Michael Saylor published a long article on his personal website, sharing some views on Bitcoin mining and the environment.
About $4-5 billion in electricity is used to power and secure the $420 billion Bitcoin BTC -0.72% network today, with the output valued at 100 times the cost of energy input, he said.
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. Bitcoin mining is neither a problem nor a solution to the challenge of reducing carbon emissions.
