Bitcoin Mining Bans Can Backfire on Climate Conscious Governments, a New Research Finds

The intensive energy usage of the Bitcoin network could tempt governments to ban mining due to environmental concerns. A new research paper indicates that could be a mistake, depending on the jurisdiction.

By: CoinDesk

Nov 03 2024
47
3602 Views

Bitcoin Mining Bans Can Backfire on Climate Conscious Governments, a New Research Finds — Bitcoin Mining Bans Can Backfi

"Although it is true that proof of work mining is an energy-intensive activity, this does not directly translate into carbon emissions or environmental harm. Indeed, it all depends on what the sourc… [+847 chars]

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