Post
Topic
Board Bitcoin Discussion
Re: Bitcoin mining ban in Europe
by
teosanru
on 30/10/2022, 17:32:56 UTC
https://www.coindesk.com/policy/2022/10/18/eu-countries-must-be-ready-to-block-crypto-mining-commission-says/
EU Countries Must Be Ready to Block Crypto Mining, Commission Says
"The European Union's executive arm also wants blockchains to show energy-efficiency labels and to end crypto tax breaks.
Europe represents 10% of global proof-of-work mining"and

Can this affect the price of bitcoin or is this another anti-mining statement?
I don't know why this new sustainability saga is going around the World. Almost every business these days have to showcase their contribution to environment. I don't think this is wrong but to be true most of it is just a sham and actuality is far away from truth. Companies often say false in these statements. Talking about bitcoin the only way it can be energy efficient is if it shifts to mining using only and only renewable energy methods which is very difficult considering most of the mining is still done in developing nations, other way out is to shift to pos which will defeat the very purpose of bitcoin so makes no sense to shift on that as well.