Researchers argue that “not all Bitcoin mining is equal” across countries, suggesting that bans in certain nations may cause more harm than good on a global scale.
Governments in more eco-friendly nations contemplating a ban on Bitcoin mining may be inflicting more significant harm on the global economy, according to researchers.
“Well-intentioned policies may lead to unintended consequences, notably the redirection of mining activities to regions with higher carbon intensities,” Exponential Science researchers opined in a recent report viewed by Cointelegraph.
The researchers further explained that Bitcoin (BTC) mining bans in “low-emission countries can result in a net increase in global carbon emissions, a form of aggravated carbon leakage.”
