What is the influence of copyright mining trends and energy consumption concerns on Dogecoin's valuation?

What is the influence of copyright mining trends and energy consumption concerns on Dogecoin's valuation?

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The influence of copyright mining trends and growing energy consumption concerns on Dogecoin's valuation, and thus the dogecoin price, is becoming increasingly relevant. While Dogecoin uses a proof-of-work algorithm similar to Bitcoin (though merged mining with Litecoin), the environmental impact of copyright mining has drawn scrutiny. If concerns about energy consumption lead to stricter regulations or negative public sentiment towards proof-of-work cryptocurrencies, it could deter new investors and potentially impact Dogecoin's appeal. Conversely, any moves towards more energy-efficient mining practices or a perception of Dogecoin as having a lower environmental footprint compared to others could be seen positively. However, compared to Bitcoin, Dogecoin's network is less energy-intensive, and its community has often highlighted its lower carbon impact per transaction. Nonetheless, the broader narrative around copyright's environmental footprint is a factor that investors increasingly consider.