US lawmakers call for greater scrutiny of crypto mining for its environmental impact

Texas could raise funds through NFT and harness 'abundant' energy to mine Bitcoin

US lawmakers call for greater scrutiny of crypto mining for its environmental impact For Hannah Perez

More than twenty US Democratic representatives called on the country’s environmental agency to investigate crypto mining companies.

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A group of Democrats in the United States Congress is calling for a more rigorous review of cryptocurrency mining companies to assess whether they are effectively complying with environmental statutes.

House member Jared Huffman and twenty-two other House Democrats this week sent a letter to the Environmental Protection Agency (EPA) to convey their concerns about the potential environmental and climate damage from mining cryptocurrencies. proof of work (PoW), such as Bitcoin.

We are very concerned about reports that cryptocurrency facilities across the country are polluting communities and making an excessive contribution to greenhouse gas emissions.“says the letter, which later claimed that cryptocurrency mining is poisoning our communitiesyes”.

We request that the EPA assess PoW mining facilities’ compliance with environmental statutes, such as the Clean Air Act and Clean Water Act, and engage with communities when reviewing permits. Additionally, we ask that the EPA investigate and address any harm these existing PoW facilities are causing to communities.

Democrats voice their concerns

Legislators identified efforts to “reopen closed gas and coal facilities” as a means of producing energy for crypto mining operations as a particular area of ​​concern. They also mentioned that cryptocurrencies like Bitcoin, Ethereum, Monero Y zcash are based on PoW, a mechanism described as “energy inefficient“.

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Proof of Work (PoW) refers to a blockchain consensus mechanism based on high computing power to validate transactions and generate new coins. In PoW mining, members, also called miners, compete to solve math puzzles to produce new blocks and secure the network. The activity requires intensive use of energy.

A single Bitcoin transaction could power the average American household for a month“, the legislators affirmed in the letter. “People living near crypto mining facilities are already suffering from the effects of air, water and noise pollution from these facilities“, they added in another paragraph.

In addition to concerns about high energy consumption, carbon emissions and its environmental effect, legislators also They pointed out the “large amounts of electronic waste that the activity can produce, due to the fact that the mining equipment becomes obsolete with the passage of time.

Representatives Brad Sherman and Jamaal Bowman of California; Alexandria Ocasio-Cortez of New York; and Jesús G. “Chuy” García and Marie Newman of Illinois, are among the signatories of the letter.

PoW at the center of discussions

The democrats they requested in the letter the environmental agency to investigate and assess the country’s crypto mining facilities to ensure that environmental statutes are not violated.

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They also encouraged further consideration of the mining technology of proof of stake (PoS) for potentially having99.99% less power demand“, while They called for more attention to be paid to the matter, due to the growing popularity of cryptocurrencies, and the potential growth that this can generate in the mining industry.

As cryptocurrency continues to gain in popularity and demands more mining, we must ensure that communities are not left with the toxic burdens associated with this technology.

The petition comes at a time when cryptocurrency mining has moved to the center of discussions from regulators around the world due to its environmental impact. In the US, some New York environmentalists have been pushing the government to limit PoW mining operations. Meanwhile, the European Union has also been discussing a possible ban.


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Article by Hannah Estefanía Pérez / DailyBitcoin

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WARNING: This is an informative article. DiarioBitcoin is a means of communication, it does not promote, endorse or recommend any investment in particular. It is worth noting that investments in crypto assets are not regulated in some countries. May not be suitable for retail investors as the full amount invested could be lost. Check the laws of your country before investing.

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