Erik Thedéen, vice president of the European Securities and Markets Authority, told European regulators that they should consider banning Bitcoin mining.
Financial TimesEU regulator speaking to Erik ThedeenFor Sweden, the homeland of Bitcoin mining “a national problem” and that cryptocurrencies can also be used for Paris agreement climate change targets. that you risk told.
to European regulators Proof of Work (PoW) consider banning the mining method and encourage miners to use less energy Proof of Stake (PoS) Thedéen, who said that they should lead the model;
The solution is to ban the Proof of Work model. Proof of Stake consumes significantly less energy.
said.
Thedéen also promoted the mining industry. It is necessary to make an interview in order to lead to a more efficient technology. and not advocating a complete ban across crypto told.
Increasing response to the effects of mining on the climate and bans in china Miners who turn to renewable energy use due to Sweden and Norway use of renewable energy such as is high Thedéen about showing interest in countries;
It would be ironic if the wind energy produced on Sweden’s long coastline would be used to mine Bitcoin.
made statements.