Post
Topic
Board Bitcoin Discussion
Re: It costs less to mine gold than it does to mine Bitcoin
by
jake zyrus
on 13/08/2019, 15:34:27 UTC
It costs less to mine gold than it does to mine Bitcoin

The inefficiency of mining Bitcoin laid bare… Over the past few weeks, the criticism aimed at Bitcoin mining has grown. Chiefly for the fact that Bitcoin uses a lot of electricity to mine

Read more:
https://www.trackcoinmarket.com/crypto-news/37781/costs-gold-bitcoin

But mining gold is not as easy as bitcoin. Mining gold needs man power and also equipments. And you cannot just mine gold if you feel like to. There's a lot of process needed to be done in order to mine gold. You have to go through the government sectors. The damage that mining gold can cause in the environment, is much heavier than bitcoin.

You say, it cost 'less', but there are a lot of factors need to be consider also not just the cost.