Rep. Cathy Rodgers (R-Wash.), who began the hearing with an off-topic speech about inflation, COVID-19 and President Joe Biden, asked about the potential of blockchain to protect citizens’ privacy, as well as the potential adverse impact of regulation on job and investment growth. Rep. Annie Kuster (D-N.H.) inquired about innovations that could stem from bitcoin mining and … [Read more...] about Witnesses Debate Crypto Mining’s Efficiency in Congressional Hearing on Environment
Minings
US Congress Organizing Oversight Hearing on Crypto Mining’s Environmental Footprint: Report
The Oversight and Investigations subcommittee of the House Energy and Commerce Committee is currently drawing up a list of witnesses. They will be questioned about the energy use of proof-of-work mining, the type of mining used for bitcoin, according to the report. Source link … [Read more...] about US Congress Organizing Oversight Hearing on Crypto Mining’s Environmental Footprint: Report
BIT Mining’s Q4 Revenue to Fall Due to Its Mining Pool Exiting China
Hong Kong-based cryptocurrency miner BIT Mining (BTCM) said fourth-quarter revenue will fall 10% to 20%, as its mining pool business, BTC.COM, completely exited the Chinese market.“The company is working on solutions with its existing users in China, such as migrating such users’ mining machines to overseas markets, so that they may have access to our services in a compliant … [Read more...] about BIT Mining’s Q4 Revenue to Fall Due to Its Mining Pool Exiting China