House Lawmakers Send Letters to 4 U.S. Crypto Miners Asking for Details on Environmental Impact

โ€œBlockchain technology holds immense promise that may make our personal information more secure and economy more efficient,โ€ the letters said. โ€œHowever, the energy consumption and hardware required to support [Proof-of-Work]-based cryptocurrencies may, in some instances, produce severe externalities in the form of harmful emissions and excess electronic waste (e-waste).โ€

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