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

  • 📰 BTCTN
  • ⏱ Reading Time:
  • 39 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

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.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

❤️

And then another one said...

What's he mean by that

Yes, they DO plan to stick around

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 531. in US

United States United States Latest News, United States United States Headlines