LIVE BLOG: Congressional Hearing Puts Crypto Energy Use in the Crosshairs

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LIVE: The House EnergyCommerce Committee is evaluating crypto's energy use today. nikhileshde, cheyenneligon and Aoyon_A provide to-the-minute updates.

Crypto mining's energy use will be in the crosshairs Thursday as the House of Representatives Energy and Commerce Committee discusses its environmental impact. The Subcommittee on Oversight and Investigations will question five witnesses about proof-of-work consensus mechanisms, how crypto networks are powered and what tools or solutions exist to mitigate environmental impacts.

“The profitability of mining and the increase of the value of [proof-of-work] cryptocurrencies over time supports massive investments in mining facilities, which require ever-increasing amounts of energy to power and cool machines,” a hearing memo said.

 

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EnergyCommerce nikhileshde cheyenneligon Aoyon_A DOT traded at $24.72 and the alt saw a 27.06% ROI. The RSI stood at the 43-mark .DOT saw a likely upturn after the price tested the $23.11-mark. Mr. Timothy has been a good investor so far by increasing my crypto asset. He can be reached via telegram(timothyhamiltonofficial)

EnergyCommerce nikhileshde cheyenneligon Aoyon_A I think the upward reversal is already beginning. The same upward turn begins for the E8 project Energy8Token . In the near future we are waiting for the BIG PUMP after listing on the stock exchange. And now BETA testing of Minecraft. PlayToEarn ENERGY8 E8 POLYGON MATIC

EnergyCommerce nikhileshde cheyenneligon Aoyon_A Global warming activists will be all over this one 😂🥶

EnergyCommerce nikhileshde cheyenneligon Aoyon_A Oh, if all goes well then it will definitely help bitcoin mining, which means we have to wait for the pump

EnergyCommerce nikhileshde cheyenneligon Aoyon_A Haha! You guys were trippin me out. I thought I was going crazy with the HOT MIC during the beginning of the stream

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