Tuesday, January 18, 2022

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

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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 other [bitcoin mining] plants raise concerns about their impacts on the global environment.”

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 forex markets in latest occasions. In mid-September, Warren pressed the chairman of the Securities and Exchange Commission (SEC) to research rising digital forex oversight. Warren has additionally denounced cryptocurrency mining up to now 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 extraordinarily high energy usage and carbon emissions associated with bitcoin mining, mining operations at Greenidge and other plants raise concerns about their impacts on the global environment, on local ecosystems, and on consumer electricity costs,” Warren’s letter explains. The U.S. senator additionally tweeted the Bloomberg article by way of her official Twitter account and additional stated:

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

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

According to Bloomberg’s contributing creator, Josh Saul, this “is the first time Warren has queried a specific miner.” The Massachusetts senator additional instructed Bloomberg that lawmakers want to know these mining services extra. “We need to better understand how much energy facilities like Greenidge are using, how much they’re emitting into the environment, and what impact they’re having on electricity prices for American consumers,” Warren careworn.

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 “natural gas to generate electricity.” Furthermore, “Greenidge Generation runs at new levels of thermodynamic efficiency, achieving historic lows in the cost of producing power,” the corporate particulars.

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

Tags on this story
Atlas Holdings, Bitcoin, Bitcoin (BTC), Bitcoin mining, BTC, BTC Mining, Carbon Credits, Elizabeth Warren, elizabeth warren bitcoin, Elizabeth Warren BTC Mining, Elizabeth Warren mining, environment, environmental impression, world surroundings, inexperienced mining, Greenidge, Greenidge CEO, Greenidge Generation, Jeff Kirt, Massachusetts senator, politicians, Renewable Energy, renewable power options

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

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