Bitcoin celebrities defended cryptocurrency mining and issued a co-signed letter last month to counterattack US lawmakers urging government observers to investigate the practice.
Twitter founder and Bitcoin champion Jack DorseyCEO of Bitcoin Collecting MicroStrategy Michael sailorAnd other Mondays letter [PDF] that is, Note [PDF] Last month, it was sent to the US Environmental Protection Agency (EPA) by Congressman Jared Huffman (D-CA) and dozens of other Democrats.
In that first letter, Huffman and his colleagues investigated the Proof of Work cryptocurrency mining facility in the EPA to comply with US laws such as the Clean Air Act and the Clean Water Act, and have a significant impact on climate change. Asked to make sure you didn’t give. Proof of Work cryptocurrencies include Bitcoin, Ethereum and Monero. Ethereum, for example, plans to move to a more energy-efficient and complete proof-of-stake approach.
Cryptocurrency superfan counter-arguments have a response to all claims in Huffman’s letter, and it provides some statistics, etc., but most of the responses are cryptocurrency critics how it’s all about. Rely on claiming that you simply don’t understand how it works.
For example, a letter of rebuttal claims that Congress does not understand the process flow of making digital money, and that the mining industry itself does not generate large carbon dioxide emissions. This is the responsibility of the utility to continue to use fossil fuels instead of more environmentally friendly energy. To supply the power required for blockchain mining.
“Emissions are generated by power sources upstream of the data center. Digital asset miners, like Microsoft and other data center operators, simply buy power from the grid,” the letter said. It has been done.
The politician’s letter contains two examples of power generation giants using fossil fuels to mine their own coins. One uses ameren Surplus power Converted from a coal fuel station for Bitcoin mining in Missouri and other Greenwich coal-fired power plants in New York to a gas-based plant Cryptographic operation..
These are not the only power plants that burn fossil fuels to mine crypto.The coal-fired power plant in Montana, which was scheduled to be closed, The remaining Promote cryptocurrency mining.
“No pollutants containing CO2, Released by Digital Asset Mining. Bitcoin miners have no emissions at all, “the counterargument argued.
The letter also challenged an estimate of the amount of electrical energy consumed by a single Bitcoin transaction. Congressional notes said it could “power the average US home” for a month ( 2 months or more At the time of writing). Again, the counter-argument tried to answer the question by saying that the frame was inadequate.
“This is clearly a mistake. Bitcoin transactions do not carry an” energy payload “. Bitcoin transactions cannot be “exchanged” for energy, “the counterargument said.
When asked by Register Huffman said he felt unconvincing about what he thought about the letter of rebuttal, claiming that the mining industry in particular had no carbon dioxide emissions. “They seem to say it’s okay because we’re buying energy in the free market,” he told us.
Huffman said he is ready to talk to independent crypto mining proponents if non-investors who have an interest in the crypto world support it.
“It’s hard to understand who an honest broker is because all enthusiasts are investing,” Huffman said. “It’s great to find an independent scholar who hasn’t invested deeply in Bitcoin, but I could only find someone who has expressed concern about it.” ®