On the eve of Ethereum's transition to proof-of-stake, Michael Saylor has chimed in on 'misinformation' about Bitcoin, proof-of-work, and its alleged negative impacts on the environment.
, a group of 45 companies that claim to represent 50.5% of the global network, noting:
Saylor’s argument comes as the BTC mining industry has received a lot of pressure over its alleged impact on the environment, which has even led to certain U.S. statesSaylor claims that constant improvements to the network and"relentless improvement in the semiconductors," makes mining far more energy efficient than large tech companies such as Google, Netflix, or Facebook.
“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 like airlines, logistics, retail, hospitality, and agriculture.” Looking at the numbers, Saylor does not believe environmentalist arguments condemning PoW mining are fair.
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