is the total supply of each coin? These are Just a couple of questions that crypto investors may be asking more often. The answers are likely to shake up the mix of crypto markets with a new phase of rebalancing.




Getting a refund from Amazon

Getting a refund from Amazon

Amazon has an A-to-Z Guarantee to help resolve problems with purchases. Eligibility requirements are found here. One of Amazon’s competitive advantage is their reputation to make things right and protect the consumer. Follow the six steps below to begin the process.

  1. Go to ‘Your Orders’.
  2. Locate your order in the list and click ‘Problem with Order’.
  3. Select your problem from the list.
  4. Select ‘Request Refund’.
  5. Enter your comments in the text box. (see our section on Effective Complaining before entering comments)
  6. Select ‘Submit’.

The review process can take time depending on the nature of the issue. If you’re not satisfied with the outcome there’s an appeals procedure. Comment below on your experience and join the community trying to make wrong….right.