Demand for Supervision of Crypto Mining from US Authorities

expected to be the currency of the internet cryptocurrency units continue to be popular. Such a spread causes the governments of the countries to carry out studies on these currencies. Of course, it should be noted that cryptocurrencies are thought to have as much harm as their benefits. One of these is environmental effects.

The United States, one of the countries where cryptocurrencies are most common, approved a decree last month that made an investor happy. In addition, the country’s treasury minister also stated that he thinks cryptocurrencies are useful. But now the news has shown that congressmen in the country are concerned about the environmental impact of cryptocurrencies.

Members of Congress want more scrutiny of the environmental impact of cryptocurrencies

Bitcoin’s use of proof-of-work method is highly criticized due to the high energy and processing power required. According to the statements, this situation seriously increases the carbon footprint. Research shows that global Bitcoin mining consumes as much energy as Argentina in just one year. expressed concern about such environmental impacts. US officials He also appealed to the country’s environmental protection agency.

The group of 23 congressmen met last Wednesday. US Environmental Protection Agency (EPA) He sent a letter to his manager, Michael Regan, regarding his cryptocurrency mining operations. In the statements, the letter stated that the effects of cryptocurrencies on the environment further inspection It was reported that he was sent to call for

In their letter to the EPA, officials said, “That cryptocurrency facilities across the country are polluting communities and contributing greatly to greenhouse gas emissions our serious concerns there is” used the phrases. Members of Congress also drew attention to the effect of proof-of-work method, noise pollution caused by crypto money facilities and the need for more detailed auditing of these situations, while drawing attention to the fact that digital asset ownership rather than processing power is required. proof-of-stake emphasized the existence of such technologies.

In short, the implications of cryptocurrencies for our planet, which is already struggling with climate change, are being discussed. While such concerns persist, some experts state that concerns about these currencies are misguided. Even some reports published banking systems It turns out that it uses much more (twice) energy than Bitcoin. You can share your thoughts on the subject in the comments.