The Environmental Cost of Gold Mining

King Ferdinand of Spain, sponsor of Christopher Columbus, had only one command for the conquistadors: “Get Gold! Humanely, if possible, but at all hazards!”

500 years later this sentiment still seems to be the same, with the addition of new hazards. Gold bugs and Bitcoin advocates share the common belief that the fiat currency system is on the brink of collapse, while continuously debasing itself to stay alive. The solution? A commodity-based alternative that ensures the preservation of accrued value, impervious to debasement.

With the upcoming 4th halving of the block subsidy from 6.25 to 3.125 BTC in April 2024 the inflation rate (annual growth rate of total supply) of Bitcoin will…

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