A new congressional investigation, led by Sen. Elizabeth Warren (D-Mass), has found that seven of the top Bitcoin mining companies will use about as much energy as all the homes in Houston (nearly 1 million homes), the fourth most populous city in the U.S.
A group of Democratic Senators, including Warren and Sheldon Whitehouse (D-R.I.), Edward J. Markey (D-Mass.) and Jeff Merkley (D-Ore.), and Representatives Jared Huffman (D-Calif.) and Rashida Tlaib (D-Mich.) are calling on the Environmental Protection Agency (EPA) and Department of Energy (DOE) for more regulations on the cryptomining industry.
"The results of our investigation … are disturbing … revealing that cryptominers are large energy users that account for a significant – and rapidly growing – amount of carbon emissions," the lawmakers wrote in a letter to EPA and DOE. "Our investigation suggests that the overall U.S. cryptomining industry is likely to be problematic for energy and emissions. But little is known about the full scope of cryptomining activity. Given these concerns, it is imperative that your agencies work together to address the lack of information about cryptomining's energy use and environmental impacts, and use all available authorities at your disposal… to require reporting of energy use and emissions from cryptominers."
Please read full from sources:
https://grist.org/climate-energy/congress-crypto-mining-electricity-use-houston/
and
https://www.ecowatch.com/cryptomining-companies-energy.html
A group of Democratic Senators, including Warren and Sheldon Whitehouse (D-R.I.), Edward J. Markey (D-Mass.) and Jeff Merkley (D-Ore.), and Representatives Jared Huffman (D-Calif.) and Rashida Tlaib (D-Mich.) are calling on the Environmental Protection Agency (EPA) and Department of Energy (DOE) for more regulations on the cryptomining industry.
"The results of our investigation … are disturbing … revealing that cryptominers are large energy users that account for a significant – and rapidly growing – amount of carbon emissions," the lawmakers wrote in a letter to EPA and DOE. "Our investigation suggests that the overall U.S. cryptomining industry is likely to be problematic for energy and emissions. But little is known about the full scope of cryptomining activity. Given these concerns, it is imperative that your agencies work together to address the lack of information about cryptomining's energy use and environmental impacts, and use all available authorities at your disposal… to require reporting of energy use and emissions from cryptominers."
Please read full from sources:
https://grist.org/climate-energy/congress-crypto-mining-electricity-use-houston/
and
https://www.ecowatch.com/cryptomining-companies-energy.html