{"id":14970,"date":"2021-12-03T23:54:07","date_gmt":"2021-12-03T23:54:07","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/elizabeth-warren-queries-bitcoin-mining-operation-us-senator-says-crypto-miners-raise-environmental-concerns\/"},"modified":"2021-12-03T23:54:07","modified_gmt":"2021-12-03T23:54:07","slug":"elizabeth-warren-queries-bitcoin-mining-operation-us-senator-says-crypto-miners-raise-environmental-concerns","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/elizabeth-warren-queries-bitcoin-mining-operation-us-senator-says-crypto-miners-raise-environmental-concerns\/","title":{"rendered":"Elizabeth Warren Queries Bitcoin Mining Operation, US Senator Says Crypto Miners Raise Environmental Concerns"},"content":{"rendered":"

Senator Elizabeth Warren has written a letter to the CEO of the New York bitcoin mining firm Greenidge Generation, Jeff Kirt, asking for details on the company\u2019s emissions. Warren\u2019s letter insists \u201cGreenidge and other [bitcoin mining] plants raise concerns about their impacts on the global environment.\u201d<\/strong><\/p>\n

Elizabeth Warren Takes Aim at Bitcoin Mining Operations<\/h2>\n

The former law professor and the United States Democratic Party senator from Massachusetts, Elizabeth Warren<\/a>, has taken aim at cryptocurrency mining operations after she criticized digital currency markets in recent times. In mid-September, Warren pressed<\/a> the chairman of the Securities and Exchange Commission (SEC) to investigate increasing digital currency oversight. Warren has also denounced cryptocurrency mining in the past and she has cited<\/a> bitcoin mining\u2019s environmental impact on many occasions.<\/p>\n

On December 2, Warren shared a letter<\/a> she sent to the CEO of the New York bitcoin mining firm Greenidge Generation Holdings<\/a>, Jeff Kirt, with the news publication Bloomberg. \u201cGiven the extraordinarily high energy usage and carbon emissions associated with bitcoin mining, mining operations at Greenidge and other plants raise concerns about their impacts on the global environment, on local ecosystems, and on consumer electricity costs,\u201d Warren\u2019s letter explains. The U.S. senator also tweeted the Bloomberg article via her official Twitter account and further said<\/a>:<\/p>\n

Crypto mining has huge environmental costs & is raising energy prices for consumers. Bitcoin alone consumes as much energy as Washington state. I\u2019m calling on Bitcoin company [Greenidge Generation] to provide information on its operations & environmental impact.<\/p>\n

Warren: \u2018We Need to Better Understand How Much Energy Facilities Like Greenidge Are Using\u2019<\/h2>\n

According to Bloomberg\u2019s contributing author, Josh Saul, this \u201cis the first time Warren has queried a specific miner.\u201d The Massachusetts senator further told Bloomberg that lawmakers need to understand these mining facilities more. \u201cWe need to better understand how much energy facilities like Greenidge are using, how much they\u2019re emitting into the environment, and what impact they\u2019re having on electricity prices for American consumers,\u201d Warren stressed.<\/p>\n

The bitcoin miner Greenidge Generation has claimed on many occasions that the company leverages green solutions to mine bitcoin (BTC<\/a>). The Greenidge Generation power plant in Dresden, NY uses \u201cnatural gas to generate electricity.\u201d Furthermore, \u201cGreenidge Generation runs at new levels of thermodynamic efficiency, achieving historic lows in the cost of producing power,\u201d the company details<\/a>.<\/p>\n

Greenidge is operated by Atlas Holdings, and the firm\u2019s website explains that the firm purchases carbon offset credits. A number of other bitcoin mining operations also leverage carbon credit solutions and renewable energy solutions.<\/p>\n

What do you think about the senator from Massachusetts, Elizabeth Warren, criticizing the bitcoin mining industry and sending a letter to the Greenidge CEO? Let us know what you think about this subject in the comments section below.<\/strong><\/em><\/p>\n

Bitcoin News
\nNews, Atlas Holdings, Bitcoin, Bitcoin (BTC), Bitcoin mining, BTC, BTC Mining, Carbon Credits, Elizabeth Warren, elizabeth warren bitcoin, Elizabeth Warren BTC Mining, Elizabeth Warren mining, environment, environmental impact, global environment, green mining, Greenidge, Greenidge CEO, Greenidge Generation, Jeff Kirt, Massachusetts senator, politicians, Renewable Energy, renewable energy solutions<\/p>\n","protected":false},"excerpt":{"rendered":"

Senator Elizabeth Warren has written a letter to the CEO of the New York bitcoin mining firm Greenidge Generation, Jeff Kirt, asking for details on the company\u2019s emissions. Warren\u2019s letter insists \u201cGreenidge and other [bitcoin mining] plants raise concerns about their impacts on the global environment.\u201d Elizabeth Warren Takes Aim at Bitcoin Mining Operations The…<\/p>\n","protected":false},"author":0,"featured_media":14971,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-14970","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/14970"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=14970"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/14970\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/14971"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=14970"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=14970"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=14970"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}