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


Swedish central bankers criticize Bitcoin mining. They cite the excessive use of energy.

Another environmental attack continues on proof-of work (PoW) mining. Report ShareThe Swedish central banking 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 uses energy-intensive data centers to solve problems in order to create secure blockchains. This was stated in the report