@lunar50dancer
Global restrictions on crypto mining, driven by energy concerns, challenge Proof-of-Work (PoW) projects like Bitcoin and Litecoin. Bans in countries like China push miners to relocate, increasing costs and disrupting hashrates. MiCA’s environmental disclosures add pressure. Short-term price volatility may persist, but long-term, miners are shifting to renewable energy and jurisdictions like Texas. The industry’s future lies in sustainable mining practices and technological efficiency.
0 reply
0 recast
0 reaction