{"id":26987,"date":"2021-10-26T19:10:16","date_gmt":"2021-10-26T17:10:16","guid":{"rendered":"https:\/\/thecryptowolf.net\/2021\/10\/26\/how-will-bitcoin-work-when-environmental-impacts-are-mitigated-bankless-times\/"},"modified":"2021-10-26T19:10:16","modified_gmt":"2021-10-26T17:10:16","slug":"how-will-bitcoin-work-when-environmental-impacts-are-mitigated-bankless-times","status":"publish","type":"post","link":"https:\/\/thecryptowolf.net\/2021\/10\/26\/how-will-bitcoin-work-when-environmental-impacts-are-mitigated-bankless-times\/","title":{"rendered":"How will Bitcoin work when environmental impacts are mitigated? | Bankless Times"},"content":{"rendered":"<div style=\"text-align:center\"><img decoding=\"async\" src=\"https:\/\/www.banklesstimes.com\/wp-content\/uploads\/2021\/10\/Bitcoin-environmental-impacts.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"How will Bitcoin work when environmental impacts are mitigated? | Bankless Times\" title=\"How will Bitcoin work when environmental impacts are mitigated? | Bankless Times\" \/><\/div><p> [ad_1]<br \/>\n<\/p>\n<div>\n<p>Over the years, crypto mining has negatively impacted the ecosystem, so much so that Bitcoin raised concerns but no action\u2019s taking place \u2014 at least to stop the damaging activity. Crypto mining birthed the <a href=\"https:\/\/lightning.network\/\" target=\"_blank\" rel=\"noopener\">Lightning Network<\/a> and other crypto innovations.<\/p>\n<p>Think about it: Bitcoin wants the environmental impact of crypto mining managed and mitigated. How will the crypto coin survive the game? How will it work?<\/p>\n<p>Paolo Natali, Rocky Mountain Institute Climate Intelligence Program\u2019s principal, said the popular digital coin is nursing a \u201ccarbon-intensity problem\u201d. This sentiment is shared by many as we continue to learn about the harmful impact of the crypto mining process.<\/p>\n<h2><strong>Elon Musk criticizes cryptocurrency mining<\/strong><\/h2>\n<p>Many today care more about the environment and are ready to support eco-friendly projects. Elon Musk is one of them. That\u2019s why he recently criticized crypto mining via his <a href=\"https:\/\/twitter.com\/elonmusk\/status\/1392602041025843203?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1392602041025843203%7Ctwgr%5E%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fdecrypt.co%2F74816%2Felon-musk-taught-investors-about-bitcoins-carbon-footprint-survey\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> page. This, of course, poses a threat to Bitcoin and other crypto coins.<\/p>\n<p>Elon, in his tweet, hails <a href=\"https:\/\/www.banklesstimes.com\/cryptocurrency\/buy\/\" target=\"_blank\" rel=\"noopener\">cryptocurrency<\/a> as an attractive idea but also condemns Bitcoin mining for causing significant harm to the environment.<\/p>\n<p>Elon\u2019s sentiments not only hold much weight in the crypto industry, but also directly impacts crypto coins (look at Dogecoin). Admit it: Elon Musk has the power to massively influence millennials on what to invest in and when.<\/p>\n<p><!-- prettier-ignore --><\/p>\n<div class=\"i-component i-component--lg i-fscb-table i-block i-border i-border-solid i-border-grey-100 i-leading-none i-mb-4 i-overflow-hidden\" data-int-component=\"table\" data-int-config=\"{&quot;variant&quot;:&quot;crypto-brokers&quot;,&quot;limit&quot;:&quot;1&quot;,&quot;orderBy&quot;:null,&quot;orderDir&quot;:null,&quot;filters&quot;:[]}\" data-int-table-total-positions=\"1\">\n<div class=\"i-fscb-table__row i-flex i-flex-wrap i-items-center i-py-2 i--mx-2\">\n<p>\t\t\t<!-- Rank --><\/p>\n<p>1<\/p>\n<p>\t\t\t<!-- Logo --><\/p>\n<div class=\"i-fscb-table__logo i-flex i-justify-center i-w-full i-px-2 i-mb-3\">\n\t\t\t\t<a href=\"https:\/\/www.banklesstimes.com\/visit\/etoro?lt=crypto-brokers\" target=\"_blank\" data-int-table-position=\"1\" class=\"i-block i-h-logo i-w-logo\" rel=\"nofollow noopener\"><br \/>\n\t\t\t\t\t<img decoding=\"async\" src=\"data:image\/png;base64,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alt=\"eToro\" class=\"i-block i-w-full i-h-full i-object-cover\"\/><\/a>\n\t\t\t<\/div>\n<div class=\"i-fscb-table__depositAndRating i-flex i-w-full i-justify-center i-px-2 i-mb-3\">\n\t\t\t\t<!-- Min Deposit --><\/p>\n<div class=\"i-px-2 i-text-center i-w-1\/2\">\n<p>Minimum Deposit<\/p>\n<p>\n\t\t\t\t\t\t<span data-int-currency-symbol=\"\">$<\/span>50\n\t\t\t\t\t<\/p>\n<p>Exclusive Promotion<\/p>\n<\/p><\/div>\n<p>\t\t\t\t<!-- Rating --><\/p><\/div>\n<p>\t\t\t<!-- Key Features --><\/p>\n<div class=\"i-fscb-table__keyFeatures i-text-sm i-w-key-features i-px-4 i-mb-1 i-ml-4\">\n<div class=\"i-flex i-items-start i-w-full i-leading-tight i-mb-2\">\n<p>More than 3,000 assets, including currencies, stocks, cryptocurrencies, ETFs, indices and commodities<\/p>\n<\/p><\/div>\n<div class=\"i-flex i-items-start i-w-full i-leading-tight i-mb-2\">\n<p>Buy crypto, or trade cryptocurrencies via CFDs<\/p>\n<\/p><\/div>\n<div class=\"i-flex i-items-start i-w-full i-leading-tight i-mb-2\">\n<p>CopyPortfolios: Innovative, fully managed investment strategies<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<p>\t\t\t<!-- CTA --><\/p><\/div>\n<p>\n\t\t\t\teToro USA LLC; Investments are subject to market risk, including the possible loss of principal\n\t\t\t<\/p>\n<\/p><\/div>\n<h2><strong>New York to halt Bitcoin mining<\/strong><\/h2>\n<p>Perhaps predicting things may heat up (or hit the fan), most bitcoin mining companies are now shifting to energy-friendly practices \u2014 and for a good reason. Recently, New York said they want to <a href=\"https:\/\/www.independent.co.uk\/news\/world\/americas\/bitcoin-new-york-trading-environment-b1842631.html\" target=\"_blank\" rel=\"noopener\">impose a ban on the use of fossil fuel when mining Bitcoin<\/a>.<\/p>\n<p>As Bitcoin prices continue to soar, more Bitcoin mining is taking place and consuming far more energy than we can imagine.<\/p>\n<p>Environmentalists are now raising concerns of an impending global warming crisis, thanks to the high use of electricity when mining Bitcoin. <a href=\"https:\/\/www.banklesstimes.com\/cryptocurrency\/cardano\/buy\/\" target=\"_blank\" rel=\"noopener\">Cardano<\/a> is teaming up with independent companies to address the environmental impact of crypto mining.<\/p>\n<p>Even as more bitcoin miners try to make giant leaps in effectively mitigating crypto mining damages to the ecosystem, they should know these efforts take time and development as the landscape grows.<\/p>\n<p>China recently clamped down on the use of Bitcoin and its mining activities. Bitcoin miners are hoping other countries won\u2019t take similar steps as time goes by.<\/p>\n<p>Meanwhile, some states in the U.S. are looking to take advantage of the economic potential of bitcoin mining. Georgia, for example, has enough natural gas and nuclear energy to foster mining. Kentucky recently offered tax breaks to attract bitcoin miners. Texas, on the other hand, offers cheap electricity and boasts crypto-friendly laws.<\/p>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>[ad_2]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Over the years, crypto mining has negatively impacted the ecosystem, so much so that Bitcoin raised concerns<\/p>\n","protected":false},"author":1,"featured_media":26988,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37],"tags":[2567,61,1886,2151,21211,867,1981],"class_list":["post-26987","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mining","tag-bankless","tag-bitcoin","tag-environmental","tag-impacts","tag-mitigated","tag-times","tag-work"],"featured_image_urls":{"full":["https:\/\/www.banklesstimes.com\/wp-content\/uploads\/2021\/10\/Bitcoin-environmental-impacts.jpg",0,0,false],"thumbnail":["https:\/\/www.banklesstimes.com\/wp-content\/uploads\/2021\/10\/Bitcoin-environmental-impacts.jpg",null,null,false],"medium":["https:\/\/www.banklesstimes.com\/wp-content\/uploads\/2021\/10\/Bitcoin-environmental-impacts.jpg",null,null,false],"medium_large":["https:\/\/www.banklesstimes.com\/wp-content\/uploads\/2021\/10\/Bitcoin-environmental-impacts.jpg",null,null,false],"large":["https:\/\/www.banklesstimes.com\/wp-content\/uploads\/2021\/10\/Bitcoin-environmental-impacts.jpg",null,null,false],"1536x1536":["https:\/\/www.banklesstimes.com\/wp-content\/uploads\/2021\/10\/Bitcoin-environmental-impacts.jpg",null,null,false],"2048x2048":["https:\/\/www.banklesstimes.com\/wp-content\/uploads\/2021\/10\/Bitcoin-environmental-impacts.jpg",null,null,false],"morenews-featured":["https:\/\/www.banklesstimes.com\/wp-content\/uploads\/2021\/10\/Bitcoin-environmental-impacts.jpg",null,null,false],"morenews-large":["https:\/\/www.banklesstimes.com\/wp-content\/uploads\/2021\/10\/Bitcoin-environmental-impacts.jpg",null,null,false],"morenews-medium":["https:\/\/www.banklesstimes.com\/wp-content\/uploads\/2021\/10\/Bitcoin-environmental-impacts.jpg",null,null,false]},"author_info":{"info":["wolf2021"]},"category_info":"<a href=\"https:\/\/thecryptowolf.net\/category\/mining\/\" rel=\"category tag\">Mining<\/a>","tag_info":"Mining","comment_count":"0","_links":{"self":[{"href":"https:\/\/thecryptowolf.net\/wp-json\/wp\/v2\/posts\/26987","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thecryptowolf.net\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thecryptowolf.net\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thecryptowolf.net\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thecryptowolf.net\/wp-json\/wp\/v2\/comments?post=26987"}],"version-history":[{"count":0,"href":"https:\/\/thecryptowolf.net\/wp-json\/wp\/v2\/posts\/26987\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thecryptowolf.net\/wp-json\/wp\/v2\/media\/26988"}],"wp:attachment":[{"href":"https:\/\/thecryptowolf.net\/wp-json\/wp\/v2\/media?parent=26987"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thecryptowolf.net\/wp-json\/wp\/v2\/categories?post=26987"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thecryptowolf.net\/wp-json\/wp\/v2\/tags?post=26987"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}