Is a Save Crypto Mining campaign coming soon? The industry is fighting governmental bans and environmental concerns, many are scared that both those fights are battles the crypto mining industry can't win.
to recent stats. The effort to keep crypto mining chugging along is making for some very strange geopolitical bedfellows.
its cryptocurrency mining effort in the medium to long term. Taken together, these developments severely limit mined cryptocurrency’s future prospects.It certainly does not help the case for Bitcoin miners that a majority of the world’s states and virtually all-powerful industrial nations haveinto the Paris Climate Agreement. This comes with a firm commitment to limit carbon emissions and to keep the planet from further overheating. Mining Bitcoin is antithetical to this promise.
A cryptocurrency that’s been pushed to the political and geographical fringe can hardly claim to be truly decentralized and democratic. Even if we put the climate problem aside, how are we to take cryptocurrency mined in tyranny as a token and tool of economic liberation? From the point of view of finance, climate and appearances, the sun is setting on Bitcoin and other mined cryptocurrencies. It’s only a matter of time.
However, without legal on- and off-ramps for free exchange and mass adoption, the respective cryptocurrencies will recede to the shadows and sidelines with their valuations permanently devastated. Eventually, the market for mined projects and law enforcement will make mining obsolete.
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