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US lawmakers appeal to 4 mining firms, requesting info on energy consumptioncointelegraph.com/news/us-lawmakers-appeal-directly-to-4-mining-firms-requesting-info-on-energy-consumption
20 sats \ 3 comments \ @User21000000 18 Aug 2022 bitcoin
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0 sats \ 1 reply \ @cryptocoin 18 Aug 2022
Here's a link to the letter sent:
E&C Leaders Demand Answers from Cryptomining Companies on their Environmental and Energy Impacts https://energycommerce.house.gov/newsroom/press-releases/ec-leaders-demand-answers-from-cryptomining-companies-on-their-environmental
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0 sats \ 0 replies \ @cryptocoin 19 Aug 2022
Here's another article on this, from CoinDesk:
The latest letter acknowledges that some miners are mitigating their need for excess amounts of energy by investing in renewable sources of power. However, they argued that some of the largest crypto mining companies in the country are still primarily relying on the electrical grid for their power, which can increase peak demand and potentially incentivize new fossil fuel generators.
House Lawmakers Send Letters to 4 US Crypto Miners Asking for Details on Environmental Impact https://www.coindesk.com/policy/2022/08/18/house-lawmakers-send-letters-to-4-us-crypto-miners-asking-for-details-on-environmental-impact/
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0 sats \ 0 replies \ @frostdragon 18 Aug 2022
Should be interesting to follow. Supposedly they shouldn’t find much, the percentage of renewable energy for bitcoin mining is like 60%. Hopefully Congress isn’t cherry picking from the 40%.
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