2 years ago
U.S. Sen. Elizabeth Warren (D-Mass.) expanded her enquiry of bitcoin miners’ vigor usage and their biology footprint, sending letters to six much miners connected Thursday.
Warren wrote to Riot Blockchain, Marathon Digital Holdings, Stronghold Digital Mining, Bitdeer, Bitfury Group and Bit Digital questioning their “extraordinarily precocious vigor usage.”
In the caller letter, Warren and her colleagues asked each miner to item energy consumption, scaling plans, agreements with energy companies and interaction connected vigor costs for consumers and tiny businesses by Feb. 10.
“The extraordinarily precocious vigor usage and c emissions associated with Bitcoin mining could undermine our hard enactment to tackle the clime situation – not to notation the harmful impacts cryptomining has connected section environments and energy prices,” Warren said successful the letter.
The correspondence adds to a database of inquiries by lawmakers globally connected the vigor depletion of proof-of-work (PoW) mechanisms that reward crypto miners for validating transactions.
Most recently, the U.S. held a legislature proceeding to sermon the vigor depletion related to the PoW. Meanwhile, the EU markets regulator called for a prohibition connected the validation system, citing its vigor intensity.
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Aoyon Ashraf is crypto mining newsman with much than a decennary of acquisition successful covering equity markets
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