You are viewing a single comment's thread from:

RE: Daily Crypto Markets Live Blog: vexPOLYCUB Goes Live (07/16/22)

in LeoFinance2 years ago

Near the start of the era when Bitcoin mining needed to be done by rigs the size of data centers, the usual purveyors of FUD presente stories and news segments about how energy-intensive Bitcoin mining had become.

At the time, this was true.

Since then, they's stuck with that mantra about PoW being hostile to the environment.

While PoW is still energy-intensive and the mining rigs have become larger and even more complex, no one in FUD-Land dares to acknowledge that energy consumption by these PoW systems has either maintained that level or decreased it.

They seem to have forgotten that necessity if the mother of all inventions, and there was a need for Bitcoin and other PoW mining rigs to reduce their energy usage.

Posted Using LeoFinance Beta

Sort:  

Yeah, I forgot exactly the time I read that LeoFinance article arguing that the environmental threat caused by PoW is not as serious as the mainstream wants everyone to believe.