page contents Congress Announces Hearing On Bitcoin’s Energy Use – The News Headline

Congress Announces Hearing On Bitcoin’s Energy Use

The U.S. Congress will dangle 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 was once induced 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 these days to induce Congress to take steps to mitigate the substantial contribution parts of the cryptocurrency markets are making to local weather alternate and the ensuing greenhouse fuel (GHG) emissions, environmental, and local weather justice affects it is going to have,” the letter learn.

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