Will Crypto Mining Survive Another Government Action?…


Crypto mining is an environmental issue that cannot be overlooked; World governments have tried to put a lid on it but still face an uphill battle as crypto’s popularity grows.

Will crypto mining be able to hold up if the technology is still impacting the Earth at a high level? Or will it move with the times and adapt to the country before governments continue to attack Crypto currencies.

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Crypto War With Mining…

China has been at the forefront of crypto bans and the war between the two sides is only growing and getting tougher. China has banned Bitcoin (BTC) mining, trading and crypto services. The reason given by the Chinese government for the Bitcoin crackdown is to reduce its well-documented climate impact. There is a lot of speculation about other countries like Turkey and India, but one thing we know is that China has a huge influence on the way some countries work to get them banned. This will only inspire more to follow.

The problem with crypto mining is the environmental footprint it leaves on this planet and how it affects the natural resources we have left. Currently, less than a third of global electrical energy is consumed originating from renewable energy sources. If this stock were to move entirely in the direction of cryptocurrency mining, it might give some semblance of sustainability, but it wouldn’t be much more than a fig leaf.

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Reaching for the gold…

After the ban on China, it didn’t take long for the US to become one of the leaders in crypto mining with Russia and many followed. This could stem from every country’s hunger to become the global leader and first on the crypto train. The youThe United States seized the opportunity created by the Chinese ban to become the world’s new mining hub. In Asia, Kazakhstan and Malaysia are ramping up mining activities, as are Germany and Ireland in Europe and Iran in the Middle East, according to recent statistics.

The effort to keep lugging crypto mining makes for some very strange geopolitical bedfellows. Bitcoin was revolutionary when it came out in 2008. It paved the way for a new digital economy. Proof-of-work was a revelation in terms of decentralization and security, but the lack of efficiency left us with a ticking time bomb. This bomb is going off now.

Finding a way to take out the resource and technology used to mine will help it stay alive. We are looking at and prolonging a demise that has been piling up for a while because of how aware and bugged is climate change and the popularity and growth of crypto. Yes, the United States is going fast, but how long and when will they stop using coins like Bitcoin and look at more energy-efficient projects; we can guarantee nothing but to look only at what is happening around us as crypto gets big, so the demand and need that will keep mining going but also will remain at war until a new solution is put forward.

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