Members of the US House of Representatives, Blockchain In order to understand the environmental effects of technology cryptocurrency requests information from the mining company.
US House of Representatives Committee Requests Information from Companies on the Effects of Proof of Work Mining
The U.S. House of Representatives Committee on Energy and Commerce on Wednesday met Core Scientific, Marathon Digital Holdings, Riot Blockchain Inc. and sent a letter to Stronghold Digital Mining. The committee examines the effects of Proof of Work and how it relates to emissions and “excessive electronic waste”.
The move comes as regulators in Washington place more emphasis on cryptocurrencies following the market crash this summer. In addition, Ethereum It is expected to merge the Proof of Work blockchain with the Proof of Stake chain next month.
Here is the Content of the Letter Sent by the Members to the Miners
The committee’s letter to Stronghold Digital Mining included the following statements:
“While we understand that blockchain technology holds tremendous promise that can make our personal information more secure and the economy more efficient, the energy consumption and hardware required to support PoW-based cryptocurrencies, in some cases, harmful emissions and excessive electronic waste (e-waste) have serious exogenous factors. can create.”
The letter was sent to the committee chair, Representative Frank Pallone Jr. and signed by Representatives Bobby Rush, Diana DeGette and Paul Tonko.
The committee requested information on how much energy each company’s mining facilities used in 2021, what energy sources the facilities used, and the proportion of energy used offset by renewable energy credits.
Members also asked how many days companies have restricted crypto mining to support the stability of the power grid in the past 12 months, the average cost per megawatt hour, and the profit per megawatt hour at each facility.
Last month, another group of politicians asked the Department of Energy and the Environmental Protection Agency to report information on emissions and energy use by miners.
*Not investment advice.
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