Elizabeth Warren explores greenidge mining – Bits Media

Massachusetts Senator Elizabeth Warren has expressed concern about the environmental impact of Greenidge Generation Holdings and other mining operations..

In a letter to Greenidge CEO Jeffrey Kirt (Jeffrey Kirt) Senator Elizabeth Warren (Elizabeth Warren) noted, what worries her is, how the company uses electricity and how its cryptocurrency mining operations impact the environment. Warren asked the company to provide details before 17 December.

“Given the extremely high energy consumption and carbon emissions, related to Bitcoin mining, Greenidge and other mining operations raise concerns about their environmental impact, local ecosystems and the level of energy costs for consumers", – she wrote in a letter.

In July of this year, Greenidge's work came under criticism. Environmentalists and New Yorkers protested, for the company to burn natural gas to mine BTC. They're worried, what is the temperature of Seneca Lake in northern New York, on the banks of which the Greenidge mining farms are located, has increased significantly since then, how bitcoin mining began in the region.

Warren emphasized, that the amount of energy, consumed when mining bitcoins, comparable to the amount of energy, used by Denmark, Chile, Argentina or Washington. In her opinion, Estimated annual electricity use for Bitcoin mining has more than tripled since its inception. 2019 years to May 2021 of the year.

According to the survey, conducted by the Bitcoin Mining Council initiative group (BMC), which includes miners from North America, 56% Energy for Bitcoin mining comes from renewable sources.