First U.S. House Hearing On Bitcoin Mining Shows Misunderstandings
A lack of knowledge on proof of work prevailed by most Representatives as they questioned the energy use of bitcoin mining.The first Congressional hearing on bitcoin mining took place on Thursday after a U.S. House subcommittee scheduled it to get a better understanding of the environmental impacts of the industry.Rep. Diana DeGette, a Democrat from Colorado, said in her opening statement that despite the promising applications of Bitcoin and blockchain technology, mining’s energy usage and carbon emissions ought to be at the forefront of all discussions about cryptocurrency.“We cannot....
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A diverse set of bitcoin mining insiders and outsiders will testify at the House tomorrow.
Crypto allies dominate the list of witnesses slated to appear before the House Committee on Energy and Commerce. As U.S. Congress is preparing to take a thorough look at the energy use of crypto mining, the list of witnesses for the Thursday hearing contains more proponents of blockchain technology than its outright critics.The House Energy and Commerce Oversight Subcommittee announced a hearing on “Cleaning Up Cryptocurrency: The Energy Impacts of Blockchains” last week, with the event itself scheduled for Jan. 20. The focus of the hearing will be on the energy and environmental effects....
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While performing a search on the internet, it is currently easy to find articles exploring whether Mining City is a Ponzi scheme or not. There are indeed some misunderstandings and bad press, but you have to keep a cool head. You should take a look at Mining City objectively, weigh all the arguments, ignore the […]
According to a recent report from Gartner, blockchain is currently at the peak of a hype cycle. At NRI, we have witnessed how this technology is misunderstood, and how it is at times either overestimated or underestimated. We have seen this during our continued investigative research on blockchain technology in the Japanese domestic securities field since the end of 2015. It’s about time to clarify all the misunderstandings around blockchain and its future. I would like to suggest how such misunderstandings can be effectively addressed, based on my extensive experience as a researcher at a....