Reading time: ~2 m
According to the latest reports, the carbon footprint of the mining industry in the United States is equal to the emissions of 6 million cars per year.
Eco-activists have urged the US authorities to consider imposing a ban on new cryptocurrency mining operations to help protect the planet from climate change, Reuters reports. Environmentalists have released a new report based on public records, utility reports, regulatory filings and financial information, as well as press reports and activist testimony across the United States.
Environmental groups are trying to reduce carbon emissions, but bitcoin mining could negatively impact their progress, says Jeremy Fisher, an energy analyst at the nonprofit Sierra Club and co-author of the report. The carbon footprint from mining, according to the document, was 27.4 million tons from mid-2021 to 2022, which is three times that of the largest coal-fired power plant in the United States, or approximately equal to the annual emissions from 6 million cars.
Representatives of non-profit organizations are concerned about the rapid growth of the mining industry in the US since it was banned in China. The report also describes cases where bitcoin miners extended the life of fossil fuel power plants, caused electricity tariffs to rise, and overloaded power grids.
In early June, the New York State Senate already passed legislation imposing a two-year moratorium on the opening of new Proof-of-Work mining farms in the state that use carbon energy. During the ban, the state will conduct a study on the environmental impact of PoW mining.
#Ecoactivists #urge #authorities #limit #bitcoin #mining