Argo Blockchain: Leading the Green Mining Wave. Featuring Peter Wall and Moritz Seibert on Real Vision
Filmed on March 29, 2021.
Peter Wall, CEO of Argo, joins Moritz Seibert, CEO/CIO of Munich Re Investment Partners and co-founder at TwoQuants.com, to discuss crypto mining, its carbon footprint, sustainable power management, and the institutional adoption of green cryptocurrencies coming out of the space. Wall describes Argo as being focused on access to power and access to machines—with that, Wall pictures Argo as a blockchain technology company that can tap into both the proof of work and proof of stake sides of the market. He explains that the main argument against mining is its large carbon footprint if you are not mining with renewables. To help solve this problem, Argo has co-founded the first green crypto mining pool, which will pave the way for miners to mint pure green Bitcoin. Wall envisions that, with the institutional adoption of Bitcoin, there will be a concerted effort to ensure that if Bitcoin is added to the balance sheet, companies will push for a green alternative, avoiding any negative pushback. Consequently, Wall hopes that the push for green mining will lead to green Ethereum and in turn green transactions, ensuring that you will never have a Bitcoin mined or any other blockchain-powered by less eco-friendly means.