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coinpedia 2022-10-21 04:35:44

Bitcoin Mining Might Shut Down Globally If Bitcoin Price Drops Below This Level – Says F. Holmes, CEO at Global Investors

The post Bitcoin Mining Might Shut Down Globally If Bitcoin Price Drops Below This Level – Says F. Holmes, CEO at Global Investors appeared first on Coinpedia Fintech NewsDespite significant advancements in energy efficiency and sustainability, Bitcoin’s energy consumption has increased by 41% year over year (YoY). However, there are worries the increase may prompt regulators to crack down on crypto mining. As a reward for validating transactions and protecting the network, crypto mining is one of the primary ways that people can …

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