NEWS š„š„
PARAGUAY BANS CRYPTO MINNING
Most crypto currencies depend on minning to confirm transactions and introduce new coins into circulation. BTC depends solely on minning for the creation of new Bitcoins. With Bitcoin halving around the corner, though not directly, it can affect energy imput indirectly. Other projects like LTC, BCH, and XMR also depend on minning.
Because crypto currency minning requires a lot of energy, there are environmental concerns. Concentrated in areas where electricity is not expensive, minning crypto currency, the sustainability depends heavily on innovation, energy efficient technologies, and the integration of renewable energy to reduce environmental impact.
With Paraguay's faces power struggle, law markers in the country have banned crypto minning due to illegal farms devastating effect on the nations electricity supply.
The ban prohibits the installation of crypto mining farms, storage, and the commercialization of crypto currencies for 180 days.
