BlockNews
FOLLOW ON X
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
Home CRYPTO

Bitcoin: Energy & Opposition

by BlockNews Team
June 27, 2022
in CRYPTO
Reading Time: 3 mins read
A A
1
SHARES
11
VIEWS
Share on XShare in TelegramShare on Reddit

There are so many varying reports from environmentalists all over the world concerning the energy consumption of Bitcoin. You hear things like, “Bitcoin uses more energy than…insert country here”, all the time. The reason there are many different opinions on how much energy Bitcoin uses is that it is a very complex question and a standard equation to make any definitive conclusions just doesn’t exist at the moment. Historically, any deductions that are made are simply educated guesses that are arrived at by utilizing such things as numbers derived from BTC’s hash rate, (I.e., the computational power needed to process all transactions), and assuming the energy requirements of the hardware that the miners might be using in a specific area.

There are also claims that BTC usage contributes to a very large amount of carbon emissions and overall pollution as well. While in the past this was most certainly true since China enacted a regulation banning crypto mining in their country the ecosystem has naturally been allowed to move closer to renewable energies. The fact that the United States is now #1 in the world in BTC mining operations highlights that notion even further and reinforces the ever-advancing green promise. Of course, there are examples of certain “hiccups” when it comes to the greener energy move, such as Kazakhstan’s (#3 in BTC worldwide hash rate) 50% coal-derived energy usage in PoW mining, this is an example of, and it needs to be noted that as long as the majority of mining continues to expand in countries that are more environmentally cautious, we’re on the right track.

With so much future potential for cleaner energy use in crypto, it seems as though what we also need is a recasting in the narrative as well as greener facilities. This of course will take some time to fully adapt to; however, many regulators simply aren’t willing to wait for already progressing organic transitioning.  

In April 2022 while seemingly overlooking the ever-advancing societal potential value of Bitcoin, over two dozen Democratic House legislators wrote a letter to the EPA (Environmental Protection Agency) pleading with them to ensure that mining companies comply with the Clean Air and Water Acts. They noted their “serious” concerns regarding proof-of-work (PoW) mining facilities utilizing too much energy and being responsible for polluting communities around the United States. They also recommend switching to proof-of-stake (PoS) algorithms in its stead – which utilizes 99.99% less energy-intensive technologies – and claim that efforts to undermine their combat of the climate crisis are underway by some wanting to re-opening gas and coal plants for power.

In response, a rebuttal letter – penned by BTC miners and crypto industry experts, such as Michael Saylor – claim that these legislators failed to be clear in their messaging about the basic principles of PoW mining operations. They added that the fact that these mining operations are no different than the data centers operated by big tech companies, leads them to believe that lawmakers are purposely conflating key information and are conveying unnecessary confusion on the matter. Their message goes on to state that the pollution stems from the source of the energy generation and that these mining centers are simply buying electricity “upstream”.

These regulators of course also fail to mention that PoS isn’t as secure as PoW and are solely focused on the energy aspect, and while the environment is a very important topic to focus on, you just can’t ignore the fact that when it comes to financial systems you’d want security to be of the utmost importance.

It seems as though this may be much more of a political maneuver on the part of these regulators as there are already channels in place to regulate energy generation facilities on all levels – local, state, and federal. This crackdown by lawmakers is well-intended yet badly executed and it appears as if many of them are simply “playing politics” or are just not as educated on the matter as they should be for such discourse.

Tags: BitcoinBTCcryptoEPApollutingupstream
TweetShareShare
Previous Post

Celcius in Trouble

Next Post

Investors face $1 Billion losses in a year

DON'T MISS THESE! HOT OFF THE PRESS

Litecoin Jumps 10%—Can a $100M Bet From a Biotech Company Kick Off a Bigger Rally?
CRYPTO

Litecoin Jumps 10%—Can a $100M Bet From a Biotech Company Kick Off a Bigger Rally?

July 18, 2025
Here’s Why Dogecoin’s Jumping Again Today
CRYPTO

Here’s Why Dogecoin’s Jumping Again Today

July 18, 2025
PEPE’s Making Noise, But Is RTX the Sleeper Hit of 2025?
CRYPTO

PEPE’s Making Noise, But Is RTX the Sleeper Hit of 2025?

July 18, 2025
Is Polkadot Dead or Just Getting Started? Here is the Shocking Truth
CRYPTO

Is Polkadot Dead or Just Getting Started? Here is the Shocking Truth

July 18, 2025
President Trump Says Crypto is Good for the Dollar, Claiming Genius Act Will Ensure America’s Dominance
CRYPTO

President Trump Says Crypto is Good for the Dollar, Claiming Genius Act Will Ensure America’s Dominance

July 18, 2025
President Trump Officially Signs Genius Act Into Law: Here is Why This is Game Changing
CRYPTO

President Trump Officially Signs Genius Act Into Law: Here is Why This is Game Changing

July 18, 2025
Load More

Related News

Litecoin Jumps 10%—Can a $100M Bet From a Biotech Company Kick Off a Bigger Rally?

Litecoin Jumps 10%—Can a $100M Bet From a Biotech Company Kick Off a Bigger Rally?

July 18, 2025
Here’s Why Dogecoin’s Jumping Again Today

Here’s Why Dogecoin’s Jumping Again Today

July 18, 2025
PEPE’s Making Noise, But Is RTX the Sleeper Hit of 2025?

PEPE’s Making Noise, But Is RTX the Sleeper Hit of 2025?

July 18, 2025
Is Polkadot Dead or Just Getting Started? Here is the Shocking Truth

Is Polkadot Dead or Just Getting Started? Here is the Shocking Truth

July 18, 2025
President Trump Says Crypto is Good for the Dollar, Claiming Genius Act Will Ensure America’s Dominance

President Trump Says Crypto is Good for the Dollar, Claiming Genius Act Will Ensure America’s Dominance

July 18, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano Chainlink China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve Finance FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Web3 X xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • HOME
  • CRYPTO
  • MEMECOINS
  • TECHNOLOGY
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.