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Sweden wants Europe to ban Bitcoin mining

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Cryptocurrency mining is a very common practice in the tech segment. However, we know that this is an action that has a certain impact on the environment as it consumes a lot of energy and resources.

So now Sweden wants Europe to ban Bitcoin mining in order to reach the 1.5 ° C climate target set in Paris.


Sweden wants Europe to ban Bitcoin mining

Swedish authorities are asking the European Union to ban mining of cryptocurrencies, namely bitcoins, due to their "energy intensive".

Erik Tedeen, director of Sweden's Financial Conduct Authority, and Bjorn Reisinger, director of the Swedish Environmental Protection Agency, the growing use of energy for bitcoin mining threatens Sweden in its quest to fulfill its obligations under the Paris Climate Agreement. ...

Tedin and Reisinger highlighted that energy consumption from Bitcoin mining in the Scandinavian country has increased by “several hundred percent,” with the current energy consumption equivalent to 200,000 households. Thus, the reduction or complete cessation of mining operations will mean significant energy savings that will help the country to more easily achieve its goals.

In an open letter, the heads of Sweden's major financial and environmental regulators called on the entire EU to ban cryptocurrency mining. One of the main problems that caused this interference is the “proof of work” system used by the user to confirm work performed, used in many of the most popular cryptocurrencies in the world, such as Bitcoin and Ethereum.

The mining of digital coins in the Nordic countries has increased in recent months. However, Tedin and Reisinger point out that as renewable energy is diverted from industrial, transportation, and domestic uses, it in turn is channeled towards mining bitcoin and other cryptocurrencies.

According to the directors:

It is currently possible to travel 1.8 million kilometers in a midsize electric vehicle with the same energy required to mine a single bitcoin.

This is equivalent to 44 circles around the globe. And 900 bitcoins are mined every day. This is an unwise use of our renewable energy.

Do you agree with the proposal to stop mining bitcoin in Europe?

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On the 88th day of the war, a sea of ​​flags covers death in Kharkov

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Joe Biden prepares for North Korean nuclear test

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US President Joe Biden said in Seoul today that he is ready for a possible nuclear test by North Korea, but reaffirmed his openness to dialogue in a message to Kim Jong-un before leaving for Japan.

“We are ready for anything North Korea can do,” he assured, saying he was not worried about a possible nuclear test.

When asked by a journalist if he had a message for his North Korean counterpart Kim Jong-un, the US president replied succinctly: “Good morning. Period,” in a way to signal that Washington remains open to dialogue. with North Korea, even in the absence of reciprocity.

Negotiations with Pyongyang stalled after a 2019 summit between Kim and then US President Donald Trump.

Biden left South Korea early this morning for Japan, another great ally of the United States in the region and the second leg of his first tour of Asia as president.

In Seoul, he met his South Korean colleague Yoon Suk-yeol, a pro-American conservative who came to power in early May.

The heads of the two states agreed to intensify joint military exercises to counter the actions of Kim Jong-un.

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Russia will study the possibility of exchanging prisoners from the Azov battalion – Obozrevatel

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Russia will explore the possibility of exchanging fighters from the Ukrainian Azov Battalion captured by pro-Russian Ukrainian MP and millionaire Viktor Medvedchuk, Russian negotiator and parliamentarian Leonid Slutsky said Saturday.

“Let’s study the issue,” Slutsky said.a member of the Russian delegation at the latest talks with Kyiv, who was quoted by the Russian news agency RIA Novosti when asked about such a prisoner exchange.

Slutsky, who spoke at a press conference in separatist Donetsk in southeastern Ukraine, said the possibility of a swap would be mentioned in Moscow by “those with prerogatives.”

Viktor Medvedchuk, 67, who is close to Russian President Vladimir Putin, was arrested again in mid-April in Ukraine after fleeing the start of the Russian military offensive on February 24.

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Medvedchuk has been under house arrest since May 2021. after being accused of “high treason” and “attempted plunder of natural resources in Crimea”, in the Ukrainian peninsula, annexed by Russia in 2014.

On Friday, the Russian army announced the surrender of the last Ukrainian defenders of the strategic city of Mariupol, who had entrenched themselves at the Azovstal metallurgical complex for several weeks. Among them are members of the Azov Battalion, an ultra-nationalist unit that the Kremlin considers neo-Nazi and that Kyiv hopes to release in exchange for Russian prisoners.

Next Thursday, the Supreme Court of the Russian Federation is to consider the petition for classification Azov battalion as a “terrorist organization”, which could make it difficult to exchange prisoners.

Azov. Neo-Nazis or Russian propaganda? History and ideology of the battalion that survived in Mariupol

This was stated on Saturday at the same press conference by the leader of the Donetsk separatists Denis Puchilin. The Ukrainian soldiers who defended the Azovstal plant and surrendered must be judged.

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