Unchained Capital: the global economy needs mining to be stable

Unchained Capital: Mining is essential for the global economy to be stable

To create a new global financial system, Bitcoin mining is indispensable.

Unchained Capital, a company that provides credit loans in the equivalent of various digital assets, has expressed its opinion on an extremely important topic. Its representatives stated that the issue of excessive electricity consumption by many miners has become acute. In fact, an incredible amount of electricity is currently consumed annually to operate the bitcoin network. The company’s analysts concluded that such a factor as the long-term need of society for cryptocurrency mining can outweigh all the “negative effects” as a negative impact on the world. In addition, this also includes the importance of electricity consumption during Bitcoin mining.

For those who do not know, BTC mining is closely intertwined with the global modernization of the entire financial system. This approach leads to the emergence of financial services of the highest quality intended for absolutely all people. That is why these costs are fully justified. The current system of organizing financial transfers around the world has its limitations. Among them, there are errors that occur and dependence on the human factor. This also includes possible deliberate dishonest behavior.

The findings can be compared with examples of countries where the crisis exists and is developing. For example, analyst S. Emmaus spoke about Venezuela, where digital currencies and mining are developing well. Thanks to the use of the Petro digital asset and mining in general, the Bolivarian Republic has managed to restart its economic development. Moreover, most of the Venezuelan society has made cryptocurrency mining the main way of earning money.