Significant growth of the network of Bitcoin use has been seen even after the ban of crypto & Bitcoin by China. With the increasing use and support, environmental issues also surged.
In mid of last year, China planned a system plan to ban the crypto Industry totally to remove the use of crypto in any way of medium or use cases from the country. However the ban of Bitcoin and crypto was to kick out the competition for Chinese CBDC (e-CNY) but Chinese government agencies claimed that the main reason to ban crypto was illegal activities and huge pollution because of Bitcoin & Ethereum mining operations in the country.
Recently a research has been published on the pollution caused by the Bitcoin network. The study noted that Bitcoin is only resulting in a problem because of its increasing carbon footprint level.
The study noted that the China ban didn’t contribute to bitcoin from any point of view because the significant surge in pollution taking place. After the ban of Bitcoin by China, the Bitcoin network is responsible for around 17% more pollution.
Bitcoin getting more support after China ban
This report directly asserted that Bitcoin is now getting better support from the world through computational power after the China ban.
When China imposed ban on crypto mining companies and other crypto-related companies, then at that time the majority of the countries took advantage. In particular, Kazakhstan welcomed crypto mining companies to start their operations in Kazakhstan under friendly conditions.
At present Time, Kazakhstan is facing a huge shortage of electricity. To overcome such issues, Kazakhstan energy ministers are planning to introduce nuclear power plants to solve the needs and problems of electricity for every industry in Kazakhstan.
Here these things are only showing the negative parts because of the Bitcoin network but they are not showing mirror to the world that the majority of the big Bitcoin mining firms are shifting their operations to renewable and eco-friendly sources of energy.
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