Energy Impact of Crypto Mining Addressed in US House Hearing, Five Industry Experts Submit Testimonies

The negative impact that crypto mining has put on power grids in several parts of the world, has become a matter of major concerns for many countries. The situation is the same in the US. Recently, five industry experts presented their testimonies before the US House Energy and Commerce Oversight Subcommittee. The topic was, “Cleaning Up Cryptocurrency: The Energy Impacts of Blockchains”. Since crypto mining needs to be performed on advanced computers, its power consumption rate is excessively high. Read More »

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