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BTC Mining Is An Energy Efficient, Clean Industry: Michael Saylor

Written by: Qadir AK

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Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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Sep 15, 2022

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Just before Ethereum’s transition to proof-of-stake (PoS), Bitcoin (BTC) maximalist Michael Saylor has taken a stand against what he calls “misinformation and propaganda” about the environmental impacts of proof-of-work (PoW) BTC mining. Michael Saylor has argued that Bitcoin mining could become a clean, profitable, and modern industry that generates hard currency for remote locations in the developing world.

His key argument in his Twitter post was against the notion that PoW BTC mining isn’t energy efficient. Saylor claimed that it is the “cleanest industrial use of electricity and is improving its energy efficiency at the fastest rate across any major industry.” He also mentioned that 99.92% of carbon emissions in the world are due to industrial uses of energy, and Bitcoin mining is hardly a contributor. 

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