Michael Saylor: Bitcoin is far less energy intensive than internet giants like Google

Michael Saylor: Bitcoin is far less energy intensive than internet giants like Google


According to reports, Michael Saylor published a lengthy article on his website, sharing some views on Bitcoin mining and the environment. He said that about $4-5 billion in electricity is used to power and secure the $420 billion Bitcoin network today, with the output valued at 100 times the cost of energy input. This makes Bitcoin far less energy intensive than Google, Netflix, or Facebook, and 1-2 orders of magnitude less energy intensive than traditional 20th-century industries such as aviation, logistics, retail, hospitality, and agriculture. He also mentioned that 99.92% of the world’s carbon emissions are due to industrial energy uses other than Bitcoin mining. Therefore, bitcoin mining is neither a problem nor a solution to reducing carbon emissions.

This is an original piece. Reproduction in whole or part without written permission is prohibited.
About products purchase, please contact our sales manager:
[email protected]

About miner repair and after-sale issues, please contact the repair manager email:
[email protected]

For business cooperation, please contact:
[email protected]

If you have any dissatisfaction during the transaction or have valuable suggestions for us, please contact us via this email address:
[email protected]

Recently, many companies claiming to be mining companies imitate us and say that they are related to us, or that they are our branch companies, which has caused customers to be deceived. Please be careful not to believe any impostors, please check our correct contact information and beware of being deceived getting scammed, and losing money.
please check our right contact way: Here