I think we all know the fact that BTC mining consumes lot of electricity and many cities/countries are banning Bitcoin mining or charging heavy bills. The cost of mining is rising, places to mine are become less. And this will only get worse as the mining difficulty will rise. And not only that, as per this Cointelegram post, the profit margin has drastically lowered.
https://cointelegraph.comIt is very obvious from the bitcoin's ecosystem that mining won't be profitable as rewards decrease eventually.However government banning mining because it consumes too much electricity is bullshit.There are 100 other industrial processes which consume more electricity than any of the miners.Not sure if the article writer needs a topic to ramble about.
How do you think this will impact Bitcoin mining and Bitcoin itself. Do you think mining will become way more centralized due to this? Do you think mining difficulty will be brought down (I know this option is almost impossible)? Maybe we will have new mining hardware? Or mining will become a loss service and there will be almost no Bitcoin miners left?
The answer to all of that is just "NO".