english isn't my first language, that's why I use AI to rephrase my sentences and correct my mistakes.
I don't understand why the ai score is that high tho.

the article covers those topics...

Bitcoin, the world's first decentralized digital currency, has been embroiled in a persistent debate regarding its environmental footprint. However, it is crucial to clarify that energy usage does not inherently lead to environmental harm. According to the Cambridge Centre for Alternative Finance, bitcoin's annual energy consumption amounts to a substantial 129.45 TWh, comparable to that of entire countries. Yet, this comparison often leads to misunderstandings about the true nature of bitcoin's environmental impact.

In fact, the CCAF has determined that the bitcoin industry uses a significant amount of renewable energy, sometimes more than half, depending on the jurisdiction. This is a testament to the industry's commitment to sustainability and its potential role in the green revolution.

Furthermore, it's a common trend for technologies to start off with a high level of inefficiency, including a larger emissions footprint. Over time, these technologies evolve and become more efficient, reducing their environmental impact. This pattern is evident in various technologies, such as solar power or EV's, which initially had a higher emissions output that has been progressively reduced.


rest of the article:
https://www.forbes.com/sites/digital-assets/2023/07/07/everything-you-need-to-know-about-bitcoin-and-the-environment/?sh=6168e16046fc

What do you think?

I wrote an article for Forbes.
Let me know what you think.

You can read the article here: https://www.forbes.com/sites/digital-assets/2023/07/07/everything-you-need-to-know-about-bitcoin-and-the-environment/?sh=46cba7e46fca

If you have any questions or suggestions, please do not hesitate to contact me.

sure i could provide you proof of our locations and equipment. Just send me an email.

                                 
                        Price per Miner (incl. Shipping costs & Customs Duties & Setup Fee's)         
Manufacturer   Type   TH / MH   Power W/TH   Condition   Algorithm   Availability   MOQ   USA*   Russia**   Paraguay***   Venezuela****
MICROBT   Whatsminer M30S++   100   31W   New   SHA-256   In stock   20   $1,980   $2,277   $2,376   $2,574
MICROBT   Whatsminer M30S++   106   31W   New   SHA-256   In stock   20   $2,068   $2,376   $2,464   $2,662
MICROBT   Whatsminer M50   118   28W   New   SHA-256   In stock   20   $2,640   $3,036   $3,150   $3,366
MICROBT   Whatsminer M50   120   28W   New   SHA-256   In stock   20   $2,783   -   $3,287   $3,509
BITMAIN   Antminer S19XP   141   21.5W   New   SHA-256   In stock   10   $4,862   $5,621   -   $5,720
BITMAIN   Antminer S19XP   134   21.5W   New   SHA-256   Sold out   10   -   -   -   -
BITMAIN   Antminer S19jPro   100   29.5W   New   SHA-256   In stock   20   $2,123   $2,442   -   $2,717
BITMAIN   Antminer S19jPro   104   29.5W   New   SHA-256   In stock   20   $2,233   -   -   $2,827
BITMAIN   Antminer S19jPro+   120   27.5W   New   SHA-256   In stock   20   $2,585   $2,970   -   $3,311
CANAAN   Avalon 1246 90TH   90   38W   New   SHA-256   In stock   100   -   $1,485   -   -
MICROBT   Whatsminer M50   120   29W   New   SHA-256   In stock   20   -   $2,898   -   -
MICROBT   Whatsminer M30S++   104   31W   New   SHA-257   In stock   20   -   $2,321   -   -
BITMAIN   Antminer S19jPro   104   29.5W   New   SHA-256   In stock   20   -   $2,531   -   -
BITMAIN   Antminer S19jPro+   122   27.5W   New   SHA-256   sold out   20   -   -   -   -
BITMAIN   Antminer L7   8550   -   New   SCRYPT   In stock   10   $5,808   $6,138   -   -
BITMAIN   Antminer L7   8800   -   New   SCRYPT   In stock   10   $5,940   $6,270   -   -
BITMAIN   Antminer L7   9050   -   New   SCRYPT   In stock   10   $6,138   $6,468   -   -
BITMAIN   Antminer  KA3   166   -   New   KADENA   In stock   10   $11,880   $12,804   -   -
BITMAIN   Antminer K7   63.5   -   New   EAGLESONG   In stock   10   $8,250   $8,580   -   -
                                 
* USA:   USD 7.5 ct per kw/h, Deposit: 2 months of consumption                              
** Russia:   USD 4.4 / 5.9 ct per kw/h, Deposit: 1 month of consumption               Special Deal - Fast Deployment Option (within 3 days)               
*** Paraguay:   USD 5.9 ct per kw/h, Deposit: 1 month of consumption                              
**** Venezuela:   USD 4.8 ct per kw/h, Deposit: 1 month of consumption                              
                                 
Disclaimer: The price is based on the latest market information that gets checked every day and is not guaranteed. Exchange rates, hardware prices, as well as availability may change several times a day. Please contact our sales team to verify availability and pricing. In order to secure prices and equipment quantities, it is important to make the payment on the same day, which is why we recommend our customers pay by USDT or USDC.                                 
                                 
                                 

update of our pricing for a better formatting send me an email:

info@jbgsmining.com

Hello there,

our prices as of today 08.05.2023 :

                                 
                        Price per Miner (incl. Shipping costs & Customs Duties & Setup Fee's)         
Manufacturer   Type   TH / MH   Power W/TH   Condition   Algorithm   Availability   MOQ   USA*   Russia**   Paraguay***   Venezuela****
MICROBT   Whatsminer M30S++   100   31W             New   SHA-256   In stock   20   $1,958   $2,244   $2,354           $2,552
MICROBT   Whatsminer M30S++   106   31W             New   SHA-256   In stock   20   $2,145   $2,464   $2,541           $2,739
MICROBT   Whatsminer M50   118   28W             New   SHA-256   In stock   20   $2,640   $3,036   $3,150           $3,366
MICROBT   Whatsminer M50   120   28W             New   SHA-256   In stock   20   $2,805   $3,234   $3,308           $3,531
BITMAIN   Antminer S19XP           141   21.5W     New   SHA-256   In stock   10   $4,961   $5,720   -                   $5,819
BITMAIN   Antminer S19XP           134   21.5W     New   SHA-256   Sold out   10   -   -   -   -
BITMAIN   Antminer S19jPro   100   29.5W     New   SHA-256   In stock   20   $2,123   $2,442   -                   $2,717
BITMAIN   Antminer S19jPro   104   29.5W     New   SHA-256   In stock   20   $2,233   -   -                           $2,827
BITMAIN   Antminer S19jPro+   120   27.5W     New   SHA-256   In stock   20   $2,585   $2,970   -                   $3,311
CANAAN   Avalon 1246 90TH   90   38W             New   SHA-256   In stock   100   -           $1,485   -   -
MICROBT   Whatsminer M50   120   29W             New   SHA-256   In stock   20   -           $3,077   -   -
MICROBT   Whatsminer M30S++   104   31W             New   SHA-257   In stock   20   -           $2,321   -   -
BITMAIN   Antminer S19jPro   104   29.5W     New   SHA-256   In stock   20   -           $2,594   -   -
BITMAIN   Antminer S19jPro+   122   27.5W     New   SHA-256   sold out   20   -   -   -   -
BITMAIN   Antminer L7   8550   -                     New   SCRYPT   In stock   10   $6,864   $8,096   -   -
BITMAIN   Antminer L7   8800   -                     New   SCRYPT   In stock   10   $6,468   $7,612   -   -
BITMAIN   Antminer L7   9050   -                     New   SCRYPT   In stock   10   $6,864   $8,096   -   -
BITMAIN   Antminer  KA3   166   -                     New   KADENA   In stock   10   $11,880   $13,651   -   -
BITMAIN   Antminer K7   63.5   -                     New   EAGLESONG   In stock   10   $8,250   $9,438   -   -
                                 
* USA:   USD 7.5 ct per kw/h, Deposit: 2 months of consumption                              
** Russia:   USD 4.4 / 5.9 ct per kw/h, Deposit: 1 month of consumption               Special Deal - Fast Deployment Option (within 3 days)               
*** Paraguay:   USD 5.9 ct per kw/h, Deposit: 1 month of consumption                              
**** Venezuela:   USD 4.8 ct per kw/h, Deposit: 1 month of consumption                              
                                 
Disclaimer: The price is based on the latest market information that gets checked every day and is not guaranteed. Exchange rate, hardware prices, as well as availability may change several times a day. Please contact our sales team to verify availability and pricing. In order to secure prices and equipment quantities, it is important to make the payment on the same day, which is why we recommend our customers to pay by USDT or USDC.                                 
                                 
                                 

More information on our website:
BTC https://www.jbgsmining.com/en

i bet there are other nations that secretly stack sats.

Source of this article: https://www.jbgsmining.com/en/post/bhutan-s-secret-crypto-investments-a-game-changing-strategy-for-small-nations

The Himalayan kingdom of Bhutan, known for its Gross National Happiness Index and largely agriculture-based economy, has been secretly investing millions of dollars in cryptocurrencies like Bitcoin and Ethereum. The investments were revealed through the bankruptcy filings of crypto lenders BlockFi and Celsius. This revelation raises questions about the reclusive nation's relationship to the turbulent crypto economy and could indicate a game-changing strategy for smaller nations seeking to gain an edge in the financial world.

According to court documents, Bhutan's $2.9 billion sovereign investment arm, Druk Holding & Investments, was a customer of BlockFi and Celsius, which it never publicly disclosed. In recent months, Druk withdrew over $65 million and deposited nearly $18 million in digital assets through Celsius. While the source and purpose of these funds remain unknown, these investments seem like a curious move for a holding company focused on promoting domestic ventures.

This secretive crypto investment could indicate a game-changing strategy for smaller nations. It seems to follow a game theoretical point of view where smaller nations and companies are the first to adopt cryptocurrencies, eventually leading to larger nations and corporations following suit. If Druk is indeed a sovereign wealth fund, it would be the first to directly own cryptocurrency, setting a precedent for other nations to follow.

The kingdom of Bhutan has shown interest in the crypto world, hosting a panel of blockchain advocates in 2020 and working with Ripple to pilot a central bank digital currency in 2021. These partnerships suggest that the nation sees potential benefits in embracing the world of cryptocurrencies and blockchain technology.

Bhutan's undisclosed investments in cryptocurrencies could represent a new financial strategy for small nations looking to compete in the global economy. By embracing cryptocurrencies and blockchain technology, Bhutan is following a game theoretical approach, where smaller nations and companies adopt new technologies before larger ones. As more countries and institutions recognize the potential benefits of cryptocurrencies, the trend could ultimately lead to widespread adoption and significant changes to the global financial landscape.



TL;DR:

Bhutan has been secretly investing millions of dollars in cryptocurrencies like Bitcoin and Ethereum, revealed through the bankruptcy filings of BlockFi and Celsius.

These investments could indicate a game-changing strategy for small nations, following a game theoretical point where smaller nations and companies adopt cryptocurrencies before larger ones.

Bhutan has shown interest in the crypto world, partnering with Ripple for a central bank digital currency pilot program and hosting blockchain advocates in 2020.

This trend could ultimately lead to widespread adoption of cryptocurrencies and significant changes to the global financial landscape.

Hey sorry for the late reply.

Here are the answers to the questions:

Mining Hosting FAQ

1. is there insurance for the mining equipment?
USA: Yes, for a fee of USD 25 per device per year (policies are readily available)
Russia (Northern Europe and Asia): No, but armed security and 24/7 staff, alarm systems and camera surveillance.
Venezuela: Insurance coverage in organisation (available in approx. 4-8 weeks)

2. how is the mining equipment secured?
All sites: camera surveillance
Russia: additional alarm system and armed guard service
Venezuela: 24/7 guard service on site

3. where exactly are the machines located?
5 locations in Venezuela
2 locations in Russia (Krasnoyarsk and Karelia)
2 locations in the USA (North Carolina and Pennsylvania)
1 location in Paraguay
*Exact addresses will only be provided after signature and payment for security reasons.

4. How are the miners air-conditioned?
All sites use an air-cooling system to cool the miners.

5. Is there remote maintenance and can I change my pool?
Customers can monitor and control the miners in the pool account. If changes are required, our remote tech team is happy to help and usually implements changes within a few hours. A ticket system will be introduced soon.

6. which pool do you use and do you have access to the coins?
We use the mining pool viaBTC.com. We do not have access to coins at any time.

7. what happens if a miner is defective?
If a miner is defective within the warranty period (usually 12 months), we automatically take care of the repair process with the manufacturer. However, if a miner fails outside the manufacturer's warranty, the device is first examined in one of our repair centres to identify the fault. Afterwards, customers receive a cost estimate for the repair, which they can agree to. (Depending on the fault, this costs between USD 100-600.

8. Can I see photos or videos of the installation?
We can provide photos upon request.

9. who is the owner of the miners?
From the fulfilment of the purchase contract, the customers become the legal owners of the mining hardware, and this status remains regardless of the hosting partner.

On the subject of the insolvency of our partner Bitkern:
Bitkern has been successfully active as a service provider in the field of crypto mining worldwide for over 6 years. For security reasons, the Bitkern group consists of several companies, so in the unlikely event that one of the companies goes bankrupt, Bitkern will continue to be fully functional.

In the event of insolvency, we would offer various options in consultation with clients, such as shipping the miners to another of our facilities, selling the miners on behalf of the client, or shipping the equipment to the client or another desired location. In theory, there is no loss to the client, only lost profits from Bitcoins not being mined during this time.

On the subject of sending miners there: Is possible, but only if the minimum order quantity of 10-20 (depending on location and model) is reached.


I hope this clarifies all questions.

Have a nice day

Hey,
danke für die Erinnerung.

Hier die Antworten auf die Fragen:

Mining Hosting FAQ

1. Gibt es Versicherungen für die Mining-Geräte?
USA: Ja, gegen eine Gebühr von USD 25 pro Gerät pro Jahr (policen sind gerne einsehbar)
Russland (Northern Europe und Asia): Nein, aber bewaffnete Sicherheitskräfte und 24/7 Personal, Alarmsysteme und Kameraüberwachung
Venezuela: Versicherungsdeckung in Organisation ( Verfügbar in ca. 4-8 Wochen)

2. Wie sind die Mining Geräte gesichert?
Alle Standorte: Kameraüberwachung
Russland: zusätzlich Alarmsystem und bewaffneter Wachdienst
Venezuela: 24/7 Wachdienst vor Ort

3. Wo stehen die Geräte genau?
5 Standorte in Venezuela
2 Standorte in Russland (Krasnojarsk und Karelia)
2 Standorte in den USA (North Carolina und Pennsylvania)
1 Standort in Paraguay
*Genaue Adressen werden aus Sicherheitsgründen erst nach Unterschrift und Bezahlung zur Verfügung gestellt.

4. Wie sind die Miner klimatisiert?
An allen Standorten wird für die Kühlung der Miner auf ein Luftkühlsystem zurückgegriffen.

5. Gibt es Fernwartung und kann man seinen Pool ändern?
Kunden können die Miner im Pool Account überwachen und kontrollieren, bei Änderungen steht unser Remote-Tech Team gerne zur Verfügung, welche Änderungen in der Regel innerhalb weniger Stunden umsetzt. Ticket-System wird zeitnah eingeführt.

6. Welchen Pool nutzt ihr und habt ihr zugrifft auf die Coins?
Wir benutzen den Mining-Pool viaBTC.com. Wir haben zu keiner Zeit Zugriff auf Coins.

7. Was passiert, wenn ein Miner defekt ist?
Falls ein Miner innerhalb der Garantiezeit (üblicherweise 12 Monate) defekt ist, kümmern wir uns automatisch um die Abwicklung des Reparaturprozesses mit dem Hersteller. Sollte ein Miner jedoch außerhalb der Herstellergarantie ausfallen, wird das Gerät zunächst in einem unserer Reparaturzentren untersucht, um den Fehler zu identifizieren. Anschließend erhalten die Kunden einen Kostenvoranschlag für die Reparatur, dem sie zustimmen können. (je nach Fehler kostet dies zwischen 100-600 USD

8. Kann man Fotos oder Videos der Anlage sehen?
Auf Anfrage können wir Ihnen gerne Fotos zukommen lassen.

9. Wer ist der Eigentümer der Miner?
Ab Erfüllung des Kaufvertrages werden die Kunden rechtliche Eigentümer der Mining-Hardware, und dieser Status bleibt unabhängig vom Hosting-Partner bestehen.

Zum Thema Insolvenz des Partners Bitkern:
Bitkern ist seit über 6 Jahren erfolgreich als Dienstleister im Bereich des Krypto Minings weltweit tätig. Aus Sicherheitsgründen besteht die Bitkern-Gruppe aus mehreren Unternehmen, so dass im unwahrscheinlichen Fall, dass eines der Unternehmen in Konkurs geht, Bitkern weiterhin voll funktionsfähig ist.

Im Falle einer Insolvenz würden wir in Absprache mit den Kunden verschiedene Möglichkeiten anbieten, wie z. B. das Versenden der Miner in eine andere unserer Einrichtungen, den Verkauf der Miner im Auftrag des Kunden oder den Versand der Geräte an den Kunden oder einen anderen gewünschten Ort. Theoretisch entstehen dem Kunden keine Verluste, lediglich entgangene Gewinne durch nicht geschürfte Bitcoins während dieser Zeit.

Zum Thema Miner hinschicken:
Ist möglich, aber nur wenn die Mindestbestellmenge von 10-20 (je nach Standort und Modell) erreicht wird.

Hello fellow Bitcoin enthusiasts! Our company is interested in partnering with another Bitcoin company to help grow our businesses together. We believe that a partnership would be mutually beneficial and allow us to offer more value to our customers. If you are interested in discussing a potential partnership, please feel free to reach out to us via the dm's or our email adress: info@jbgsmining.com . We look forward to hearing from you!

I totally get where you're coming from. It's clear that just adopting Bitcoin as legal tender won't magically solve all the economic problems in CAR. Building a strong economy takes a lot more than that, like investing in education, setting up factories, and taking advantage of the local workforce.

That said, cryptocurrencies can still be a useful piece of the puzzle. They can help bring in foreign investments, make international trade easier, and even inspire technological advances. And on top of that bring in more tourists...

Danke für die Antworten. Ich werde morgen im Laufe des Tages darauf reagieren und hoffentlich eure Fragen damit klären.

Schönen Abend noch!

this. Thank you sir.

You are absolutely right. I think they initially did this as a form of good publicity so the public forgets about their problems.

What do you think about the CAR dropping Bitcoin as a legal tender?

Hello guys I wrote this article. Read it here for better formatting:
https://www.jbgsmining.com/en/post/central-african-republic-drops-bitcoin-as-legal-tender

In April 2022, the Central African Republic (CAR) introduced Bitcoin as legal tender, aiming to position itself as one of the "bravest and most visionary countries in the world." However, just one year later, the country has reversed its decision and passed a new law restricting the use of cryptocurrencies once again.

The CAR is one of the poorest countries in the world, struggling with numerous challenges such as political instability, crumbling infrastructure, and food shortages. Nevertheless, last year, the country decided to introduce Bitcoin as legal tender, following El Salvador as the second nation to take this bold step. However, the move generated little interest as most business owners preferred to focus on improving infrastructure and security.

From the very beginning, the introduction of Bitcoin as legal tender was met with skepticism, not least because of the CAR's close ties with Russia and suspicions that the use of cryptocurrencies could serve to circumvent sanctions. Additionally, the United Nations warned that cryptocurrencies in developing countries could be associated with high risks and costs.
Now, the Central African Republic has reversed its decision and repealed the original law. Instead, a new law has been enacted, designating Bitcoin and other cryptocurrencies as reference values that citizens can voluntarily use or accept as payment.

The failure of the Bitcoin project in the CAR can be attributed primarily to the country's economic situation and lack of development. From the outset of the Bitcoin introduction, there were strong doubts about the project's success, as only about ten percent of the population had access to the internet. Furthermore, the promised economic benefits never materialized, and planned projects like building a Bitcoin city or launching their own cryptocurrency stalled.


What do you think about the CAR dropping Bitcoin as a legal tender?

Hallo,

entschuldigung für die vorherige Unklarheit. Ich versuche mehr auf deine Bedenken einzugehen und dir weitere Informationen über die Geschäftsbeziehung mit der JB GS Mining GmbH bieten.

Die JB GS Mining GmbH legt großen Wert auf die sorgfältige Prüfung ihrer Geschäftspartner und stellt sicher, dass Due Diligence in allen Bereichen ihrer Geschäftsbeziehungen durchgeführt wird. Dies bedeutet, dass potenzielle Partner einer gründlichen Untersuchung ihrer finanziellen Stabilität und Liquidität unterzogen werden, bevor eine Zusammenarbeit in Betracht gezogen wird. Diese Vorgehensweise gewährleistet, dass alle Geschäftspartner über ausreichend finanzielle Mittel verfügen, um ihre Verpflichtungen zu erfüllen. Darüber hinaus sind im Falle einer Insolvenz einer der beteiligten Parteien - ein Szenario, das bisher noch nie eingetreten ist - vertraglich festgelegte Regelungen vorhanden, die sicherstellen, dass stets eine Lösung gefunden wird. Dadurch können sowohl die JB GS Mining GmbH als auch ihre Partner auf eine solide und verlässliche Geschäftsgrundlage vertrauen.

JB GS Mining GmbH legt großen Wert darauf, dass alle Rechte und Pflichten beider Parteien (Kunde und Firma) in einem klaren und unmissverständlichen Vertrag geregelt sind. Dabei sind die Rechte und Pflichten bezüglich der Nutzung von Mining-Hardware und -Software, Wartung, Kosten, Verteilung der Coins und Vertragsdauer ausführlich definiert. Es ist auch vertraglich geregelt, dass JB GS Mining GmbH alle notwendigen Lizenzen für die Verwendung der Mining-Software besitzt.

Die Kunden sind bei JB GS Mining GmbH abgesichert, da das Unternehmen sich verpflichtet, die Mining-Hardware im angegebenen Rechenzentrum zu installieren und zu warten. Die Kunden behalten dabei das Eigentum an ihrer Hardware und können die erzeugten Coins direkt auf die von ihnen angegebene Wallet-Adresse erhalten. Außerdem ist vertraglich festgelegt, dass JB GS Mining GmbH zu keinem Zeitpunkt Zugriff auf die Coins der Kunden hat.

Die im Vertrag enthaltenen Service Level Agreements (SLAs) geben Informationen über Wartungs- und Reparaturkosten, Zahlungsbedingungen und Leistungsgarantien. Es ist wichtig zu wissen, dass JB GS Mining GmbH keine Garantie für eine bestimmte Mining-Leistung oder einen bestimmten Ertrag bietet.

Zusammenfassend bietet der Vertrag mit JB GS Mining GmbH eine ausführliche Beschreibung der Geschäftsbeziehung und der damit verbundenen Rechte und Pflichten, um einen sicheren und transparenten Rahmen für Kunden zu gewährleisten.

Ich hoffe die Fragen wurden hiermit beantwortet