Post
Topic
Board Bitcoin Discussion
Re: Will countries ban Bitcoin mining due to environmental concerns?
by
Doan9269
on 10/06/2022, 18:48:43 UTC
Do you think countries worldwide will ban Bitcoin mining due to environmental concerns? If not, why?

I don't really think this is possible for every country to ban bitcoin mining, the reason being that they know themselves that bitcoin poses less environmental disaster compared to other activities carried by government such as mining of natural resources, what i think government want is the power to regulate the entire bitcoin mining sector but their rule of power is limited to only tax payment from those minners.

If mining is banned, do you think Bitcoin will switch to PoS? Will it still survive being a PoW cryptocurrency?

The worst that might happen is to ban the bitcoin mining and if this is achieved then the alternative is to switch to renewable energy use, all this threat created by government is because of the full dependency on thier electric power supply for bitcoin mining, government can't be the determinant to using PoW or PoS.