Post
Topic
Board Bitcoin Discussion
Re: Will countries ban Bitcoin mining due to environmental concerns?
by
Gyfts
on 11/06/2022, 22:26:10 UTC
Do you think countries worldwide will ban Bitcoin mining due to environmental concerns? If not, why? If mining is banned, do you think Bitcoin will switch to PoS? Will it still survive being a PoW cryptocurrency? Your input will be greatly appreciated. Thanks. Smiley

They don't need any reason to ban Bitcoin. If they wanted to ban bitcoin, they could and wouldn't need to cite environmental concerns. What you're currently seeing is Bitcoin regulation for security concerns as their excuse.

Politicians don't understand energy consumption and so they have false notions that Bitcoin mining requires copious amounts of energy. It doesn't when compared to other financial systems and payment processors, and of course they wouldn't know that because they haven't done the most basic amounts of research.