A group of 8 institutions devoted to saving the environment has contacted diverse government-based organizations operating under the Biden administration to impose the latest methods to confront the PoW (proof-of-work) as well as the rest of the activities dealing with crypto mining.
On Monday, the United States Office of Science and Technology Policy received a letter from the Milwaukee Riverkeeper, the Seneca Lake Guardian, Friends of the Earth, the Sierra Club, the League of Conservation, Greenpeace, Earthjustice, and the Environmental Working Group, in which it was urged by the respective venues to implement policies targeting at eliminating the use of electricity as well as environmental pollution linked to digital currencies that are reliant on proof-of-work.
Particularly, the institutions asserted that crypto mining throughout the United States caused damage to communities by the enormous demand for energy gathered out of fossil fuels, and hazardous supply chains that demand application-based ICs in the mining rigs, causing a substantial data wastage, and would not assist in the transformation to renewable power. The respective group recommended that EPA (Environmental Protection Agency) should enforce strict restrictions on the mining companies while providing them the permits for carrying out their operations.
In this way, they added, the hazards posed by the large amounts of power wastage by crypto mining would be minimized to a great extent. They also noted that a lot of noise is produced by the operations of mining rigs. Apart from this, the Office of Information and Regulatory Affairs (which is a sub-branch of the Office of Management and Budget) was requested on their behalf to establish a registry for several PoW mining activities in an attempt to make the companies reveal their power sources as well as the quantities.
The rest of the recommendations took into account the implementation of standards of energy efficiency for PoW miners, with imposing restrictions concerning overtime to ultimately discard proof-of-work mining. Nonetheless, the biggest recommendation appeared to be made for the Commodity Futures Trading Commission and the Securities and Exchange Commission, asking the financial watchdogs to restrict crypto exchanges in the listing of digital assets by the enforcement of particular electricity and environmental standards.
The government in the United States is at the moment contemplating introducing a bill to put a two-year prohibition over the unique PoW mining services across the state with the utilization of carbon-based energy to do their activities.
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