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in Economics by ASKY Obsessed (14.1k points) 7 50 97

Sweden wants to ban bitcoin mining in Europe?

 

The extraction of cryptocurrency is a s sociated with powerful hardware and high power consumption. This can create potential problems for "miners". Consumers are complaining about the crisis in the video card market, and environmental activists are calling for bans because of the climate damage.

The Swedes claim that their country uses as much electricity to "dig" crypto as the consumption of 200,000 households. This hinders the achievement of the set goals for reducing the carbon footprint.

Trade and use of crypto in Sweden must be hindered or outlawed. There was a similar development in China. Beijing was considered by many to be a "crypto paradise" a few years ago, but gradually the restrictions became harsher until a complete ban on crypto.

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