Tag: crypto assets

Cryptocurrency’s Energy Consumption Problem

Cryptocurrency has an energy consumption problem. Bitcoin alone is estimated to consume 127 terawatt-hours (TWh) a year — more than many countries, including Norway. Decarbonizing the crypto industry thus remains essential to achieving a safe climate future. With lawmakers increasingly looking at the effects of Bitcoin mining, from both an environmental and grid-resiliency perspective, lowering energy usage of this crypto currency is a must.

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Climate and Energy Implication of US Crypto-Assets: Report

The Executive Order directed the White House Office of Science and Technology Policy (OSTP), in coordination with other federal agencies, to produce a report on the climate and energy implications of crypto-assets in the United States. OSTP assembled an interdisciplinary team of experts to assess and extend existing studies with new analysis, based on peer-reviewed studies and the best available data.

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