The promise of free access, freedom from government authorities, very little to no regulation, and the ability to conduct transactions anytime and anywhere does come with a price.
Experts are predicting that Bitcoin mining might also adversely impact the cryptocurrency market in 2022 since more and more investors are opting for sustainable options for investment.
Although mining of several cryptocurrencies has advanced from their initial stage of harmful cryptocurrency mining, there are still several major cryptocurrencies that use environmentally harmful algorithms using massive amounts of energy and leave major carbon footprints.
Experts believe that the falling state of Bitcoin and the rest of the crypto market is partly due to the adverse impacts of Bitcoin and crypto mining.