Congress Announces Hearing On Bitcoin’s Energy Use

Congress Announces Hearing On Bitcoin’s Energy Use

The Bitcoin Policy Institute has recently issued a rebuttal to the letter that prompted the hearing.The U.S. Congress will hold a hearing on the energy use and environmental impact of bitcoin mining on January 20, its Energy and Commerce Oversight Subcommittee announced on Thursday.The move was prompted by a letter sent to the House in October by a cohort of national and international climate organizations that argued against the energy usage of Bitcoin and its Proof of Work (PoW) system.“We, the more than 70 climate, economic, racial justice, business and local organizations, write to you....


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