July 21, 2024

Michael Saylor: "Bitcoin Miners Are Lowering Other Citizens' Electricity Bills"

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Michael Saylor:

The founder of MicroStrategy spoke out in defense of bitcoin miners, saying that their activities do not polluteenvironment, but reduces citizens' electricity bills.

Senator Elizabeth Warren rebuked miners in April, saying they were increasingElectricity bills for millions of American families and enrich the leaders of cryptocurrency projects.According to the parliamentarian, miners cause the same damage to the environment as 3.5 million gas-powered cars.

Former MicroStrategy CEO Michael Saylor responded to Warren in the comments.attempting to refute her claim.the role of data centers and use excess electricity that would otherwise be wasted, insistsAt the same time, miners perform an important function, ensuring the operation of the most secure computer network in the world, according to theBitcoin enthusiast. 

Recently, Saylorrevealed that he has integrated the Lightning Network into his corporate email address, and now he is receivingfrom users to 21 satoshis.

Last year, the founder of MicroStrategy opposed a two-year moratorium on the launch of new mining farms in New York state, calling the lawmakers' actions pointless and harming the state's economy.