Michael Saylor Defends BTC Mining Amid Criticisms of Energy Consumption
Mining
MicroStrategy founder Michael Saylor argued in opposition to a latest article discussing electrical energy consumed throughout Bitcoin mining. In keeping with Taylor, tens of millions of American households profit from lowered power payments because of Bitcoin miners who function with out creating air pollution.
#Bitcoin miners lower the power invoice for tens of millions of American households and don’t create air pollution. They’re knowledge facilities operating on extra electrical energy that might in any other case be wasted, and carry out the very important function of powering probably the most safe pc community on the earth.
— Michael Saylor⚡️ (@saylor) April 18, 2023
Furthermore, the founder believes these miners are basically knowledge facilities that run on extra electrical energy that might have in any other case gone to waste. In performing this essential operate, they energy probably the most safe pc community on the earth.
Saylor’s tweet was a reply to US Senator Elizabeth Warren’s reshare of a New York Instances article. The Massachusetts consultant had mentioned:
Bitcoin mines are growing power payments for tens of millions of American households whereas enriching crypto executives — and inflicting as a lot air pollution as an extra 3.5 million gas-powered automobiles.
The doc claimed that contained in the shell of a former aluminum smelting plant situated an hour away from Austin, rows of computer systems have been working at a scale equal to powering roughly 6,500 houses to accumulate Bitcoin.
Furthermore, the New York Instances has recognized 34 large-scale Bitcoin mining operations in america that put immense strain on the facility grid and create prices equivalent to elevated electrical energy payments and substantial carbon air pollution.
The article additionally shared that these operations use an infinite quantity of electrical energy, with one firm, Bitdeer, being paid a mean of $175,000 per hour to maintain their computer systems offline in Texas throughout an influence grid emergency.
Saylor has at all times been a giant supporter of Bitcoin. In his latest tweet, the 58-year-old billionaire shared that he has integrated Bitcoin’s Lightning Community into his firm e mail tackle. In the meantime, Senator Elizabeth Warren has been on the forefront of a number of anti-bitcoin and crypto payments launched over the previous 12 months.
