The http xnxx de"good times" for crypto miners really do seem to be coming to an end.
Just last month it was reportedthat Bitcoin miners were selling off more Bitcoin than they were bringing in in order to cover their energy costs during the crypto crash, which saw the token plummet in value. With energy costs rising as well, mining companies were seeing profits dwindle from their mining endeavors.
Now, cryptocurrency miners have a new issue on their hands: U.S. Congress.
Congressional Democrats, led by Senator Elizabeth Warren of Massachusetts, are looking into crypto mining requirements that would force mining companies to report their energy usage.
Senator Warren, along with five other Democratic members of Congress, wrote a letterto the Environmental Protection Agency and Department of Energy requesting that the two agencies work together to create rules requiring crypto mining companies to report on their energy use and emissions data.
The move comes, according to the New York Times, after an investigation into seven of the United States' largest Bitcoin mining companies. The inquiry found that these Bitcoin miners are heading towards using up "as much as 1,045 megawatts of power, or enough electricity to power all the residences in a city the size of Houston." Houston is Texas' most populous city and the fourth largest in the country with more than 2.3 million residents.
"The results of our investigation, which gathered data from just seven companies, are disturbing, with this limited data alone revealing that cryptominers are large energy users that account for a significant – and rapidly growing – amount of carbon emissions," reads the letter.
The letter points out that miners' energy use is also passing on additional costs for those who live and work in the cities where they are based. Notably, the Electric Reliability Council of Texas (ERCOT), which operates Texas' power grid has had to ask crypto minersin the state to voluntarily shut down operations when energy demands spike due to heatwaves.
The largely-unregulated cryptocurrency mining industry uses massive amountsof energy due to the high-powered computer processing power necessary in order to validate transactions on the blockchain. In exchange for successfully guessing the random string of numbers required to put a block on the chain, miners are rewarded with Bitcoin. As time goes on, this process becomes more difficult and the Bitcoin remuneration will be cut in half.
According to the report, one mining company, Marathon Digital Holdings plans to grow its operation from its current 33,000 mining rigs to 199,000 rigs by early 2023. Right now, the company powers its operation thanks to a Montana-based energy company that generates electricity by burning coal.
With crypto miners set to use up even more energy in the near future, it seems Senator Warren's letter is a step towards monitoring the industry and possibly passing regulations to curtail at least some of its more destructive behavior.
Topics Cryptocurrency Politics
Apple is removing all vaping apps from its App Store
The Quest to Make a Better Video Game Controller
8 Years Later: Does the GeForce GTX 580 Still Have Game in 2018?
Save 20% on the Ninja Thirsti Max and Dirty Soda packs
Shady meme says 'stop talking sh*t' and proceeds to talk sh*t
Welp, humanity had a good run: Humpback whales organize into mysterious 'super
Announcing Our New Editor in Chief, Matthew Shen Goodman
How to unblock Pornhub for free in Alabama
Back to School Tech Guide 2018
Your political views help determine which science books you buy
Listen to the eerie sounds of Mars recorded by a NASA rover
India gives legal human status to two of its oldest rivers
The 10 Most Anticipated PC Games of 2017
Owala FreeSip is without a doubt the best water bottle
Jennifer Aniston posts adorable throwback, proves she already has Instagram nailed
Comparing Team Communication Apps: What Do You Get for Free?
Why reindeer near the North Pole are shrinking
New solar eclipse simulator shows you what to expect this summer
Instagram deleted a post calling out predatory photographer for 'bullying'
Movies by Black creators to watch on Netflix
Is Ayo Edebiri Irish? A guide to the internet's best joke.Best Black Friday MacBook deals in 2024Best Black Friday iPad deal: Save $99 on the Apple iPad (10th Gen)Best free online courses from Harvard UniversityBest Black Friday TV deals: Samsung's The Frame on sale, plus TCL and Hisense Frame dupesBest Black Friday Apple Watch deals in 2024: Series 10, 9, and SE down to record lowsBest Black Friday deals under $25: Lego, Echo, CrockBlack Friday handheld gaming deals 2024: Steam Deck on saleBest Black Friday Kindle Paperwhite deal: Save $30 at AmazonBest Black Friday Xbox deals: Save big on Xbox consoles, games, and more The Rules Have Changed Best headphones deals: Sony, Apple, Soundcore and more Thiem vs. Shelton 2024 livestream: Watch US Open for free iPhone 16 September event date confirmed by Apple: 'It's Glowtime' Wordle today: The answer and hints for August 25 I Saw the Sign Pro-Woman, Anti-Worker Alcaraz vs. Li Tu 2024 livestream: Watch US Open for free The View from Pennsylvania Washington Mystics vs. Seattle Storm 2024 livestream: Watch live WNBA
0.142s , 8303.4921875 kb
Copyright © 2025 Powered by 【http xnxx de】Enter to watch online.Elizabeth Warren, Congressional Dems are coming for crypto miners,
