Democratic lawmakers ask federal companies to crack down on crypto mining

Staff set up a brand new row of Bitcoin mining machines on the Whinstone US Bitcoin mining facility in Rockdale, Texas, on October 9, 2021. | Picture by MARK FELIX/AFP /AFP by way of Getty Photos

On Friday, Elizabeth Warren and different Democratic members of Congress despatched a letter to 2 federal regulators, urging them to take motion on the explosion of Bitcoin mining within the US.

Despatched to the heads of the Environmental Safety Company and Division of Vitality, the letter was spurred by preliminary investigation from lawmakers, which discovered that only a handful of cryptominers use an unlimited quantity of power. In response, the lawmakers ask the companies to require that crypto-mining corporations share knowledge on their power use and emissions.

Seven of the largest crypto-mining corporations within the US have the collective capability to make use of over 1 gigawatt of electrical energy, in response to the letter. That’s the equal of two normal coal vegetation…

Proceed studying…

Related Posts

Leave a Reply

Your email address will not be published.