Sweden’s Central Bank Wants to Ban Bitcoin’s Proof of Work

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tldr; Sweden’s central bank has suggested that Bitcoin mining should be banned in favor of “less energy-intensive methods.” The Riksbank says Bitcoin mining has contributed to annual electricity consumption equivalent to that of 200,000 homes in Sweden alone. The central bank agrees with the Swedish Financial Supervisory Authority and Environmental Protection Agency.

*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*



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