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Swedish central bankers snipe Bitcoin mining, cite rampant energy use -Breaking


The central banks of Sweden snub Bitcoin mining and cite excessive energy consumption.

Another environmental attack continues on proof-of work (PoW) mining. An overview Part of the sharedBy the Swedish central bank arguedThese are energy-intensiveBTCIt is important to ban cryptocurrency mining and a)

Riksbank is the oldest global central bank. In a damning report entitled, “Cryptocurrencies and their impact on financial stability,” the bank had a crack at PoW cryptocurrency mining. PoW mining utilizes data centers with high energy consumption that work to find solutions for security blockchains. This was stated in the report