As more and more people join the cryptocurrency conversation, Bitcoin mining has been thrust into the limelight. And just like everything surrounding this inherently controversial industry, it’s shrouded in misconceptions. Bitcoin mining is disastrous for the environment. It’s expensive. It’s draining the earth’s natural resources. These are all valid arguments, but they are based on blinkered statistics.
“Forging, instead of using expensive hardware consuming insane amounts of energy, network protection depends on the value of the coins themselves, making the costs of operating the network much cheaper and saving the environment by using an energy consumption that is equal to a common online banking system.”
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