If it's only 10% as stated then VERY short term it might matter, but in the long run probably not.
There are enough green renewable places to mine for people that want it. And enough other places that don't care where you can have mining farms.

And lets face it, no matter what you are never going to stop home mining and small operators. If you force the big players out of an area out it just means more and cheaper equipment for others.

-Dave

It is definitely anti-bitcoin, but I think that all bitcoiners got used to that by now. And no, I don't expect it to affect bitcoin price much in the long term.



Keep in mind that in that article they count all crypto mining and not just bitcoin so the actual percentage of bitcoin mining is even lower, meaning it would be even less of an impact.

From a particular angle i think it won't but 10% is not a small number that can effect the Network in my Openion still i think network is way more distributed. In the term of price fluctuation i think it won't be much aggressive as i think maximum of the captulation is done on JULy and then in September so i can feel that it won't effect any much.

Lets watch as i was expecting some good News but here it is one more bad news.. Bht nothing to worry 😉 as News is news haha atleast BTC is still being discussed which can be a +ve point.

Energy sector is one of the highest subsidied (after agriculture) and one of the highest lobbying sectors in the whole world. Which means that they could get away with whatever they want without a problem. Normally you would expect them to face this energy spending miners with open arms, because they are great customers right? But they have done nothing for them at all, absolutely nothing. Which shows that we are also a threat to energy sector, why? Well because miners could kickstart the "self energy sufficient people" movement, where if you are a miner, you could get solar panels and cover your expenses, people seeing that at work could do that at their home, and their friends who learn more about it could do that too and it could grow super big. This is why miners are a big risk to energy companies.

This is another operation against proof of work. Since ethereum moved to a centralized proof of stake method, greenpeace began their 1 million dollars campaign against bitcoin proof of work, and this news too is along that lines.
Load shedding is normal in the electricity sector, it is a method they have been using for many years to prevent damage, but i feel the government are now using it to their advantage in their operation against proof of work, because why should only miners be targeted if there is need to load shed, they want to send the wrong message that mining is using up too much energy and should be stopped, but surely bitcoin is never moving to a centralized method like proof of stake.
Is all of this not put up to make things harder for miners all because they do not like proof of work.

a lot or not, it will definitely affect the price of bitcoin, but in my opinion it won't have much effect, because even if there is a ban, surely the miners will continue to try to be able to mine, in any way.
because it was their job, so surely they would keep trying to be able to mine.

There are so complicated things in the Europe. The Russia - Ukraine war, the energy crisis, the financial crisis and more. In the coming winter season, it is important for governments and citizens there to fight (should be successful) against the energy crisis and energy war from the Russia.

The war and the exploitation of Russian government on gas, fuel as their most powerful and effective tool to create pressure on Western governments, together they make the societies in Western countries become worse and more chaotic.

With all of sudden arising pressure, I can understand when Western governments have to enforce more stricter regulations on energy usages as well Bitcoin or cryptocurrency mining. It is one of their temporary solutions to reduce impacts from the war and Russia to prevent worse energy shortages in the Winter.

The war won't last forever, the energy crisis and dependence on Russian energy resources won't last forever. Mining industry will see sun-lights at the end of tunnel, at the end of the war. I believe in 2023 Winter season, things won't be bad like this year.

The impact of the Russia-Ukraine war is hitting the economies of most European nations hard. Winter is close and most countries are not sure of their power source. But these nations are also facing economic challenges, hence they also need an increase in revenue through tax. I don't think this ban would be very effective because there are other ways to sort out these power challenges like load shedding and rationing. Most of these nations also depend heavily on the revenue they can get from the mining tax in their locality.

Sometimes I keep wondering why the target is always bitcoin when it comes to power issues, while other sectors like gaming and banking also consume more energy. But currently, most bitcoin mining firms have developed new technologies that have made their power source clean, green, and independent. It is also important to state that other nations outside the European Union would be very willing to welcome bitcoin miners. I am sure Africa would be a very good destination for them.  

Even if it affects the price of bitcoin, the impact would be short-lived and minimal.

I don't think that there will be any effect on the price of bitcoin just because another continent has said something against mining and bitcoin. Just like the typical statements from countries that have said something about banning bitcoin et. al., the price doesn't react so much anymore with that. I think this has something to do about centralization and that's what they want to implement so they want to ban PoW and wanted to be favorable with PoS.