Miami Mayor Francis Suarez has dubbed Bitcoin ‘dirty’ after recently pointing out that BTC uses too much energy to operate.
Appearing on Unconfirmed, a podcast by cryptocurrency journalist Laura Shin, Suarez gave his two satoshis-worth on what he thought about how Bitcoin is generated.
He stated outright that at least 90% of Bitcoin that is generated outside of the US comes from dirty energy. “So, that's the reason why it's considered to be a dirty activity”, Suarez explained to listeners.
Suarez, though, is a man with a plan. He believes that the US can improve the situation by providing clean energy substitutes that mining and operating the bulky Bitcoin ecosystem require.
Environmental concerns have been a legitimate issue regarding Bitcoin. In fact, mining Bitcoin has been known to produce more energy than a country such as Argentina uses up in an entire year.
You could argue its strange Tesla, a car company dedicated to slashing CO2 emissions, bought $1.5bn worth of Bitcoin earlier this year. Skeptics would say that Elon Musk didn't act out of a love for the environment in this deal. The company made a mint on Bitcoin, outstripping its profit from annual car sales.
Back to Suarez, the mayor feels confident that he knows what he is doing. “It would be to benefit the crypto community if we did more mining in the US because we produce clean energy so it would change that narrative and that dynamic and also in the future you will see solar and other kinds of clean technology”, he added confidently.
This naturally begs the question is it worth spending so much energy on Bitcoin and is it the biggest emitter in the first place?