News Explorer — Will the Halving Make Bitcoin’s Environmental Impact Better—or Worse?

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Apr 19, 3:21 pm

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Will the Halving Make Bitcoin’s Environmental Impact Better—or Worse?

The Bitcoin halving, which reduces mining rewards by 50%, will impact the environment by squeezing out independent miners and favoring large firms with efficient machines and renewable energy sources. This may temporarily decrease energy consumption, but as Bitcoin becomes more mainstream, the increase in transactions will outweigh any energy efficiency gains from the halving.

The Bitcoin halving, which reduces mining rewards by 50%, will impact the environment by squeezing out independent miners and favoring large firms with efficient machines and renewable energy sources. This may temporarily decrease energy consumption, but as Bitcoin becomes more mainstream, the increase in transactions will outweigh any energy efficiency gains from the halving.

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