Are accusations against Bitcoin's energy use overrated? Bruno MaĆ§Ć£es offers a few counterpoints to consider. (Incidentally, I've just started farming Chia, a new proof of stake coin that will start trading on May 3.)
Does Bitcoin hurt the climate? Not so fast
Bitcoin consumes a lot of energy. In early March, Bill Gates told the New York Times, āBitcoin uses more electricity per transaction than any other method known to mankind.ā According to some estimates, it may account for 0.5% of total global electricity consumption
brunomacaes.substack.com