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HomeBTCWhite House unveils role of crypto mining firms in carbon emission: Report

White House unveils role of crypto mining firms in carbon emission: Report

The White House just released a report that explains how crypto mining and other technologies contribute directly to pollution, greenhouse gas effect, noise, and other hazardous environmental effects that get in the way of federal agency’s initiatives to attain a net-zero carbon emission that is in accordance with U.S. climate goals.

In the report, the White House details how crypto mining and other technologies contribute directly to pollution, greenhouse gas effect, noise, and other hazardous environmental effects.

The use of power was found to have increased by a factor of four in the previous month, which is equivalent to between 180 and 240 kph on an annual basis. In the meanwhile, Bitcoin mining activity in the United States has skyrocketed from 3.5% of total activity in 2020 to a staggering 38% of total activity today.

The aforementioned report was specifically compiled by the White House Office of Science and Technology as a response to the executive order that was issued by United States President Joe Biden. This executive order raises concerns and questions regarding the impact of crypto assets and technologies as well as their direct relationship to issues pertaining to climate change and energy in the United States.

The paper highlighted how the Biden administration and Congress may work together to guarantee the effective and safe use of high energy for crypto mining by passing executive directives and legislation. The report was commissioned by the Biden administration.

More than that, companies that mine cryptocurrencies, the Environmental Protection Agency (EPA), the Department of Energy (DOE), and other agencies that protect the environment should work together to design processes and technologies that significantly reduce the amount of unwanted pollution as well as other potentially harmful effects on the environment and the economy that are caused by cryptocurrency mining.

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Reporter
Jeewan Singh is CryptoShrypto’s content writer and a seasoned writer with over two years of experience in writing about Indian Securities Market. Jeewan's participation in Blockchain and Cryptocurrency started in late 2020, and he hasn't looked back since. The technical and economic outcomes of cryptocurrency are what spark his curiosity, and he keeps one eye on the market.
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