The European Central Bank (ECB) published a report on July 14 that covered many points related to Bitcoin and Ethereum mining, including energy consumption and proof-of-stake (PoS) as an alternative mechanism.

The report, titled “Environmental Mining: Is Climate Risk Putting a Price on Crypto Assets?”, determined that proof-of-work (PoW) mining cannot co-exist with “the green transition” and even hinted at a nationwide ban. the European Union. by 2025.

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