Mining resources from our planet can take a devastating toll on the environment, both local and global. Even beyond this, using the resource could causeeffects to our planet and dependence on a single resource can wreak havoc on a country's economy. Yet, many of these resources are needed for our daily life -- sometimes as a luxury, sometimes as a necessity. Any responsible country or company should always take pause to consider what impact mining of any kind can have on the planet.
It turns out that these days, one type of mining might be the worst for Earth's environment: bitcoins. Yes, the "mining" of virtual currency makes its mark on the our planet. The unequal distribution of Bitcoin mining across the globe means that some countries are making a much large dent into the planet's climate and environment than others ...
Bitcoin mining using a lot of computing power to solve the crypographic puzzles that lie at the heartover $34,000 and with the multitude of other cryptocoins out there, using computers to unlock more can be a profitable endeavor. Almost half a trillion dollars of the global economy runs on these "virtual currencies".mining consumed more electrical power than the country of Pakistan ..
It is up to the world's governments to decide if regulating Bitcoins like it regulates all traditional mining is needed. You can't just go and open your own mine in many countries without permission and an assessment of the impact that mine will have. It might be high time for the same guard rails be installed in the realm of Bitcoins.
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