Thursday, September 28, 2023
  • Login
EthozEdge
No Result
View All Result
  • Home
  • ETHO News
  • EVM News
    • Avalanche Network
    • Ethereum
    • Fantom Opera Chain
    • Harmony Chain
    • Huobi Eco Chain
    • Polygon Chain
  • Crypto News
    • Altcoin News
    • Bitcoin
    • Blockchain
    • Crypto Exchanges
    • Crypto Mining
    • Crypto Regulation News
    • DeFi
    • NFT
    • Metaverse
    • Scam News
    • Web 3.0
Cryptocurrency Marketcap
  • Home
  • ETHO News
  • EVM News
    • Avalanche Network
    • Ethereum
    • Fantom Opera Chain
    • Harmony Chain
    • Huobi Eco Chain
    • Polygon Chain
  • Crypto News
    • Altcoin News
    • Bitcoin
    • Blockchain
    • Crypto Exchanges
    • Crypto Mining
    • Crypto Regulation News
    • DeFi
    • NFT
    • Metaverse
    • Scam News
    • Web 3.0
No Result
View All Result
EthozEdge
No Result
View All Result
Home Crypto News Bitcoin

EPA Vs. Bitcoin: Dorsey, Saylor, Others Oppose Lawmakers’ Call For Action Vs. Crypto Mining

by ethozedge
May 3, 2022
in Bitcoin
Reading Time: 3 mins read
A A
0
Share on FacebookShare on Twitter


Bitcoin titans Jack Dorsey, Michael Saylor, and Tom Lee collaborated on a letter to the U.S. Environmental Protection Agency in defense of Bitcoin mining’s alleged impact on the environment. 

Together, they have refuted claims by House democrats who are tapping on the EPA to investigate the so-called devastating effects that crypto mining has on the environment. 

With Bitcoin running on a proof-of-work (POW) mining mechanism, miners all over the world run high-powered computers that mine new bitcoins and verify every single transaction. Proof-of-work mining does require large amounts of energy in the process. 

Suggested Reading | Is It Possible For Crypto To Go Green? Big Companies Are Trying, But It’s Not That Easy

Some of the biggest names in crypto defend mining in letter to EPA. (Image credit: EuroNews)

House Democrats Nudge EPA With Crypto Mining Issues

Last week, Rep. Jared Huffman together with other legislators conferred and requested the EPA to be strict with verifying that mining companies comply with the Clean Air Act and Clean Water Act.

This is in response to complaints of pollution or greenhouse gas emissions caused by cryptocurrency industries in the U.S. and in other parts of the world. 

Tech Giants’ Data Centers Operate Like Crypto Miners

In response to this, crypto experts along with other major companies like Fortress Investment Group, Benchmark Capital, and Fidelity Investments sent a rebuttal letter to EPA stating that the House Democrats have inaccurate information regarding the proof-of-work mining mechanism. 

Evidently, the legislators want to put a stop to crypto mining when in fact these operate exactly the same way as data centers that use power generation facilities.

Crypto mining facilities work the same way as the data centers owned by Apple, Amazon, Google, Meta, and Microsoft. They have power-hungry machines running round the clock.

BTC total market cap at $730.25 billion on the daily chart | Source: TradingView.com

Suggested Reading | Equinox, The Luxury Gym Brand, Starts Accepting Payments In Crypto

Now, regulation of these data centers could entail a tremendous shift in U.S. policy. In fact, according to Darin Feistein, co-founder of Core Scientific, and one of the EPA letter authors, the pollution is coming from the energy generation or power source and all the data centers from many big companies consume humongous amounts of electricity.

House Dems Add To Global Confusion

With that being said, regulating energy generation in bitcoin mining and other data centers would be futile or redundant because there are already channels that manage regulation of these facilities on a federal, state, and local level. 

It seems that House Democrats don’t understand how data centers work after all; and these discussions just seem to add to the confusion. it doesn’t make any sense. 

These lawmakers though are firm in their claims, stressing that bitcoin mining produces a large amount of electronic waste amounting to 30,700 tons a year. Further, they pointed out that the crypto mining industry needs to be held accountable for such waste. 

To date, it’s still hazy as to whether EPA will dabble into these issues surrounding crypto mining. 

Featured image from Forbes, chart from TradingView.com



Source link

Tags: actionBitcoinbitcoin newsCallCryptocrypto analysiscrypto newsDorseyEPAEthoz EdgeLatest bitcoin newslatest crypto newsLawmakersminingOpposeSaylor
Share76Tweet47

Related Posts

The Lightning Network Makes Bitcoin Unstoppable: Bitcoin Backstage with David Marcus

by ethozedge
September 28, 2023
0

One of the biggest challenges Bitcoin faces is scalability. Transactions can be slow and costly, making mainchain settlement less efficient...

JPMorgan, Citi Among Banking Giants Abuzz About Tokenization of Real-World Assets (RWA) as DeFi Craves Collateral

by ethozedge
September 28, 2023
0

Edging towards the public Ethereum mainnet has always been a delicate business, given that banks have traditionally viewed public blockchains...

Report Reveals Crypto Whale Center With Majority Of Transactions Crossing $1 Million

by ethozedge
September 28, 2023
0

A report from blockchain data analytics platform Chainalysis has revealed that the majority of crypto transactions in the United Arab...

Coinbase CEO Armstrong Alerts ‘5G Moment’ For Crypto

by ethozedge
September 28, 2023
0

Coinbase CEO, Brian Armstrong, has called for clear, comprehensive legislation in the crypto industry, cautioning that the United States is...

Ethereum Price Faces Rejection But Bulls Are Not Out of Woods Yet

by ethozedge
September 28, 2023
0

Ethereum price is attempting a fresh increase above $1,620 against the US Dollar. ETH must settle above $1,620 and $1,650...

Load More
  • Trending
  • Comments
  • Latest

🔴 Bank of America Bets on Crypto

April 11, 2022

Pomelo Launches Family Credit Cards to Combine Credit and International Money Transfer

August 16, 2022

How to Add Polygon (MATIC) to Your MetaMask Wallet

May 28, 2022

The Sandbox Price Prediction 2022-2030: HODL or DUMP?

May 25, 2022

Successful Beta Service launch of SOMESING, ‘My Hand-Carry Studio Karaoke App’

0

At least 54 apes were stolen in BAYC Instagram hack

0

Binance Introduces New Crypto Card for Ukrainian Refugees

0

55,000 Meta Cricket League NFTs sell out in nine minutes

0

Crypto Analyst Offers Update on Bitcoin (BTC), Says Chainlink (LINK) Has Broken Through a Downtrend

September 28, 2023

The Lightning Network Makes Bitcoin Unstoppable: Bitcoin Backstage with David Marcus

September 28, 2023

JPMorgan, Citi Among Banking Giants Abuzz About Tokenization of Real-World Assets (RWA) as DeFi Craves Collateral

September 28, 2023

Report Reveals Crypto Whale Center With Majority Of Transactions Crossing $1 Million

September 28, 2023
Facebook Twitter LinkedIn Tumblr RSS
EthozEdge

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at EthozEdge

CATEGORIES

  • Altcoin News
  • Avalanche Network
  • Binance Smart Chain
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Mining
  • Crypto Regulation News
  • DeFi
  • Ethereum
  • EVM News
  • Fantom Opera Chain
  • Harmony Chain
  • Huobi Eco Chain
  • Metaverse
  • NFT
  • Polygon Chain
  • Scam News
  • Web 3.0
  • XDai Chain

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - EthozEdge.
EthozEdge The Crypto is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • ETHO News
  • EVM News
    • Avalanche Network
    • Ethereum
    • Fantom Opera Chain
    • Harmony Chain
    • Huobi Eco Chain
    • Polygon Chain
  • Crypto News
    • Altcoin News
    • Bitcoin
    • Blockchain
    • Crypto Exchanges
    • Crypto Mining
    • Crypto Regulation News
    • DeFi
    • NFT
    • Metaverse
    • Scam News
    • Web 3.0

Copyright © 2022 - EthozEdge.
EthozEdge The Crypto is not responsible for the content of external sites.

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
  • JDBJDB(JDB)$0.021575-0.61%
  • bitcoinBitcoin(BTC)$27,037.002.96%
  • ethereumEthereum(ETH)$1,652.453.60%
  • USDEXUSDEX(USDEX)$1.07-0.47%
  • tetherTether(USDT)$1.000.05%
  • binancecoinBNB(BNB)$215.131.82%
  • rippleXRP(XRP)$0.511.76%
  • usd-coinUSDC(USDC)$1.000.05%
  • staked-etherLido Staked Ether(STETH)$1,648.783.40%
  • cardanoCardano(ADA)$0.2492631.95%
  • dogecoinDogecoin(DOGE)$0.0613601.73%
  • solanaSolana(SOL)$19.744.08%
  • ToncoinToncoin(TON)$2.264.71%
  • tronTRON(TRX)$0.0865051.41%
  • Wrapped stETHWrapped stETH(WSTETH)$1,865.020.37%
  • polkadotPolkadot(DOT)$4.072.37%
  • matic-networkPolygon(MATIC)$0.523.37%
  • litecoinLitecoin(LTC)$65.172.77%
  • bitcoin-cashBitcoin Cash(BCH)$238.584.53%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$27,010.003.19%
  • chainlinkChainlink(LINK)$7.852.57%
  • shiba-inuShiba Inu(SHIB)$0.0000071.48%
  • daiDai(DAI)$1.00-0.07%
  • true-usdTrueUSD(TUSD)$1.000.07%
  • leo-tokenLEO Token(LEO)$3.66-0.07%
  • uniswapUniswap(UNI)$4.414.62%
  • avalanche-2Avalanche(AVAX)$9.253.80%
  • stellarStellar(XLM)$0.1136161.64%
  • moneroMonero(XMR)$145.62-0.40%
  • okbOKB(OKB)$43.110.81%
  • Aerarium FiAerarium Fi(AERA)$7.15-13.10%
  • binance-usdBUSD(BUSD)$1.000.12%
  • ethereum-classicEthereum Classic(ETC)$15.802.96%
  • BSCEXBSCEX(BSCX)$237.310.49%
  • cosmosCosmos Hub(ATOM)$7.112.29%
  • hedera-hashgraphHedera(HBAR)$0.0495800.86%
  • filecoinFilecoin(FIL)$3.303.59%
  • GGTKNGGTKN(GGTKN)$0.1121310.76%
  • lido-daoLido DAO(LDO)$1.599.05%
  • internet-computerInternet Computer(ICP)$3.065.12%
  • makerMaker(MKR)$1,513.362.37%
  • crypto-com-chainCronos(CRO)$0.0506311.46%
  • quant-networkQuant(QNT)$89.510.85%
  • MantleMantle(MNT)$0.3965972.56%
  • AptosAptos(APT)$5.331.20%
  • vechainVeChain(VET)$0.0168382.71%
  • ArbitrumArbitrum(ARB)$0.898.67%
  • optimismOptimism(OP)$1.324.75%
  • nearNEAR Protocol(NEAR)$1.102.99%
  • EdgecoinEdgecoin(EDGT)$1.00-0.03%
  • KaspaKaspa(KAS)$0.0471471.09%
  • aaveAave(AAVE)$65.969.81%
  • Rocket Pool ETHRocket Pool ETH(RETH)$1,788.973.28%
  • BitDAOBitDAO(BIT)$0.592.96%
  • the-graphThe Graph(GRT)$0.0869752.33%
  • algorandAlgorand(ALGO)$0.0975932.47%
  • WhiteBIT CoinWhiteBIT Coin(WBT)$5.18-0.02%
  • usddUSDD(USDD)$1.000.15%
  • blockstackStacks(STX)$0.4828025.93%
  • xdce-crowd-saleXDC Network(XDC)$0.048964-1.75%
  • immutable-xImmutableX(IMX)$0.581.81%
  • fraxFrax(FRAX)$1.00-0.05%
  • havvenSynthetix Network(SNX)$2.072.74%
  • elrond-erd-2MultiversX(EGLD)$24.795.08%
  • sapphireSapphire(SAPP)$0.7035.32%
  • theta-tokenTheta Network(THETA)$0.642.73%
  • eosEOS(EOS)$0.572.18%
  • Bitget TokenBitget Token(BGB)$0.4557511.47%
  • tezosTezos(XTZ)$0.672.60%
  • the-sandboxThe Sandbox(SAND)$0.3048631.92%
  • CloutContractsCloutContracts(CCS)$52.461,000.00%
  • radixRadix(XRD)$0.060020-3.90%
  • bitcoin-cash-svBitcoin SV(BSV)$31.971.66%
  • injective-protocolInjective(INJ)$7.262.07%
  • axie-infinityAxie Infinity(AXS)$4.511.61%
  • thorchainTHORChain(RUNE)$1.9212.06%
  • render-tokenRender(RNDR)$1.523.28%
  • decentralandDecentraland(MANA)$0.2974851.79%
  • fantomFantom(FTM)$0.1889791.93%
  • neoNEO(NEO)$7.322.49%
  • marumaruNFTmarumaruNFT(MARU)$0.25242622.62%
  • gatechain-tokenGate(GT)$3.66-5.22%
  • kavaKava(KAVA)$0.632.75%
  • ecasheCash(XEC)$0.0000252.48%
  • paxos-standardPax Dollar(USDP)$1.000.05%
  • compound-ethercETH(CETH)$33.293.89%
  • pax-goldPAX Gold(PAXG)$1,874.49-0.29%
  • flowFlow(FLOW)$0.4481881.99%
  • tether-goldTether Gold(XAUT)$1,868.36-0.56%
  • binaryxBinaryX(BNX)$165.94-5.94%
  • curve-dao-tokenCurve DAO(CRV)$0.520.94%
  • Halo CoinHalo Coin(HALO)$0.057352-0.04%
  • kucoin-sharesKuCoin(KCS)$4.612.77%
  • convex-crvConvex CRV(CVXCRV)$1.47183.77%
  • frax-shareFrax Share(FXS)$5.953.35%
  • apecoinApeCoin(APE)$1.197.77%
  • rocket-poolRocket Pool(RPL)$22.041.11%
  • Frax EtherFrax Ether(FRXETH)$1,645.633.38%
  • iotaIOTA(MIOTA)$0.1528002.97%
  • chilizChiliz(CHZ)$0.0583972.47%
  • Rollbit CoinRollbit Coin(RLB)$0.12294413.95%
  • Tokenize XchangeTokenize Xchange(TKX)$4.861.88%
  • First Digital USDFirst Digital USD(FDUSD)$1.000.04%
  • huobi-tokenHuobi(HT)$2.42-0.17%
  • terra-lunaTerra Luna Classic(LUNC)$0.000065-1.12%
  • mina-protocolMina Protocol(MINA)$0.3755831.93%
  • bittorrentBitTorrent(BTT)$0.0000001.71%
  • klay-tokenKlaytn(KLAY)$0.1135921.63%
  • DogechainDogechain(DC)$0.001787-24.98%
  • galaGALA(GALA)$0.0134742.30%
  • SuiSui(SUI)$0.4478173.16%
  • casper-networkCasper Network(CSPR)$0.0312150.60%
  • gmxGMX(GMX)$37.565.81%
  • dydxdYdX(DYDX)$1.933.22%
  • compound-governance-tokenCompound(COMP)$49.1921.78%
  • Coinbase Wrapped Staked ETHCoinbase Wrapped Staked ETH(CBETH)$1,728.523.34%
  • trust-wallet-tokenTrust Wallet(TWT)$0.772.57%
  • Nexus MutualNexus Mutual(NXM)$47.533.53%
  • apenftAPENFT(NFT)$0.0000000.72%
  • Staked Frax EtherStaked Frax Ether(SFRXETH)$1,744.093.44%
  • nexoNEXO(NEXO)$0.55-1.94%
  • dashDash(DASH)$26.862.03%
  • PepePepe(PEPE)$0.000001-0.38%
  • CyberHarborCyberHarbor(CHT)$10.12-49.84%
  • gemini-dollarGemini Dollar(GUSD)$1.000.00%
  • woo-networkWOO Network(WOO)$0.1663812.12%
  • WEMIXWEMIX(WEMIX)$0.91-0.49%
  • zilliqaZilliqa(ZIL)$0.0170131.92%
  • safemoonSafeMoon [OLD](SAFEMOON)$0.0000000.05%
  • 1inch1inch(1INCH)$0.2686064.35%
  • Shib Original VisionShib Original Vision(SOV)$0.00000012.40%
  • arweaveArweave(AR)$4.222.56%
  • FlareFlare(FLR)$0.010857-0.45%
  • pancakeswap-tokenPancakeSwap(CAKE)$1.171.82%
  • conflux-tokenConflux(CFX)$0.1251922.64%
  • gnosisGnosis(GNO)$100.603.35%
  • liquity-usdLiquity USD(LUSD)$0.990.02%
  • basic-attention-tokenBasic Attention(BAT)$0.1732062.94%
  • AstarAstar(ASTR)$0.0487834.91%
  • IdeaChainIdeaChain(ICH)$4.730.00%
  • ftx-tokenFTX(FTT)$1.89-21.52%
  • Crypto Gladiator LeagueCrypto Gladiator League(CGL)$0.16194440.57%
  • Utility Web3ShotUtility Web3Shot(UW3S)$0.4725710.00%
  • convex-financeConvex Finance(CVX)$3.060.16%
  • flex-coinFLEX Coin(FLEX)$2.48357.01%
  • tomiNettomiNet(TOMI)$3.24-0.43%
  • huobi-btcHuobi BTC(HBTC)$26,944.002.54%
  • SafePalSafePal(SFP)$0.571.45%
  • WorldcoinWorldcoin(WLD)$1.802.39%
  • illuviumIlluvium(ILV)$39.852.94%
  • qtumQtum(QTUM)$2.233.74%
  • bitcoin-goldBitcoin Gold(BTG)$13.371.48%
  • Manchester City Fan TokenManchester City Fan Token(CITY)$11.87-1.78%
  • oec-tokenOKT Chain(OKT)$13.042.15%
  • nemNEM(XEM)$0.0257633.16%
  • chiaChia(XCH)$26.940.95%
  • celoCelo(CELO)$0.4517821.68%
  • world-mobile-tokenWorld Mobile Token(WMT)$0.2920233.33%
  • compound-usd-coincUSDC(CUSDC)$0.0230760.04%
  • escoin-tokenEscoin(ELG)$2.69-0.17%
  • fetch-aiFetch.ai(FET)$0.2178433.69%
  • Meerkat SharesMeerkat Shares(MSHARE)$11,715.17-5.03%
  • mx-tokenMX(MX)$2.254.01%
  • ecomiECOMI(OMI)$0.0008260.53%
  • DeFiChainDeFiChain(DFI)$0.2974892.36%
  • compound-usdtcUSDT(CUSDT)$0.0190980.00%
  • enjincoinEnjin Coin(ENJ)$0.2222351.06%
  • singularitynetSingularityNET(AGIX)$0.1793582.24%
  • Staked LunaStaked Luna(STLUNA)$88.35-0.49%
  • tether-eurtEuro Tether(EURT)$1.060.72%
  • mask-networkMask Network(MASK)$2.664.04%
  • loopringLoopring(LRC)$0.1750852.15%
  • SeiSei(SEI)$0.1198143.33%
  • decredDecred(DCR)$13.623.40%
  • theta-fuelTheta Fuel(TFUEL)$0.0335942.50%
  • Bone ShibaSwapBone ShibaSwap(BONE)$0.84-2.28%
  • oasis-networkOasis Network(ROSE)$0.0414331.89%
  • Access ProtocolAccess Protocol(ACS)$0.002065-3.42%
  • zcashZcash(ZEC)$26.331.47%
  • heliumHelium(HNT)$1.430.54%
  • Ankr Staked ETHAnkr Staked ETH(ANKRETH)$1,925.73-2.13%
  • aragonAragon(ANT)$5.114.28%
  • terra-luna-2Terra(LUNA)$0.53-4.43%
  • justJUST(JST)$0.0225902.31%
  • telosTelos(TLOS)$0.76-4.60%
  • CoinmetroCoinmetro(XCM)$0.66506.72%
  • olympusOlympus(OHM)$11.36-0.33%
  • ethereum-name-serviceEthereum Name Service(ENS)$7.572.80%
  • Aleph ZeroAleph Zero(AZERO)$0.791.68%
  • ankrAnkr Network(ANKR)$0.0193002.07%
  • osmosisOsmosis(OSMO)$0.3110912.29%
  • SifchainSifchain(EROWAN)$0.154725-4.65%
  • BeldexBeldex(BDX)$0.0332751.31%
  • moonbeamMoonbeam(GLMR)$0.246727-2.88%
  • FUBT TokenFUBT Token(FUC)$2.09-1.05%
  • akash-networkAkash Network(AKT)$0.848.42%
  • BolideBolide(BLID)$0.029333-6.99%
  • stepnSTEPN(GMT)$0.1540773.22%
  • holotokenHolo(HOT)$0.0010331.28%
  • DEIDEI(DEI)$1.000.13%