There’s a new national analysis of the risks posed by crypto mining.
don’t see additional challenges and have their communities improved rather than further burdened.
One of the things that crypto asset mining can potentially affect is a local community. That is through noise from the operations, or it could be from direct air or water pollution from any energy sources that are used in the local region. And it could be potentially through increased electricity prices that have been experienced in some regions in the United States.
What the report found was that crypto asset operations use about .9 to 1.7 percent of total US electricity. The reason that range is so big is that there’s not a lot of great information on the electricity use of crypto assets in the United States. And what is important is that we focus on getting better information so that we find and anticipate little problems before they become big problems. This amount of electricity is similar to all of the computer usage or all the residential lighting.
Some of the other steps include the ability for the federal government to provide technical assistance to state and local environmental agencies and communities as crypto asset mining operations are ramping up to find ways to ensure that these local impacts don’t get any worse. The report mentions that if some of those early collaborative measures “prove ineffective at reducing impacts, the Administration should explore executive actions” — how soon before we start exploring executive actions?There’s no outlined timetable. But we are in a climate crisis. And the administration has been very clear that bold climate action is needed, and bold action is what we’re taking.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin mining stock report: Wednesday, September 14Here's how crypto mining companies performed on Wednesday, Sept. 14.
Read more »
Bitcoin mining stock report: Thursday, September 15Here's how crypto mining companies performed on Thursday, Sept. 15.
Read more »
Biden administration targets crypto enforcement, digital asset rules(Reuters) -U.S. government agencies must double down on digital asset sector enforcement and identify gaps in cryptocurrency regulation, the Biden administration said on Friday, citing their potential for misuse and harm even as it noted their growing role in global finance. The Treasury Department will also lead a group of government agencies that will consider a central bank digital currency, although the White House stopped short of endorsing a digital dollar. The collective government action, announced in a series of published reports, follow an executive order U.S. President Joe Biden signed this year 'on Ensuring Responsible Development of Digital Assets.'
Read more »
Crypto poses threat to 'financial stability' of everyday Americans, Biden administration warns in new reportThe failures of crypto projects like Terra, Celsius and Voyager have taken a financial toll on many investors in the U.S. and around the world. Some invested large sums before seeing their tokens collapse in value, or having their accounts frozen.
Read more »
The PoW Dominance Purge — Only 6 Crypto Assets out of the Top 50 Market Caps Use Proof-of-Work – Mining Bitcoin NewsOut of 50 of the largest crypto coins by valuation, only six crypto assets leverage a proof-of-work mining scheme. PoW PoS
Read more »