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2022-01-30 01:48:34

Will Crypto Mining Survive Another Government Crackdown?

Crypto mining has been an environmental issue that can’t be over looked; world governments have tried to put a lid on it, but still have an uphill battle as the popularity of crypto grows. Will crypto mining be able to last, if the technology still impacts the earth on high levels and adoption doesn’t increase appropriately? Or will it mold with the time and adapt with the land before governments continue to attack cryptocurrency. Related Reading | Elevate Brands Offering Bitcoin Payouts on Coinbase Prime Crypto War With Mining … China has been in the forefront of crypto bans, and the war between the two parties only grows and gets more harsh. China slapped a ban on Bitcoin (BTC) mining, trading and crypto services; the Chinese government’s given reason for the Bitcoin crackdown is to reduce its well-documented climate impact. Speculation exists on other countries that could follow suit, such as Turkey and India. The problem with crypto mining is the carbon footprint it leaves on this planet and how it is impacting the natural resources we have left. Currently, less than one-third of global electric power is sourced from renewables. If this share went fully toward cryptocurrency mining, perhaps it could lend it a semblance of sustainability, but it would be little more than a fig leaf. BTC: BTC is currently the largest crypto. | BTC-USD on TradingView.com Grabbing At The Gold… After China̵...

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