BITCOIN MINING ’50 TIMES MORE USEFUL’ – BARRY SILBERT REBUTS ENERGY COST VS. GOL

[sell100]

BITCOIN MINING ’50 TIMES MORE USEFUL’ – BARRY SILBERT REBUTS ENERGY COST VS. GOLD

Cryptocurrency industry figures continue to hit back at negative stories about Bitcoin mining in mainstream media, Barry Silbert claiming mining Bitcoin was “50 times more

Read more:
https://www.trackcoinmarket.com/crypto-news/38189/bitcoin-mining-50-times-useful-barry-silbert-rebuts-energy-cost-vs-gold

[Zin-Zang]

Just because Barry Silbert pulled a # out of his arse does not make it true.

Fact: Bitcoin Mining is extremely wasteful for the Pathetic Onchain Transactions Performance it offers.

[jseverson]

Lmao he literally just retweeted something and typed out "And 50x more useful" with no justifications whatsoever. How the hell were they able to make a story out of this?

But yeah Bitcoin mining being energy intensive isn't fake news. It's true and even comes with figures, but it's being way overstated. Almost as overstated as saying Bitcoin mining is 50x more useful than gold mining just because lol.