• Latest
  • Trending

Michael Saylor Defends BTC Mining Amid Criticisms of Energy Consumption

April 18, 2023

Bitcoin’s price rises 141% in 2023: What it means for BTC’s prediction

December 7, 2023

Switzerland Charges Trafigura and a Former Top Executive With Bribery

December 6, 2023

Lebanese Soldier Dies, Army Post Comes Under Israeli Shelling, For 1st Time In The Conflict

December 6, 2023

Pro-Blockchain Bill Clears Hurdle in U.S. House

December 6, 2023

Bitcoin Mining Exceeds New York City’s Annual Water Use: Report

December 6, 2023

GMX trading volume explodes amidst crypto market rally

December 6, 2023

Bitcoin (BTC) and Ethereum (ETH) Rally Boosts NFT Market Surge

December 6, 2023

Wall Street CEOs say Basel 3 endgame rules will hurt Americans

December 6, 2023

BoE’s Bailey: rates will need to stay around current levels

December 6, 2023

The Market’s Next Big Pain Trade

December 6, 2023

Bitcoin Core's 'v26.0' Upgrade Aims to Impede Eavesdropping, Tampering

December 6, 2023

Cryptology launches its new staking product

December 6, 2023
Retail
Thursday, December 7, 2023
  • Home
  • Learn About Crypto

    How to Use ChatGPT for Crypto Trading?

    What is TradingView? The Leading Trading Charts Platform

    Best DeFi Crypto Projects in 2023

    Crypto Taxes 101 – Phemex

    Human vs. AI-Generated Music: Indistinguishable, or Uncanny Valley?

    Best crypto Twitter accounts to follow in 2023 for better investment decisions

    What is the Lightning Network? Bitcoin’s Scalability Solution.

    Crypto Domain Names: What is it?

    What Are Stablecoins and How Do You Use Them?

  • Bitcoin

    Lebanese Soldier Dies, Army Post Comes Under Israeli Shelling, For 1st Time In The Conflict

    Pro-Blockchain Bill Clears Hurdle in U.S. House

    The Market’s Next Big Pain Trade

    Bitcoin Core's 'v26.0' Upgrade Aims to Impede Eavesdropping, Tampering

    Exxon Hikes Buybacks 14%, Will Buy Back $20 Billion In Stock Next Year

    Elon Musk Halts Dogecoin Surge by Saying His AI Business Is 'Not Raising Money'

    Futures Rise As Europe Hits 4 Month High

    Societe Generale-Backed Euro Stablecoin EURCV Starts Trading on Bitstamp

    Global Emissions Are Set For Another Record This Year, Thanks To China And India

  • Ethereum

    Ethereum aims for $2000, but there are some obstacles

    Crypto fund inflows surpass 2022 numbers in 6 weeks

    High amounts of Ethereum get unstaked – Should you be concerned?

    Staked ETH On Steady Course To Surpass Exchange Balances

    Solana rallies against Ethereum: What it means for you

    Core Ethereum Developers Mull Extending Validator Balance To Over 2000 ETH

    ETH sees price gains as Blackrock moves toward spot Ethereum ETF filing

    Aave DAO Votes On Redeploying $3 Million In Ether To wstETH And rETH For Higher Yield

    Ethereum crosses a key price level – Is a new rally in the works?

  • NFT

    Bitcoin (BTC) and Ethereum (ETH) Rally Boosts NFT Market Surge

    Amazon Prime Is Giving Out Free Card Packs for NFT Game ‘Gods Unchained’

    Ethereum NFT Creators Scramble to Secure Projects From Thirdweb Exploit

    NFTScan Community Welcomes the Launch of Mint Blockchain

    Enjin Beam upscales NFT allocation options

    A Sonic Revolution in the NFT World

    Gamers Are Paying Big Bucks for Square Enix NFT Characters Like ‘Egg’ and ‘Starvation’

    Is NFT Winter Over? Prices Climb as Bitcoin and Ethereum Surge

    Blur dominates almost 80% of NFT trading volume as market activity spikes

  • Altcoins

    GMX trading volume explodes amidst crypto market rally

    Cryptology launches its new staking product

    Solana: Will FTX’s latest move affect short-term price prediction?

    CoinEx Research: An introduction to common vulnerabilities and attacks in smart contracts

    Ethereum spot ETF race heats up: This cohort takes an interest

    Of SHIB’s surging burn rate and BONE’s role in it all

    Chainlink Announces Exciting Upgrades with Staking v0.2

    The state of L2 networks as curtains draw on 2023

    Ethereum NFT market sees resurgence – What prompted the boom?

  • Mining

    Bitcoin Mining Exceeds New York City’s Annual Water Use: Report

    Texas Bitcoin Mining Operation Shutdown By Host’s Armed Security

    Marathon Digital mined 1,187 BTC in November amidst record network difficulty

    New-look Hut 8 eyes AI-related opportunities after merger

    Minnesota Power Co-op Accuses Couple of Major Electricity Theft for Bitcoin Farm Operation

    YouTuber accused of bribing power worker to upgrade bitcoin mine

    Bitcoin miner Phoenix Group makes $2.47B trading debut in Abu Dhabi rising 50%

    Bitmain’s Antpool Regains Crown as Top Bitcoin Miner, Overtaking Foundry USA

    Riot plots aggressive hashrate growth via latest MicroBT deal

  • Financial News

    Switzerland Charges Trafigura and a Former Top Executive With Bribery

    Wall Street CEOs say Basel 3 endgame rules will hurt Americans

    BoE’s Bailey: rates will need to stay around current levels

    Texas Bank Overdraws Its Own Accounts After Messy Tech Update

    UK plans higher liquidity requirements for money market funds

    Job data suggests ‘soft landing’ may be near, say economists

    Bank of England says UK coping with higher rates for now but sees risks ahead

    What’s a Real-Estate Fund Worth? Depends on Who’s Doing the Math

    Vietnamese companies eye U.S. IPO market amid lull in Chinese listings

  • Market Cap
No Result
View All Result
What's Up Market
No Result
View All Result

Michael Saylor Defends BTC Mining Amid Criticisms of Energy Consumption

April 18, 2023
in Mining
0 0
0


Mining


MicroStrategy founder Michael Saylor argued in opposition to a current article discussing electrical energy consumed throughout Bitcoin mining. In keeping with Taylor, hundreds of thousands of American households profit from diminished 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 information facilities working on extra electrical energy that will in any other case be wasted, and carry out the very important position of powering essentially the most safe laptop community on this planet.

— Michael Saylor⚡️ (@saylor) April 18, 2023

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

YOU MAY ALSO LIKE

Bitcoin Mining Exceeds New York City’s Annual Water Use: Report

Texas Bitcoin Mining Operation Shutdown By Host’s Armed Security

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 rising power payments for hundreds of thousands of American households whereas enriching crypto executives — and inflicting as a lot air pollution as an extra 3.5 million gas-powered automobiles.

The doc claimed that contained in the shell of a former aluminum smelting plant positioned an hour away from Austin, rows of computer systems have been working at a scale equal to powering roughly 6,500 houses to amass Bitcoin.

See also  China FUD Over Bitcoin Mining Is ‘Now Moot,’ Luxor Report Says

Furthermore, the New York Instances has recognized 34 large-scale Bitcoin mining operations in america that put immense stress on the ability grid and create prices reminiscent of elevated electrical energy payments and substantial carbon air pollution.

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

Saylor has all the time been an enormous supporter of Bitcoin. In his current tweet, the 58-year-old billionaire shared that he has included Bitcoin’s Lightning Community into his firm e mail tackle. 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.


Source link

Tags: BTCConsumptionCriticismsDefendsenergyMichaelMiningSaylor
ShareTweetShare

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result

Recent News

Bitcoin’s price rises 141% in 2023: What it means for BTC’s prediction

December 7, 2023

Switzerland Charges Trafigura and a Former Top Executive With Bribery

December 6, 2023

Lebanese Soldier Dies, Army Post Comes Under Israeli Shelling, For 1st Time In The Conflict

December 6, 2023


About Us

The website strives to educate individuals in making wise choices about Cryptocurrencies, Mining, Financial Market, and more.

Recent News

  • Bitcoin’s price rises 141% in 2023: What it means for BTC’s prediction
  • Switzerland Charges Trafigura and a Former Top Executive With Bribery
  • Lebanese Soldier Dies, Army Post Comes Under Israeli Shelling, For 1st Time In The Conflict

Newsletter

  • Contact
  • Terms & Conditions
  • Privacy Policy

© 2022 whatsupmarket - All rights reserved

No Result
View All Result
  • Home
  • Learn About Crypto
  • Bitcoin
  • Ethereum
  • NFT
  • Altcoins
  • Mining
  • Financial News
  • Market Cap

© 2022 whatsupmarket - All rights reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoinBitcoin(BTC)$43,756.00-0.52%
  • ethereumEthereum(ETH)$2,234.46-2.62%
  • tetherTether(USDT)$1.000.12%
  • binancecoinBNB(BNB)$229.87-0.60%
  • rippleXRP(XRP)$0.642.94%
  • solanaSolana(SOL)$61.91-0.34%
  • usd-coinUSDC(USDC)$1.000.04%
  • staked-etherLido Staked Ether(STETH)$2,233.25-2.40%
  • cardanoCardano(ADA)$0.4423494.63%
  • dogecoinDogecoin(DOGE)$0.0952631.66%