Biden Administration Expected to Publish Report on Bitcoin Mining and the Industry's Impact on Climate – Mining Bitcoin News

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The White House official said if DigitalCurrencies plan to stick around then it is important they are “developed responsibly.” CryptoMining PoW PoS

Biden Administration Expected to Publish Report on Bitcoin Mining and the Industry's Impact on Climate

According to a new report, U.S. president Joe Biden and his administration are focused on proof-of-work mining. The principal assistant director for energy for the White House Office of Science and Technology Policy discussed the research report on July 2, 2022. The OSTP official, Costa Samaras, said if digital currencies plan to stick around then it is important that these financial systems are “developed responsibly and minimizes total emissions.

“It’s important if this is going to be part of our financial system in any meaningful way, that it’s developed responsibly and minimizes total emissions,” Samaras told reporters at the news outlet Bloomberg Law. “When we think about digital assets, it has to be a climate and energy conversation.”

 

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Yes, they DO plan to stick around

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