While there seemed to be no political momentum behind a proper crackdown, pending climate legislation may well seek to address mining.In a much-anticipated hearing earlier today, Congress heard testimony on cryptocurrency mining.
"We cannot bring entire fossil fuel plants back online," said Rep. Frank Pallone, chairman of the full Energy Committee, of the return of peaker plants now used for Bitcoin mining."Particularly in light of cleaner blockchain technologies that already exist." And indeed, even the most caustic commentary from today’s hearing did not go so far as to advocate an explicit crackdown.
In contrast, Brian Brooks, CEO of Bitfury said that"decentralization is what crypto is all about, and Bitcoin is the most decentralized." It's a situation he explicitly attributed to Bitcoin. There was, nonetheless, considerable controversy over the witness list. Nic Carter, a partner at Castle Island Ventures and a person many in the crypto industry put forward to testify,to decry the hearing’s preparations, which did not include any of a number of mining companies that are publicly traded in the U.S.
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All the raw material, goods and products been there forever and cost of the prices was already high and now it’s even higher, and it will be much higher coming 2 years. So why crypto , silver , gold or stocks price is taking down?
Wtf Is a climate bill? Is it like an infrastructure bill? Nothing gets built and politicians get wealthy…honestly they are going to pass bills into their irrelevancey…it’s coming fast
How about gold mining