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Chart of the Day: Gold mining is 20 times more expensive than bitcoin mining
Every year, more than $87.3 billion is spent on gold mining, while bitcoin mining costs only $4.3 billion. This data has been provided by LongHash portal based on a research of the analytical company Panda Analytics.


In other words, gold mining is 20 times more expensive than bitcoin mining. Nevertheless, many skeptics continue to talk about a potential environmental catastrophe, which is connected to cryptocurrency mining. Next time, instead of answering, just show them this chart.

Yes, the complexity of bitcoin mining is growing, and miners require more computing power. But, bitcoin has one indisputable advantage: its emission is 100% predictable, unlike gold.


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