• Latest
  • Trending

Environmental Impact of Bitcoin Mining ‘Deserves the Spotlight’: US Senator Markey

March 8, 2023

Bitcoin mining industry outpaces the gains of bitcoin itself

March 23, 2023

Bitcoin Miners’ Revenue From Fees Rises Suggesting the Onset of Major Bull Run

March 23, 2023

Riot stock falls by more than 60% over past year, company makes changes

March 23, 2023

Will Ethereum [ETH] follow Bitcoin’s [BTC] lead as the market rallies?

March 23, 2023

Russia supports crypto mining operations through mutual funds

March 22, 2023

Bitcoin Mining Firm Navier Starts Tokenized Hashrate Marketplace for Retail Customers

March 22, 2023

What can Ethereum’s [ETH] declining gas fees mean for the protocol? Analyzing…

March 22, 2023

An Ethereum [ETH] breakout past $1800 will remain unlikely until… 

March 21, 2023

Bitcoin Network Preps for Another Difficulty Spike as Hashrate Remains Strong and Miners Profit Amid Price Surge

March 21, 2023

U.S. IRS Considers Taxing NFTs Like Other Collectibles

March 21, 2023

Why BTC outflows persist despite renewed hopes for crypto comeback

March 21, 2023

Bitcoin Miner Bitfarms Sinks to Fourth-Quarter Loss as Difficulty, Costs Rise

March 21, 2023
Retail
Thursday, March 23, 2023
  • Home
  • Learn About Crypto

    Why Decentralized Exchanges Are On Rise? Can INNODEX Surpass Binance and Uniswap?

    Best Crypto Exchange Affiliate Programs in 2023

    What does Crypto Index fund Means and How to Invest?

    Who Will Reach $1 First In 2023?

    5 Best New BSC Cryptocurrencies To Invest In 2023

    Investing Penny Stocks? 5 Crypto Stocks To Watch Now

    5 Reasons Why Shiba Inu Will Rule The Crypto Market In 2023

    Top 5 Cryptocurrencies Under $1 that Will Explode in January 2023

    Chinese New Year And Bitcoin Will There Finally Be Fireworks For The King

  • Bitcoin

    Bitcoin Balance On Exchanges Soars, BTC Price Displays Weakness

    Bitcoin’s $18k Level Probably Constitutes a Bottom and Will be Retested, says Bitmex’s Hayes

    Twitter Posts $270M Q2 Loss, Blames Weak Ad Market and Uncertain $44b Elon Musk Deal

    California Approves Major Bitcoin Regulation As BTC Looks At $28K

    Bitcoin Mining Made Easier, Could This Be A Game Changer

    Funding Rates Return To Neutral Following Bitcoin Relief Rally

    Bitcoin NUPL Shows Average Holder Back In Profit, But For How Long?

    Bitcoin Miner Revenues Continue To Plunge, But Will The Rally Change This?

    Former Coinbase Employee Charged With Insider Trading for Tipping Off Brother and Friend on New Crypto Listings

  • Ethereum

    Will Ethereum [ETH] follow Bitcoin’s [BTC] lead as the market rallies?

    What can Ethereum’s [ETH] declining gas fees mean for the protocol? Analyzing…

    An Ethereum [ETH] breakout past $1800 will remain unlikely until… 

    Why BTC outflows persist despite renewed hopes for crypto comeback

    Ethereum [ETH]: Investors return to L2 bridges; zKSync, StarkNet addresses swell

    Ethereum [ETH]: Assessing if sliding fees can hasten relay to $2k

    BAYC: Of social spikes, struggling ranks, and plunging floor prices

    I asked ChatGPT Ethereum’s price prediction after Shanghai and its response was…

    Ethereum (ETH) Price Prediction 2025-2030: What ETH short-sellers should expect

  • NFT

    U.S. IRS Considers Taxing NFTs Like Other Collectibles

    Meta Shuts Down NFT Project to Focus on FinTech and Content

    Sotheby’s Auction House and UnicornDAO to Hold Art Auction Benefitting Women’s Rights

    Israel’s Tax Authority Probes NFT Creators Over Alleged Tax Evasion

    Solana’s Solend V2 Release, Is SOL Price $50 Next?

    Amazon NFT Marketplace To Reportedly Launch Next Month

    How a Price Battle Between Two Heavyweight NFT Exchanges is Pumping Prices

    New Crypto Startup Enables Users to Send NFTs Using Phone Numbers – Is This The Future of NFTs?

    Binance’s AI NFT Generator Gets Flooded with Requests Hours After Launch – Here’s How it Works

  • Altcoins

    What’s in store for BAT holders- Resistance zone or sell-pressure

    Decoding the reason behind falling cryptocurrency related stocks

    ZCash: Amid a bearish divergence, here’s where you can expect a pullback

    Payments Firm Stripe Adds Crypto Support For Twitter

    TRON at a pocket of demand; should investors take profit or HODL

    Top Privacy Coins Blaze Past Bitcoin This Week, Here’s Why

    THETA, Terra, FTX Token Price Analysis: 22 April

    Tron (TRX) Is Pumping Amid A Crypto Crash, Here’s Why

    Report: With over $47 billion in ‘realized’ crypto gains, this nation leads the pack

  • Mining

    Bitcoin mining industry outpaces the gains of bitcoin itself

    Bitcoin Miners’ Revenue From Fees Rises Suggesting the Onset of Major Bull Run

    Riot stock falls by more than 60% over past year, company makes changes

    Russia supports crypto mining operations through mutual funds

    Bitcoin Mining Firm Navier Starts Tokenized Hashrate Marketplace for Retail Customers

    Bitcoin Network Preps for Another Difficulty Spike as Hashrate Remains Strong and Miners Profit Amid Price Surge

    Bitcoin Miner Bitfarms Sinks to Fourth-Quarter Loss as Difficulty, Costs Rise

    Bitcoin rally is ‘pure gravy’ for miners finally seeing a light at the end of the tunnel

    Core Scientific Bankruptcy Judge Approves Transfer of Over $20M of Equipment to Its Exclusive Energy Negotiator

  • Financial News

    Inflation Could Squeeze Dollar Stores, Too

    Dollar General, Occidental Petroleum, Guess and more

    Courtroom Drama Clouds Post-Covid-19 Recovery for Regal Cinemas’ Owner

    Mortgage Rates Top 4% for the First Time Since 2019

    Dollar General, Accenture, Warby Parker and others

    China’s Housing Market Needs More Than Talk From Beijing

    Warren Buffett scoops up another $1 billion in Occidental shares, bringing total stake to $7 billion

    Netflix Will Be Sticking to Its Script

    New Gig Surcharges Are Hardly a Gas

  • Market Cap
No Result
View All Result
What's Up Market
No Result
View All Result

Environmental Impact of Bitcoin Mining ‘Deserves the Spotlight’: US Senator Markey

March 8, 2023
in Mining
0 0
0


Mining


U.S. Senators are once more taking a better have a look at Bitcoin mining.

Senator Ed Markey (D-Massachusetts) chaired a session of the Committee on Setting and Public Works yesterday, specializing in the vitality utilization of mining.

YOU MAY ALSO LIKE

Bitcoin mining industry outpaces the gains of bitcoin itself

Bitcoin Miners’ Revenue From Fees Rises Suggesting the Onset of Major Bull Run

The mining trade, Markey mentioned, “deserves the highlight.”

Markey is the sponsor of a invoice pushing for extra transparency from miners concerning their environmental influence.

TeraWulf’s Nuclear Bitcoin Plant Is Simply One Piece of the Inexperienced Mining Puzzle

“It has grown explosively in the USA over the previous two years. This can be very energy-intensive. And we’ve seen it hurt most people whereas enabling the creation of heavily-concentrated wealth in our nation,” he mentioned.

He mentioned the total extent of miners’ influence was not identified, which is why his invoice would require corporations to reveal extra details about their operations to the environmental regulator.

“We want a federal method simply so we’ve the knowledge on the market as to what the climatic impacts are,” he mentioned in his closing assertion.

When one yr of U.S. Bitcoin mining creates as many carbon emissions as 7.5 million gas-powered vehicles—we’ve an issue. Immediately’s listening to made that even clearer. The crypto trade is rising, however so is the combat for local weather justice. We are going to maintain these corporations accountable. pic.twitter.com/EA2vPrjcTy

— Ed Markey (@SenMarkey) March 7, 2023

Senator Pete Ricketts (R-Nebraska) argued that mining isn’t the one trade that depends on massive knowledge server banks, and that Washington D.C. shouldn’t be allowed to select “winners and losers.”

Ricketts’ house state of Nebraska has seen an financial increase from the crypto mining trade, because of the state’s low energy prices.

Showing on the skilled panel for the listening to, Courtney Dentlinger, vice chairman of customer support and exterior Affairs for Nebraska Public Energy District, mentioned there had been a constructive influence on the native energy trade.

Clients who’ve a gentle demand for electrical energy, equivalent to 24-7 miners, have traditionally made essentially the most environment friendly use of electrical infrastructure, she mentioned in a sworn statement submitted forward of the listening to.

“Furthermore, whereas crypto mining requires numerous electrical energy, the load could be very versatile. They usually search interruptible charges and might shortly drop hundreds, which has confirmed to be useful throughout native storm damage-related occasions, and even larger-scale grid occasions,” she mentioned.

Miners ought to ‘work smarter, not tougher’

The opposite two members of the skilled panel have been Rob Altenburg, senior director for Vitality and Local weather at clear vitality advocacy group PennFuture, and New York State Assemblymember Anna Kelles.

Kelles, a Democrat, voiced her assist for Markey’s invoice. She drafted a invoice in New York state that positioned a two-year moratorium on new Bitcoin miners from opening up store. The invoice got here into impact final November.

New York Indicators Two-12 months Crypto Mining Moratorium Into Regulation

In her opening remarks, Kelles mentioned the demand for extra energy has led mining corporations to convey outdated vitality vegetation again on-line.

“As one of many options for affordable vitality, cryptocurrency mining corporations have labored to reopen retired fossil gasoline vegetation just like the large-scale facility known as Greenidge in New York on Seneca Lake,” she mentioned. “An atmosphere with average temperatures, clear air, and considerable contemporary free water for cooling have made New York a perfect location for cryptocurrency mining corporations.”

Kelles mentioned these have a destructive influence on the standard of life within the surrounding areas, as a result of emissions, electrical waste, and noise air pollution, in addition to repercussions for native aquatic life.

Senators and witnesses additionally mentioned the proof-of-work course of, with a number of mentioning the discount of vitality utilization achieved by Ethereum’s swap to proof-of-stake.

Senator Markey urged the crypto world to “work smarter, not tougher” and think about much less energy-intensive strategies of manufacturing property.




Source link

Tags: BitcoinDeservesEnvironmentalimpactMarkeyMiningSenatorSpotlight
ShareTweetShare

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result

Recent News

Bitcoin mining industry outpaces the gains of bitcoin itself

March 23, 2023

Bitcoin Miners’ Revenue From Fees Rises Suggesting the Onset of Major Bull Run

March 23, 2023

Riot stock falls by more than 60% over past year, company makes changes

March 23, 2023

About Us

The website strives to educate individuals in making wise choices about Cryptocurrencies, Mining, Financial Market, and more.

Recent News

  • Bitcoin mining industry outpaces the gains of bitcoin itself
  • Bitcoin Miners’ Revenue From Fees Rises Suggesting the Onset of Major Bull Run
  • Riot stock falls by more than 60% over past year, company makes changes

Newsletter

  • Contact
  • Terms & Conditions
  • Privacy Policy

© 2022 whatsupmarket - All rights reserved

No Result
View All Result
  • Home
  • Learn About Crypto
  • Bitcoin
  • Ethereum
  • NFT
  • Altcoins
  • Mining
  • Financial News
  • Market Cap

© 2022 whatsupmarket - All rights reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • DSLA ProtocolDSLA Protocol(DSLA)$0.003679-6.88%
  • lympoLympo(LYM)$0.004392-4.43%
  • YAM v2YAM v2(YAMV2)$4.70-1.41%
  • PolkaBridgePolkaBridge(PBR)$0.439876-7.02%
  • Dev ProtocolDev Protocol(DEV)$1.76-16.14%
  • B-cube.aiB-cube.ai(BCUBE)$0.183336-4.61%
  • Shard CoinShard Coin(SHARD)$0.216756-21.17%
  • Finance VoteFinance Vote(FVT)$0.007875-2.41%
  • Value DeFiValue DeFi(VALUE)$0.554.96%
  • B20B20(B20)$0.4507925.62%