Officials hesitant to single out crypto mining
Rep. Huffman seeking answers soon
Federal agencies are balking at—or declining to publicly explain their response to—cryptocurrency mining recommendations from a White House report that raised serious concerns about the rapidly growing industry’s energy consumption and climate footprint.
The situation has irked one House Democrat who has pushed for a closer federal look at cryptocurrency—and who demanded that agencies answer his concerns soon.
U.S. energy and environmental officials have announced no plans to pursue possible efficiency standards, electric grid reliability assessments, or energy use surveys outlined by the study, which was issued four weeks ago. The report found cryptocurrency mining accounts for 0.9% to 1.7% of U.S. electricity use and causes about 0.4% to 0.8% of U.S. greenhouse gas emissions.
Costa Samaras, the Office of Science and Technology Policy’s principal assistant director for energy, told Bloomberg Law his...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...