Jason Les, Riot Blockchain CEO, joins 'Power Lunch' to discuss the cost-benefit analysis for crypto mining in today's environment, conserving energy and selling it back to the grid and more. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi
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Francisco Gimeno - BC Analyst Concerns for high energy use in crypto mining have been one of the two main reasons those against crypto use to dismiss this industry (the other being "crypto is mainly used by criminals"). In fact there are industries (concrete plants, for instance) which are using for decades huge amounts of power and we don't hear anyone to complain or call for their closing. However, ethically and also for the good of the business actions like the one described in this podcast are interesting. Crypto mining is more than profit. It's part of the change to a new societal, financial paradigm where everybody should be involved, not just some few. Everything that means conserving energy and even to sell it back to the grid is welcomed.