Elizabeth Warren Queries Bitcoin Mining Operation, US Senator Says Crypto Miners Raise Environmental Concerns

Elizabeth Warren Queries Bitcoin Mining Operation, US Senator Says Crypto Miners Raise Environmental Concerns

Elizabeth Warren Queries Bitcoin Mining Operation, US Senator Says Crypto Miners Raise Environmental Concerns

Senator Elizabeth Warren has written a letter to the CEO of the New York bitcoin mining agency Greenidge Generation, Jeff Kirt, asking for particulars on the corporate’s emissions. Warren’s letter insists “Greenidge and different [bitcoin mining] vegetation increase issues about their impacts on the worldwide surroundings.”

Elizabeth Warren Takes Aim at Bitcoin Mining Operations

The former legislation professor and the United States Democratic Party senator from Massachusetts, Elizabeth Warren, has taken purpose at cryptocurrency mining operations after she criticized digital foreign money markets in latest occasions. In mid-September, Warren pressed the chairman of the Securities and Exchange Commission (SEC) to research growing digital foreign money oversight. Warren has additionally denounced cryptocurrency mining previously and she has cited bitcoin mining’s environmental impression on many events.

On December 2, Warren shared a letter she despatched to the CEO of the New York bitcoin mining agency Greenidge Generation Holdings, Jeff Kirt, with the information publication Bloomberg. “Given the terribly excessive power utilization and carbon emissions related to bitcoin mining, mining operations at Greenidge and different vegetation increase issues about their impacts on the worldwide surroundings, on native ecosystems, and on client electrical energy prices,” Warren’s letter explains. The U.S. senator additionally tweeted the Bloomberg article through her official Twitter account and additional said:

Crypto mining has large environmental prices & is elevating power costs for shoppers. Bitcoin alone consumes as a lot power as Washington state. I’m calling on Bitcoin firm [Greenidge Generation] to supply info on its operations & environmental impression.

Warren: ‘We Need to Better Understand How Much Energy Facilities Like Greenidge Are Using’

According to Bloomberg’s contributing writer, Josh Saul, this “is the primary time Warren has queried a selected miner.” The Massachusetts senator additional advised Bloomberg that lawmakers want to grasp these mining services extra. “We want to higher perceive how a lot power services like Greenidge are utilizing, how a lot they’re emitting into the surroundings, and what impression they’re having on electrical energy costs for American shoppers,” Warren burdened.

The bitcoin miner Greenidge Generation has claimed on many events that the corporate leverages inexperienced options to mine bitcoin (BTC). The Greenidge Generation energy plant in Dresden, NY makes use of “pure gasoline to generate electrical energy.” Furthermore, “Greenidge Generation runs at new ranges of thermodynamic effectivity, reaching historic lows in the price of producing energy,” the corporate details.

Greenidge is operated by Atlas Holdings, and the agency’s web site explains that the agency purchases carbon offset credit. Quite a few different bitcoin mining operations additionally leverage carbon credit score options and renewable power options.

What do you concentrate on the senator from Massachusetts, Elizabeth Warren, criticizing the bitcoin mining trade and sending a letter to the Greenidge CEO? Let us know what you concentrate on this topic within the feedback part beneath.

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