Congress Announces Hearing On Bitcoin’s Energy Use

The U.S. Congress will cling a listening to at the power use and environmental affect of bitcoin mining on January 20, its Power and Trade Oversight Subcommittee introduced on Thursday.

The transfer used to be caused via a letter despatched to the Space in October via a cohort of nationwide and world local weather organizations that argued towards the power utilization of Bitcoin and its Evidence of Paintings (PoW) gadget.

“We, the greater than 70 local weather, financial, racial justice, industry and native organizations, write to you lately to induce Congress to take steps to mitigate the really extensive contribution parts of the cryptocurrency markets are making to local weather exchange and the ensuing greenhouse gasoline (GHG) emissions, environmental, and local weather justice affects it is going to have,” the letter learn.

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