You might think “They’re just numbers on a screen. It can’t be that bad, right?”. Well, you’d be very wrong. The University of Cambridge released a report last year that state that Bitcoin mining alone is accounting for more energy usage than the entire country of Argentina. Another report by Digiconomist estimates that Bitcoin generates more than 97 million tons of carbon.
How would a ban even work? China held approximately 75% of crypto mining, but they recently put a ban on cryptocurrency mining and transactions. Other countries like Bangladesh, Algeria, Egypt, and Kosovo have all set regulations on cryptocurrency mining.Crypto does not have to be this way. Proof of Stake is an alternative method that does not emit nearly as much carbon into the atmosphere. The method is quite complicated to explain, but you can think of it like this.
How it’s possible to be end of crypto just because pow ban. PoS is way better and with ethereum adaption it will get even better.
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