Since the main way to generate electricity in China is hydrocarbon burning thermoelectric, this also has a direct impact on the environment and global warming.
Yes! This is exactly what I hope greener companies can address and move Bitcoin mining into a sustainable form of asset. High operational costs in electricity consumption can result in these companies to shut down and destabilize Bitcoin operations.
It is time companies be responsible for their global carbon footprints.
RE: PayPal Co-founder Fights For Bitcoin Hashrate