It’s always something with these watermelon nutjobs
White House: Bitcoin Mining Must Be Greener—Or US Should Ban It
The White House today suggested that U.S. lawmakers and regulators could soon crack down on cryptocurrency mining because of its large carbon footprint.
In a Thursday report, mandated by President Biden in an executive order in March, the White House Office of Science and Technology Policy said crypto miners should reduce greenhouse gas emissions, with help from the Environmental Protection Agency (EPA), the Department of Energy (DOE), and other federal agencies.
It proposed that the government collect more data on power usage from the industry, advance energy efficiency standards—and it promoted the “use of environmentally responsible crypto-asset technologies.”
But the White House also went as far to say that if measures to make mining greener don’t work, energy-intensive crypto mining, namely Bitcoin, could be banned altogether.
“Should these measures prove ineffective at reducing impacts, the Administration should explore executive actions, and Congress might consider legislation, to limit or eliminate the use of high energy intensity consensus mechanisms for crypto-asset mining,” the report said.
Well of course they’ll jump to banning it, which would then see the mining simply move to other countries. If they can’t handle the energy for this, how can they handle it for EVs?
(Barrons) The White House Office of Science and Technology Policy recommended in a report Friday that greenhouse gas emissions and other environmental impacts stemming from crypto “mining” should be limited. The team called for standards for low energy intensities, low water usage, low noise generation, clear energy usage by operators, and standards over carbon-free generation to match or exceed electricity load that tighten over time.
Mostly, it seems that these people who say Republicans are the Fascists want to control everything Bitcoin.
Bitcoin mining uses an ENORMOUS amount of electricity….and produces absolutely NOTHING tangible or of inherent value. Is it overreach by the control addicted commie left greenies? Yes. But it’s also an act that’s not without value.
For the same reason, we should shut down Atlantic city and Las Vegas.
I don’t know much about this because I tend to avoid fads, but this looks like something that will collapse under it’s own weight pretty soon, no matter what the government does.
Each bitcoin requires more energy and hardware investment to get. In the very near future the investment will be greater than the return. We may have already reached that point. People I know who are doing this are telling me that for their operations, it is already not economical.
But it’s a hell of a thing when a government dweeb gets to decide what is or is not a profitable use of other people’s time, energy and money. This is how innovation dies and why central controlled economies always fail.
I don’t think many people realky care one way or another on thst
However many peoe care about the abortion banning. That will be important in the elections.
Civics 101, John. If you’re talking about the SC decision, nothing was “banned”.
It was determined that it wasn’t a right, so the individual states can decide on their own. You know, that Constitution thing…
The commie dems always hated the working class.
Now THEY’re trying to eliminate the jobs of hard-working bitcoin miners just like THEY canceled millions of hard-working coal miners, all to support the global warming scam.
Leave the miners alone, Joe!! What happens when we are no longer mining bitcoins? Do you think they appear out of thin air?
First THEY came for the coal miners and we did nothing. Next THEY came for the bitcoin miners. Will we do nothing? What’s next? Will THEY go after Blockchain?
Apparently the Big Guy isn’t getting his 10%.
#HeilBrandon