U.S. traders are buying 'digital residency' in Palau to skirt restrictions on the amount of cryptocurrency they can withdraw and the exchanges they can use. Major exchanges have already banned the ID, fearing abuse.
  • UlrichEnglish
    -1•16 days ago

    I’m not a crypto expert but once crypto is mined, it’s mined. And I don’t think hardly anyone is mining it anymore. And not all crypto requires so much energy in the first place.

    • @itslilith@lemmy.blahaj.zoneEnglish
      2•16 days ago

      That’s not correct. “Mining” is a reward structure for people processing transactions. Every transaction costs a lot of energy