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The European Commission has confirmed that it is paying attention to concerns about rising electricity consumption for cryptocurrency mining in the European Union, according to European Commissioner Mariya Gabriel, who oversees digital economy and society.
According to a notice on the European Parliament website, Gabriel addressed the issue in response to a question posed to the parliament.
In the past few days, I've read an article about the banning of bitcoin mining in EU. But as of now, the European Commission already discussed that there is no legal basis in banning or limiting of bitcoin mining in the Europe.According to a notice on the European Parliament website, Gabriel addressed the issue in response to a question posed to the parliament.
I guess it is good to have also a limit in mining because it may cause a bad effect in our natural resources. But it is better if the EU will use an alternative way of using current such as solar or wind energy to provide a limitless mining and lessen the possibility of loss in the geothermal energy.
Reference:https://www.ccn.com/european-commission-watching-energy-consumption-for-crypto-mining/