Calls for banning Bitcoin mining are growing louder in Europe
. He proposed giving an upper hand to proof-of-stake , an alternative consensus algorithm that is deemed to be more energy efficient:Thedeen views Bitcoin mining as a hindrance to meeting Paris Agreement climate targets.
According to a survey recently published by the Bitcoin Mining Council , the share of renewable energy used for Bitcoin mining increased to 58.5% of the fourth quarter. Bitcoin is now a national issue for Sweden because of the amount of renewable energy devoted to mining.Bitcoin's power consumption is also becoming an increasingly contentious issue in the U.S., which recently emerged as the world's top mining hub following China's U-turn.
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