BTC Mining Is An Energy Efficient, Clean Industry: Michael Saylor

BTC Mining Is An Energy Efficient, Clean Industry: Michael Saylor

The post BTC Mining Is An Energy Efficient, Clean Industry: Michael Saylor appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide

Just before Ethereum’s transition to proof-of-stake (PoS), Bitcoin (BTC) maximalist Michael Saylor has taken a stand against what he calls “misinformation and propaganda” about the environmental impacts of proof-of-work (PoW) BTC mining. Michael Saylor has argued that Bitcoin mining could become a clean, profitable, and modern industry that generates hard currency for remote locations in the developing world.

His key argument in his Twitter post was against the notion that PoW BTC mining isn’t energy efficient. Saylor claimed that it is the “cleanest industrial use of electricity and is improving its energy efficiency at the fastest rate across any major industry.” He also mentioned that 99.92% of carbon emissions in the world are due to industrial uses of energy, and Bitcoin mining is hardly a contributor. 

Did you like this?
Tip Bitcoin Tradeboard with Cryptocurrency

Donate Bitcoin to Bitcoin Tradeboard

Scan to Donate Bitcoin to Bitcoin Tradeboard
Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate Bitcoin Cash to Bitcoin Tradeboard

Scan to Donate Bitcoin Cash to Bitcoin Tradeboard
Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate Ethereum to Bitcoin Tradeboard

Scan to Donate Ethereum to Bitcoin Tradeboard
Scan the QR code or copy the address below into your wallet to send some Ether:

Donate Litecoin to Bitcoin Tradeboard

Scan to Donate Litecoin to Bitcoin Tradeboard
Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate Monero to Bitcoin Tradeboard

Scan to Donate Monero to Bitcoin Tradeboard
Scan the QR code or copy the address below into your wallet to send some Monero:

Donate ZCash to Bitcoin Tradeboard

Scan to Donate ZCash to Bitcoin Tradeboard
Scan the QR code or copy the address below into your wallet to send some ZCash: