USA Investigates Energy Consumption of Bitcoin Mining

It is a known fact that cryptocurrencies are becoming more and more common day by day. As the popularity of these currencies grows, mining activities are also on the rise. But mining, especially the leading cryptocurrency Bitcoin (BTC) Energy consumption due to mining is also on the agenda of the world. The United States of America is one of the countries where these activities take place the most after the bans of China and is at the center of these discussions.

Now, a move has come from the country’s Democratic Party officials towards the miners. Lawmakers made a significant request from Bitcoin mining companies based in the US. In letters sent to six mining companies, signed by eight congressmen, energy consumption clarification was requested.

A statement was requested on the energy consumption of mining activities.

Authorities in mining activities how much electricity is used, how clean energy is consumed, and how this will affect people and the environment He said he wanted to learn. In the statements, “Given the extraordinarily high energy use and carbon emissions associated with bitcoin mining, the impacts of these activities on the environmental and local ecosystems arouses concern” statements were included.

Members of Congress also asked companies to explain how they plan to grow in the United States, apart from electricity use. This request comes after a discussion of the energy implications of cryptocurrency mining last week. In this discussion, US experts and congressmen discuss the implications of mining for renewable energy and the country’s climate goals He had expressed his opinions on whether or not he would derail it.

Mining activities consume more energy in a year than Ukraine

Cryptocurrency mining, led by Bitcoin, consumes a large amount of energy. These activities per year consumes more energy than Ukraine is expressed. In addition, it is stated that this electricity used can contribute greatly to climate change if it is produced by fossil fuels. Therefore, it is quite normal for the US authorities to make such a request.

More mining companies in the country does not use renewable energyIt is also among the news that the equipment is operated 24/7. For this reason, it is hoped that as a result of the letter sent by the congress members, it will be revealed whether the companies are working with clean or environmentally harmful energies.

companies to this demand February 10 It was also among the news that he was expected to reply until the deadline. It was also noted in the news published by The Verge that only two companies have commented on the subject at the moment. While one of the companies, Marathon Digital Holdings, stated that they plan to establish productive dialogues; Another company called Riot Blockchain stated that it is proud to do business in the USA and that they are seriously considering responding to the letter of the congressmen.