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 “Mining the environment – is climate risk priced into crypto-assets?,” determined that Proof-of-Work (PoW) mining cannot co-exist with “the green transition” and even hinted at an EU-wide ban by 2025.
To read the rest of this article, sign in or join CryptoSlate Edge.
Get an Edge on the Crypto Asset Market
As the crypto market is constantly changing, CryptoSlate Edge is a yearly membership oriented to helping you become a more knowledgeable investor and better decision-maker.
Here’s what’s included in your membership:
Get an analytical edge by accessing members-only articles with insights from our researchers.
Private Discord Community
See new articles first and be able to ask our journalists questions in our private Discord.
View All Projects and Sectors
Discover projects and crypto sectors with our curated data for over 50 verticals.
Improved Data & Analytics
See the real=time price charts, social sentiment and on-chain data in market analysis articles.
Exclusive Video Interviews
Get access to the exclusive recordings of our interviews with founders we use for our articles.
We hide all advertisements from Edge members for a clean experience.