Environmental sustainability has been a core issue these days because of the high energy consumption and carbon footprint due to mining activities. There is a need for proper regulation within the blockchain space.
no there is not
bitcoin takes care of itself
did you know bitcoin only has 2.5m miners
did you know that 1 miner that uses 7-35 PC's(pc can be 100w-500w) worth of energy has the efficiency rating of hashing
200,000,000 pc's worth of CPU hashrate
if we were to go back to CPU mining days where it was cheap enough for everyone to be part of a pool and take a cut of rewards, people would be using far more then 70million PC's of electric, which would be same electric use as bitcoin asics. but the security of the network would be that of
UNDER 1 asic's hashrateas for carbon and all that crap.. its not the end user fault for what the power plants use as fuel.. take the argument to the energy providers. dont blame the energy receivers.
if its not used.. then that is a true waste. blame the energy providers production, not the end user
if you really want to point at a end user that can cause issues to national grids.. -> EV cars
they demand 74kw in 20 minutes to recharge. and no grid can predict when and where to next surge of demand will be compared to a sustainable predictable rate of just 3.5kw/hour constants per asic
and as i said there are only 2.5m asics world wide. yet EV cars are more then 2.5m cars... so ev cars are more of a headache to energy sustainability and grid surge
1 asic has ~13kg of material weight
1ev car has 1500kg of material weight
meaning the entire world asics materials of 2.5million asics is equivalent to just 22k ev cars.. not even one small towns worth of cars materials