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Crypto coin tied to energy sector | 381 |
Crypto coin tied to energy sector | Advance Energy Efficiency Standards The report recommends that the current administration work with Congress to enable the DOE and encourage other federal regulators to promulgate and update energy conservation standards for crypto-asset mining and related operations. Thanks to its geographic flexibility, crypto mining can be located close to the source of energy generation. This range of electricity usage is similar to all home computers or residential lighting in the United States. China used to be the home base for the majority of Bitcoin mining operations. Proof of work gobbles up most of the energy that the crypto industry uses. This will accelerate the construction of efficient energy production sources and potentially also accelerate the cessation of inefficient sources. And burning through that much electricity generates greenhouse gas emissions that are heating up the planet. |
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Marketcap bitcoin gold | 546 |