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Bitcoin mining remains controversial - US politicians demand data on environmental pollution

 


Four members of the US House of Representatives, who also sit on the parliamentary committee on energy and economy, are demanding data from four large mining companies on electricity consumption and the resulting environmental impact of mining Bitcoin ( BTC ).


With a letter to the mining companies Core Scientific, Marathon Digital Holdings, Riot Blockchain and Stronghold Digital Mining, the four US parliamentarians Frank Pallone, Bobby Rush, Diana DeGette and Paul Tonko want to obtain the release of data for the 2021 fiscal year, leading all of them concern the power consumption of the mining centers. The aim is to break down where the electricity comes from, what proportion of it comes from renewable energies and how often the operation was suspended. In addition, the politicians want to know the average electricity costs per megawatt hour for each data center.  


"Blockchain technology has immense potential that could ensure more data protection and a more efficient economy," the politicians write in their letter to Riot CEO Jason Les. To which they add: “However, the power consumption and hardware required to run PoW cryptocurrencies [like Bitcoin] could, in some cases, create massive externalities in the form of harmful emissions and excessive e-waste.”



In recent weeks and months, criticism of Bitcoin mining - and the proof-of-work (PoW) consensus process that the market leader relies on - has become louder and louder. In the course of this, a temporary ban on PoW mining was even discussed in the US state. However, parts of the crypto industry counter that the actual environmental impact of the production of Bitcoin is completely misrepresented .

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