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%.
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.
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%.
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
Here's another article on this, from CoinDesk:
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/