- Oct 25, 2021
- Reaction score
Elizabeth Warren Takes Aim at Bitcoin Mining Operations
The former law professor and the United States Democratic Party senator from Massachusetts,
On December 2, Warren
Crypto mining has huge environmental costs & is raising energy prices for consumers. Bitcoin alone consumes as much energy as Washington state. I’m calling on Bitcoin company [Greenidge Generation] to provide information on its operations & environmental impact.
Warren: ‘We Need to Better Understand How Much Energy Facilities Like Greenidge Are Using’
According to Bloomberg’s contributing author, Josh Saul, this “is the first time Warren has queried a specific miner.” The Massachusetts senator further told Bloomberg that lawmakers need to understand these mining facilities more. “We need to better understand how much energy facilities like Greenidge are using, how much they’re emitting into the environment, and what impact they’re having on electricity prices for American consumers,” Warren stressed.
The bitcoin miner Greenidge Generation has claimed on many occasions that the company leverages green solutions to mine bitcoin (
Greenidge is operated by Atlas Holdings, and the firm’s website explains that the firm purchases carbon offset credits. A number of other bitcoin mining operations also leverage carbon credit solutions and renewable energy solutions.
What do you think about the senator from Massachusetts, Elizabeth Warren, criticizing the bitcoin mining industry and sending a letter to the Greenidge CEO? Let us know what you think about this subject in the comments section below.