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Bitcoin mining

Biden administration wants crypto miners to reduce their carbon footprint

02 Jun 2022 : 14:20
2 min read
  • the Biden administration seeks policy recommendations to reduce Bitcoin mining's energy usage and carbon footprint
  • In August, the Biden administration is expected to release a study on Bitcoin mining
  • For a long time, critics have asked the government to step in

According to a Bloomberg report, the Biden administration seeks policy recommendations to reduce Bitcoin mining’s energy usage and carbon footprint.

 A report on energy consumption

In August, the Biden administration is expected to release a study on Bitcoin mining, one of the agency’s first investigations on the subject. The study’s primary focus will be on whether crypto mining jeopardizes the country’s climate goals and how they should approach the industry.

The team plans to assess everything from local noise pollution to the energy efficiency of using different mining techniques, comparing Bitcoin’s proof-of-work technique with proof-of-stake used by other cryptocurrencies as part of the study. However, it is unclear whether this has impacted the government or whether it will take any action in response to the recommendations.

Critics’ concerns

Greenpeace USA, the Environmental Working Group, and Earthjustice filed comments to the White House last month urging the Biden administration to take steps to reduce carbon emissions associated with bitcoin mining. Other critics also argue that crypto mining strains the power grid calling for the government to step in.

However, in Texas, there have already been discussions about whether mining facilities could provide grid operators with flexibility by temporarily shutting down during peak demand. Still, the administration is concerned about the economic incentive for miners to turn off their servers, given the opportunity to make money by running all the time.


About Author

Stan Colenbrander

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Stan is the head of news and podcast host at Cryptonary. He was formerly a member of the Cryptonary Pro community. In early 2021, he decided to drop out of journalism school at university to pursue journalism in real life and make an impact in the crypto space. . His areas of interest include the NFT industry, decentralised finance, and crypto start-ups.

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