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Can Bitcoin Save the Planet? This Lawmaker Highlights How BTC’s Mining Narratives Can Change

source-logo  coingape.com 11 October 2021 00:37, UTC

There has been a lot of criticism about Bitcoin (BTC), and the process of generating new coins through mining, which governments and even industry veterans claim are energy-intensive. The current view on the high energy demands of BTC has pushed China to crack down on mining activities by sending out all miners in the country. The regulatory efforts to shut down crypto activities have even pushed major mining equipment manufacturer, Bitcoin to halt its product supply to mainland China. 

coingape.com