US Lawmakers Target Crypto Miners: Letter to Four Mining Companies

Members of the U.S. House of Representatives Committee on Energy and Commerce sent a letter to four cryptocurrency mining companies requesting information on their energy consumption.

Energy and Trade Commission via the official website 17 August According to the press release published on Frank Pallone, Bobby Rush, Diana DeGette and by Paul Tonko The quartet, in which he is a member, is the three largest mining companies in the USA. Core Scientific, Marathon Digital, Riot Blockchainbesides Stronghold Digital Miningcompanies by writing a letter to 2021 since the year the energy they consume He asked them to provide information on various topics, including

Commission members on energy consumption of companies whether forcing networks and US climate targets whether you undermine or not researching. your letters, January 1, 2022 of cryptocurrencies launched on effects on energy consumption and PoW Blockchains built on the (Proof of Work) system negative environmental effects The investigation is said to be a continuation.

Members are generally committed to blockchain technology. that they sympathize however PoW the impact of the energy consumption caused by the blockchain system in achieving the climate goals. undermining your potential expressing what they think.

The letter includes the following questions:

  • How much energy did the company’s facilities use in 2021?
  • How much of the energy used is covered by renewable energy credits?
  • How many days have you reduced your operations in the last 12 months to ensure grid stability?
  • What is the average cost per MWh and average profit per MWh of the company’s facilities in 2021?

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