A US House of Representatives subcommittee hearing on " cryptocurrency cleanup "and blockchain energy use began with one representative describing the energy consumption of some bitcoin mines as" very worrying.”
How to mine a bitcoin currency at home USA.
The hearing comes as the huge energy consumption of cryptocurrency mining is increasingly being questioned by politicians and climate advocates.
Mining companies manage thousands of computers to solve accounts that support certain cryptocurrencies, especially Bitcoin and Ethereum.
Officials explicitly raised worries about the reuse of old coal plants in New York and Pennsylvania to help mining activities.
"We can't bring resigned petroleum product plants back on the web or postpone the retirement of a portion of our more established, less proficient plants to help energy-serious crypto mining," said Rep.
Candid Pallone, a Democrat who seats the energy and Commerce Committee.
What is the role of bitcoin mining sites in the US
The meeting was held by the House Committee on Energy and Commerce subcommittee and saw included utility leader and Bitfury SESEO O Brian Brooks.
A report referred to by the subcommittee assesses that Ethereum and bitcoin mining activities together discharged more than 78 million tons of carbon dioxide into the environment last year, a sum comparable to the yearly fumes outflows of more than 15.5 million vehicles.
Interaction of politicians and Democrats with the digital currency bitcoin us
Leah Wald, CEO of Valkyrie speculations, which as of late sent off the Bitcoin Futures Foundation, said:" The consultation was fair and seems to have generally been agreeable to the open door bitcoin mining can bring to the United States.
"We trust that regardless of a few clear obstacles that we as an industry actually need to defeat according to training viewpoint, this could be the start of a defining moment for bitcoin and other computerized resources according to our administration."
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