Mining any cryptocurrency has become a common and daily occurrence for many “miners” in almost every country in the world. This phenomenon, which has acquired the character of an uncontrolled fever, not yet recognized and introduced into large-scale commercial and financial circulation, has begun to threaten not only financial markets, but the very existence of the planet. Such conclusions follow from an analysis conducted by the Zerohedge research center, published by the OilPrice resource.
As experts have found, bitcoin miners are likely to use more sustainable power sources than previous studies suggest. New data shows that more than half of all cryptocurrency mining, and bitcoin in particular, is done through conservative and traditional energy solutions.
The fact is that the equipment and infrastructure of this fishery are designed for enormous electricity consumption and the stability of its supply. In other words, renewable sources that are weak, unstable, dependent on weather, sun and wind are not suited to the needs of miners. States seeking to compensate for the strong growth in consumption and the stability of supplies are forced to increase their production to the detriment of coal or fuel oil.
Thus, the growing environment of miners, like the cryptocurrency market itself, began to consume too much energy on top of the already existing needs of humanity, while relying only on forms of non-environmental generation, such as gas or coal, as well as nuclear electricity.
Simply put, the cause of the global energy crisis lies in particular in the peculiarities of cryptocurrency mining and its needs, which have aggravated humanity’s environmental and energy problems and increased greenhouse gas emissions. tight. This is the main destabilizing effect of mining on the markets for fuels and raw materials.
On top of that, the industry is growing at an extraordinary rate: in some countries with unstable economic conditions, mining often becomes an obsession for business or revenue, leading to power outages, blackouts of electricity, problems at the state level. The mining problem spirals out of control and destructive, as local disasters begin to threaten the world as a whole.
