Michael Saylor Defends BTC Mining Amid Criticisms of Power Consumption

• MicroStrategy founder Michael Saylor defends mining saying it reduces power payments and doesn’t inflicting air pollution.
• Saylor argues that Bitcoin miners perform as knowledge facilities, operating on extra electrical energy that will have in any other case gone to waste.
• The New York Instances recognized 34 large-scale Bitcoin mining operations within the US, inflicting elevated electrical energy payments and substantial carbon air pollution.

MicroStrategy founder Michael Saylor argued in opposition to a latest article discussing electrical energy consumed throughout Bitcoin mining. In accordance with Taylor, hundreds of thousands of American households profit from lowered power payments due to Bitcoin miners who function with out creating air pollution.

#Bitcoin miners lower the power invoice for hundreds of thousands of American households and don’t create air pollution. They’re knowledge facilities operating on extra electrical energy that will in any other case be wasted, and carry out the important position of powering probably the most safe laptop community on the planet.

— Michael Saylor (@saylor) April 18, 2023

Furthermore, the founder believes these miners are primarily knowledge facilities that run on extra electrical energy that will have in any other case gone to waste. In performing this crucial perform, they energy probably the most safe laptop community on the planet.

Saylor’s tweet was a reply to US Senator Elizabeth Warren’s reshare of a New York Instances article. The Massachusetts consultant had stated:

Bitcoin mines are growing power payments for hundreds of thousands of American households whereas enriching crypto executives — and inflicting as a lot air pollution as a further 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 had 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 ability grid and create prices similar to elevated electrical energy payments and substantial carbon air pollution.

The article additionally shared that these operations use an unlimited quantity of electrical energy, with one firm, Bitdeer, being paid a median of $175,000 per hour to maintain their computer systems offline in Texas throughout an influence grid emergency.

Saylor has at all times been an enormous supporter of Bitcoin. In his latest tweet, the 58-year-old billionaire shared that he has included Bitcoin’s Lightning Community into his firm electronic mail handle. In the meantime, Senator Elizabeth Warren has been on the forefront of a number of anti-bitcoin and crypto payments launched over the previous yr.

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