Researchers warn that Bitcoin mining bans may have unintended consequences for the environment.
Bans on Bitcoin mining in countries with renewable energy sources could lead to increased carbon emissions as mining operations relocate to regions with higher carbon footprints.
Countries like Canada, Paraguay, El Salvador, and Norway may experience a significant rise in carbon emissions if they implement mining bans.
The researchers suggest a more nuanced approach to regulating Bitcoin mining, considering the energy sources used and incentivizing renewable energy use in high-carbon areas.