RATE Group | New Study Highlights the Many Positives of Bitcoin Mining
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New Study Highlights the Many Positives of Bitcoin Mining

03 Sep New Study Highlights the Many Positives of Bitcoin Mining

Posted at 05:46h in Bitcoin News by

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New Study Highlights the Many Positives of Bitcoin Mining

Mining

It’s become fashionable in public circles to bash Bitcoin on account of its energy consumption. Virtually every week, mainstream media (MSM) attacks bitcoin mining, painting alarmist pictures of a planet burning due to the ‘wasteful’ design of Proof of Work. The reality is less cut-and-dried. Bitcoin’s defenders have been hitting back lately, with one new study highlighting the many positives of PoW.

Also read: Ludicrous Headlines About Bitcoin Mining Will Kill Us All

The Case Against Proof of Work

“It’s become popular today to dismiss Bitcoin’s Proof-of-Work as wasteful and bad for the environment,” observes a paper published on August 30 by Node Blockchain’s Saad Imran. Search for ‘bitcoin’ on any MSM website and…

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