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    Home » Cryptocurrency Mining and the Environment: The Difficult Equation for Cities
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    Cryptocurrency Mining and the Environment: The Difficult Equation for Cities

    AdminBy AdminJanuary 11, 2022No Comments3 Mins Read
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    Based on predictions from cryptocurrency experts, this year there will be a lot of talk about the effect of trading activity. mining on the environment. It appears that these predictions are not wrong. In fact, in towns, the authorities and the inhabitants have already vowed to refrain from making mining of digital assets because of the risks this poses to the climate.

    Cities are divided over the mining

    In some parts of the world, winter has already started. It is a source of concern for people who work out. mining. Take the case of Iran for example. In this country where there are hundreds, even thousands of specialists in the field, the government has decided to ban the mining. Why ? It is in order to preserve the energy networks.

    In another part of the world, in Kazakhstan, the authorities do not wait for the worst before reacting. They have already disconnected the people who do mining of their networks. The story is not the same in all countries, however. In a town in Georgia, the mining is recommended.

    Indeed, during the month of September, reports revealed that in this city, the authorities have installed some 560,000 mining of BTC. It must be said that Georgia is one of the first regions in the world to want to introduce this activity to the heart of its landscape. According to data from the University of Cambridge, the country is responsible for about 0.2% of hasrate Global Bitcoin (BTC).

    Who should we accuse?

    While in some cities around the world, the authorities are rising up against the mining, in others, it is the citizens themselves who want the centers of mining disappear. This is the case in the mountainous province of Svaneti. According to the media Vzglad, the inhabitants of the locality of Mestia organized a series of demonstrations ” all week long ”In order to ask that the centers of mining are removed from the area. Moreover, the demonstrators have accused the government of supporting these centers.

    According to some voices, it is not the industrial players that should be singled out, but rather the specialists in the mining locally. They use a small number of devices in their homes. However, these tools are either defective or insufficient to meet all the needs. This would explain the failures of local networks. In this regard, a recent publication from the media Rustavi2 deserves attention.

    Rustavi2 revealed that police discovered a group of people committing mining of cryptocurrencies illegal in a downtown hotel. They used “enough electricity to supply 12 to 14 small villagesTo operate their equipment, informs the media.

    theminingcryptocurrency is not an accepted activity in many countries. In some regions, it is a source of discrepancy, because it causes damage to the environment.

    Source: FX Empire

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    Behind the generic signature “TCT editorial staff” are young journalists and authors with specific profiles who wish to remain anonymous because they are involved in the ecosystem with certain obligations.

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