Market cap US$11. Shiba Inu is the rising star of the cryptocurrency market. The market’s value has increased from $14.2 billion in 2005 to $2.6 trillion in 2016 and is growing at an average annual rate of 185%. There is no other asset class that has generated returns as high as that of cryptocurrency. However, cryptocurrency owners are in a prime position if there is a crisis. Digital currency makes use of decentralized technology and allows users to make secure payments and store money without having to have the name of a person or be a member of a financial institution. Companies should be prepared to deal with this type of situation at any time.
At certain times of the year in the south of China, there are flooding events that could impact mining operations. However, they have attracted an intense media spotlight and have created a variety of opinions find who accepts cryptocurrency on whether cryptocurrency mining should be prohibited or if it’s required in the first place. While mainstream media continues to criticize the cryptocurrency industry, there are a lot of issues they aren’t considering and should be addressed to have a clear picture of the impact of cryptocurrency mining on the market. These controversies cover environmental impact (which has been extensively discussed) and an impact on the demographics. These are only a few of the many subjects that are being debated about cryptocurrency mining. We must also be aware that there are some issues with mining cryptocurrency.