Elizabeth Warren questioned Bitcoin mining business, US Senator said crypto miners raised environmental issues – Bitcoin News

Elizabeth Warren questioned Bitcoin mining business, US Senator said crypto miners raised environmental issues – Bitcoin News


Senator Elizabeth Warren has written to Jeff Curt, CEO of Greenidge Generation, a Bitcoin mining company in New York, requesting detailed information about the company’s emissions.Warren’s letter insisted that “Greenwich and others [bitcoin mining] Plants have raised concerns about their impact on the global environment. “

Elizabeth Warren targets Bitcoin mining business

This former law professor and U.S. Democratic senator from Massachusetts, Elizabeth WarrenAfter she recently criticized the digital currency market, she targeted the cryptocurrency mining business. In mid-September, Warren Press down The chairman of the US Securities and Exchange Commission (SEC) investigates to strengthen the supervision of digital currencies. Warren has also condemned cryptocurrency mining in the past. She quoted Bitcoin mining has many environmental impacts.

December 2nd, Warren Shared a letter She sent it to the CEO of Bitcoin Mining Company in New York Greenidge Generation Holding Company, Jeff Curt, and the news publication Bloomberg. “Given the extremely high energy use and carbon emissions associated with Bitcoin mining, mining operations at Greenidge and other factories have raised concerns about their impact on the global environment, local ecosystems, and consumer electricity costs,” Warren’s letter Explained.The U.S. senator also posted a Bloomberg article on Twitter through her official Twitter account, and further Said:

Encrypted mining has huge environmental costs and is increasing energy prices for consumers. Bitcoin alone consumes as much energy as Washington State.I called the bitcoin company [Greenidge Generation] Provide information about its operations and environmental impact.

Warren: “We need to better understand how much energy facilities such as Greenidge use”

According to Bloomberg writer Josh Saul, this is “Warren’s first time questioning specific miners.” The Massachusetts senator further told Bloomberg that lawmakers need to learn more about these mining facilities. “We need to better understand how much energy is being used by energy facilities such as Greenidge, how much they emit into the environment, and how they affect the electricity prices of American consumers,” Warren emphasized.

Bitcoin miner Greenidge Generation has repeatedly claimed that the company uses green solutions to mine Bitcoin (Bitcoin). The Greenidge Generation power plant in Dresden, New York uses “natural gas to generate electricity.”In addition, “Greenidge Generation operates at a new level of thermodynamic efficiency, achieving the lowest level of power generation costs in history,” the company detail.

Greenidge is operated by Atlas Holdings, whose website explains that the company buys carbon offset credits. Many other Bitcoin mining operations also utilize carbon credit solutions and renewable energy solutions.

Tags in this story

Atlas Holdings, Bitcoin, Bitcoin (BTC), Bitcoin mining, Bitcoin, Bitcoin mining, Carbon credits, Elizabeth Warren, Elizabeth Warren Bitcoin, Elizabeth Warren BTC Mining, Elizabeth Warren Mining, environment, Environmental impact, Global environment, Green mining, Greenwich, Chief Executive Officer of Grinch, Hedgerow generation, Jeff Curt, Senator of Massachusetts, politician, Renewable Energy, Renewable energy solutions

What do you think of Senator Elizabeth Warren from Massachusetts criticizing the Bitcoin mining industry and writing to the CEO of Greenidge? Please tell us your thoughts on this topic in the comments section below.

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