The report highlights the crucial influence of electricity costs on the bear market witnessed in the past year, presenting a formidable hurdle for miners striving to remain operational.
Numerous initiatives are currently underway to enhance the environmental impact of bitcoin mining, ranging from technical advancements aimed at increasing efficiency to innovative market-based solutions.
According to Steven Lubka of Swan Bitcoin, the distributed network can aid in encouraging growth in the energy industry, paving the way for a more prosperous future.
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