Resistance is futile! 3 reasons why Bitcoin mining will never go away
Numerous governments have tried to ban Bitcoin mining, but data and insights from those in the mining industry suggest that this is easier said than done.
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Numerous governments have tried to ban Bitcoin mining, but data and insights from those in the mining industry suggest that this is easier said than done.
Analysis of Bitcoin’s Proof of Work and the Lightning Network exposes the banking system as energy hungry, demonstrating that Bitcoin is better for the planet.
Governments and environmentalists are quick to criticize the amount of electricity Bitcoin mining uses, but investors’ growing interest in crypto is leading to positive steps in the energy sector.
A founding member of Ethereum has claimed that Bitcoin uses nearly 1% of the world’s electricity, but different sources put it substantially lower.
The proposal to ban Bitcoin mining in Norway was rejected in a vote by the Norwegian Parliament on May 10.
In addition to air and water pollution as a result of energy production, the lawmakers pointed to electronic waste from mining rigs, and noise pollution in surrounding communities.
As today’s energy market becomes decentralized, energy grid operators may need to take a Web3 approach to asset management and security.
BTC mining and the miners, themselves, seem to be doing more than just securing the Bitcoin network.
Can Bitcoin mining be part of the solution for greenhouse emissions rather than part of the problem?
According to a series of mining metrics, not only are miners holding hard but they’re also dramatically increasing their hash rate.