Eco-activists called on U.S. authorities to limit Bitcoin mining

According to recent reports, the carbon footprint of the mining industry in the U.S. equals the emissions of 6 million cars per year

Eco-activists called on U.S. authorities to limit Bitcoin mining

Eco-activists have urged U.S. authorities to consider a ban on new cryptocurrency mining operations to help protect the planet from climate change. Environmentalists released a new report based on publicly available documents, utility reports, regulations and financial information, as well as press reports and testimony from activists across the United States.

Environmental advocacy groups are trying to reduce their carbon footprint, but bitcoin mining could negatively impact their progress, said Jeremy Fisher, an energy analyst with 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, three times that of the largest coal-fired power plant in the United States, or roughly equal to the annual emissions from 6 million cars.

Nonprofits are concerned about the rapid growth of the mining industry in the U.S. since it was banned in China. Also, the report describes cases where bitcoin miners have extended the life of fossil-fuel power plants, caused higher electricity rates and overloaded power grids.

In early June, the New York State Senate had already passed legislation imposing a two-year moratorium on new Proof-of-Work mining farms that use carbon-based energy to open in the state. During the ban, the state will conduct a study of the environmental impact of PoW mining.

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