Witnesses Debate Crypto Mining's Efficiency in Congressional Hearing on Environment

Posted on by American Coins & Gold

Witnesses Debate Crypto Mining's Efficiency in Congressional Hearing on Environment
While some lawmakers grappled with the basics of digital assets, key issues about the definition of energy efficiency and how crypto miners are powered were debated on the floor of the House during Thursday’s Congressional hearing on the crypto industry’s environmental footprint.Before lawmakers can set policy on crypto currency energy consumptions, they need to grasp the fundamentals of digital assets.This was on full display at the two hour 15 minute hearing hosted by the Oversight and Investigations subcommittee in the House Energy and Commerce Committee that aimed to examine the environmental impact of crypto miningThe hearing featured Cornell Tech Professor…