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ANDRÉ CRAMER

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Are you aware of the insane Energy Consumption for Bitcoin Creation that is ahead of us? Soon to hit a hard wall…

Over the last months and especially culminating in the last days, it was hard to avoid the bitcoin topic. Climbing to insane heights, bitcoin has passed even the keenest expectations regarding “value” that many of us had. The price has crossed the $15k mark for the first time this week.

Although I do see a bright future for cryptocurrencies, for me the key value lies in the potential it has in enabling us to create a fundamentally new financial system. From a speculators point of view I do believe that what we currently see is mostly based on the greater fool theory (“I will buy Bitcoin because others will hype it even more”). Continue reading “Are you aware of the insane Energy Consumption for Bitcoin Creation that is ahead of us? Soon to hit a hard wall…” →

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The Coming Electrification of Everything (Andrew Beebe)

At Obvious Ventures, we believe stored electricity, increasingly derived from renewable sources, will entirely replace fossil fuels as the preferred method to power everything in our lives. From cars to scooters to boats to locomotives to industrial equipment, we are in the midst of a transition that will electrify everything previously driven by combustion.

There are two simple reasons we’ll make this change sooner than most people think. First, electrically powered things just work better. And people want things that work better. The second reason is really just a piece of the first…

via The Coming Electrification of Everything – World Positive

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Solar was the cheapest source of electricity in 2016, and it will further undercut fossil fuels in 2017 (Michael J. Coren)

The renewable energy future will arrive when installing new solar panels is cheaper than a comparable investment in coal, natural gas or other options. If you ask the World Economic Forum (WEF), the day has arrived.

Solar and wind is now the same price or cheaper than new fossil fuel capacity in more than 30 countries, the WEF reported in December (pdf). As prices for solar and wind power continue their precipitous fall, two-thirds of all nations will reach the point known as “grid parity” within a few years, even without subsidies…

Source: Solar was the cheapest source of electricity in 2016, and it will further undercut fossil fuels in 2017 — Quartz

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Cheap & Abundant Solar Energy is Coming: In the next 20 years, between 50 to 100 % of the world’s energy production could come from solar (Peter Diamandis)

Today, the global oil and natural gas industry is about a $4 trillion business. It’s big money, and in the US, 67% of the electricity generated in 2015 was from fossil fuels (coal, natural gas, and petroleum).

This is about to change…

Source: Cheap and Abundant Solar Energy is Coming – Medium

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Solar power becoming world’s cheapest form of electricity production, analysts say (Ian Johnston)

Solar power is becoming the cheapest way to generate electricity, according to leading analysts.Data produced by Bloomberg New Energy Finance (BNEF) showed the cost of solar in 58 lower-income countries – including China, Brazil and India – had fallen to about a third of levels in 2010 and was now slightly cheaper than wind energy.

In August, an auction to supply electricity in Chile achieved the record low price of $29.10 (£23.30) per megawatt-hour – a record low price and about half the price of a coal competitor…

Source: Solar power becoming world’s cheapest form of electricity production, analysts say | The Independent

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