Bitcoin maximalist and billionaire Michael Saylor answered frequently asked questions about the energy consumption and environmental impacts of Bitcoin (BTC) mining.
Michael Saylor 14 September on his social media account in his postwhich has been circulating in the markets recently misinformation and propaganda against Bitcoin environmental impact of mining published an article on Saylor addressed the issues of energy consumption, energy efficiency and carbon emissions in general.
Saylor writes that Bitcoin is the only energy source in the world. 0.15% of also that miners in large populated areas have about approx. 5-10 times more He said they paid money. Bitcoin mining 59.5% of Saylor stated that it is maintained with energy obtained from renewable energy sources, and claimed that energy efficiency has increased by 46% year on year. Bitcoin Mining Council (BMC) Every year in Bitcoin’s energy efficiency, with reference to the mining report of the second half of 2022 18 to 36% rate, and no other sector has achieved these rates. you can’t catch suggested.
Saylor, 420 billion every day on a dollar network 12 billion annual for the security and transfer of dollars 4-5 billion dollar power is used, its output value is approx. to 1% He stated that it matched. The CEO says these ratios are different from traditional 20th century industries. 1-2 times lower pointed to it.
In his article, he gained popularity with the words of Elon Musk. carbon emission Saylor, referring to the issue of carbon emissions in the world, 99.92% of bitcoin other than mining stated that it is due to industrial energy uses. Bitcoin’s carbon emission problem neither cause nor solution Stating that it may be A propaganda against PoW claimed to be.
Michael pointed out that there is a growing awareness that Bitcoin can be used to generate energy from variations of methane gas stranded around the world. On the other hand, Saylor believes that Bitcoin mining a flexible industry Another industry that can easily increase or decrease capacity so flexibly when needed. not stated.
Another issue that the CEO addressed in his letter is Bitcoin’s egalitarian nature it happened. According to Saylor, global corporate companies will eventually move to Central Africa or other sanctioned regions. while not serving Bitcoin is connected to any satellite and in every region with energy surplus without any restrictions or sanctions able to continue to serve the peoples of the world.
On the other hand, another interesting point that Saylor mentions in his article is that all this propaganda is actually Proof of Work (PoW) It was claimed that it was conducted against the system. Proof of Stake (PoS) cryptocurrencies based on to be a security and is open to manipulation Saylor stating, policy makers Even if it cannot drive people away from cryptocurrencies in various ways, institutions readily available under the authority of to cryptocurrencies that you shipped He claimed.