Bitcoin Mining Threatens America’s Climate Change Efforts, White House Science and Tech Department Says – Bitcoin News

The Biden administration is concerned about cryptocurrency mining practices affecting climate change, after the US Office of Science and Technology Policy released a report saying politicians should act. against cryptocurrency mining. The federal government agency recommends the Biden administration encourage more research into mining electricity consumption and codify public policy for the mining industry as a whole.

Office of Science and Technology Policy Report Claims Something Must Be Done to Stop Cryptocurrency Mining Pollution

According to the US Office of Science and Technology Policy (OSTP), bitcoin mining could limit government efforts to combat climate change. The OSTP document claims cryptocurrency mining operations, especially blockchains that leverage proof of work (PoW), cause air, noise and water pollution, according to a report published by Bloomberg.

The OSTP report claims that cryptocurrency mining can “raise environmental justice issues for underserved communities.” US President Joe Biden command OSTP and several other agencies to report on the impact of crypto mining production last March.

The OSTP report released on Thursday was one of the first to hit Biden’s desk after he began issuing executive orders six months ago. OSTP recommends that the US government make public policy immediately to prevent pollution allegedly related to PoW mining.

The US government’s department of science and technology believes that the federal government needs to work with leaders at the state level to devise public policy to curb so-called mining pollution.

OSTP explains in the report: “Depending on the energy intensity of the technology used, crypto assets could hinder broader efforts to achieve net zero carbon pollution consistent with climate commitments and goals of the United States,” OSTP explains in the report.

The White House Department of Science and Technology says if the Federal Government cannot get states to cooperate, regulatory actions are needed.

The latest OSTP report leverages several studies and data points from previously published research papers. The Department of Science and Technology claims that cryptocurrency mining operations in the United States take up nearly as much energy as all US citizens using personal computers today use.

It goes on to claim that mining uses roughly the same amount of energy as American diesel-powered railroads. The OSTP and the Biden administration have a hard time dealing with climate change and complying with the Paris Agreement.

The Memorandum of Understanding comes from the Paris agreement pledging to reduce the world’s emissions by 50% by 2030. OSTP details in its report that if the federal government is unable to work with home leaders water at the local level, the Biden administration should take advantage of laws and executive orders aimed at preventing so-called pollution associated with PoW mining.

The OSTP report concludes: “If these measures prove ineffective in reducing the impact, the administration should explore executive action and Congress could consider legislation.”

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Biden Administration, Bitcoin Mining, Climate, climate change, Cryptocurrency Mining, Electronic money, data point, use the electricity, Use of energy, Executive orders, federal government, Law, Mining sector, Mining pollution, Office of Science and Technology Policy, OSTP, Paris Agreement, PoW . Mining, public policy, report, Report, Rule, Science and technology, current level, learn, The White House

What do you think of OSTP’s statement about bitcoin mining? Do you think the Biden administration will respond to this report with regulations and public policy? Let us know what you think about this topic in the comments section below.

Jamie Redman

Jamie Redman is the News Lead at News and a fintech journalist living in Florida. Redman has been an active member of the crypto community since 2011. He has a passion for Bitcoin, open source and decentralized applications. Since September 2015, Redman has written over 5,700 articles for News about the groundbreaking protocols emerging today.

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