Bitcoin Mining Ban in Europe

Is that a good idea?

Photo by Markus Spiske on Unsplash

Today 14/03/22, the European Union Council on Markets in Crypto Assets (MiCA) is about to vote on whether to ban Bitcoin mining due to environmental concerns.

Bitcoin mining consumes a fair amount of electricity through the Proof of Work mechanism and some bureaucrats reckon it would be greener to use other approaches like Proof of Stake or just get rid of crypto…

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Alberto Guerrero

Alberto Guerrero

Author of ´Bitcoin For Mere Mortals´ available @Amazon. Subscribe and drop me a line and I’ll send you a copy for free, no strings attached.