US lawmakers probe into crypto mining companies’ energy use

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Whinstone CEO Chad Harris poses for a portrait in a room with Bitcoin mining machines during a tour at the Whinstone US Bitcoin mining facility in Rockdale, Texas, on October 10, 2021 | Photo by MARK FELIX/AFP /AFP via Getty Images

Democratic lawmakers are pushing Bitcoin mining companies in the US to divulge how much electricity they use in an effort to assess how that will impact nearby residents and the environment. Eight members of Congress sent letters yesterday to six companies that mine Bitcoin in the US asking them about the energy and environmental impact of their operations.

“Given the extraordinarily high energy usage and carbon emissions associated with Bitcoin mining, mining operations raise concerns about their impacts on the global environment, local ecosystems, and consumer electricity costs,” the letters say. The letters were signed by Senators Elizabeth Warren (D-MA), Sheldon Whitehouse (D-RI), Jeff Merkley (D-OR), Margaret Hassan (D-NH), and Ed…

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Author: Justine Calma