The White House Wants Crypto Mining Companies To Share How Much Energy They Use To Win Regulators’ Favor
– The U.S. White House has released a report that details the environmental concerns around industrial-scale crypto mining.
– The report recommends that mining operations should be assessed for risk in accordance with federal energy standards, and that data should be made available to regulators.
– The report challenges the belief that mining will promote the development of more renewable energy sources.
– According to the report, global energy demands for crypto mining hover between 120 and 140 kilowatt-hours per year.
– The report notes that crypto mining is impacting local communities, including through air and noise pollution.
