Regulation of Bitcoin Mining & the Loss of Decentralization
Bitcoin mining operates on a decentralized network, and governments generally cannot directly censor or block specific mining activities within the Bitcoin network itself.
Bitcoin mining operates on a decentralized network, and governments generally cannot directly censor or block specific mining activities within the Bitcoin network itself.
Outside of the potential for profit by Bitcoin miners, mining plays an integral role in the Bitcoin ecosystem.
Block censorship, also known as blockchain censorship or blockchain-resistant censorship, refers to the ability of certain technologies, particularly blockchain-based systems, to resist or prevent censorship attempts.
Crypto mining regulation varies from country to country, and in some cases, from state to state or province to province. The primary concern for regulators when it comes to crypto mining is usually energy consumption and environmental impact.