Witnesses Debate Crypto Mining's Efficiency in Congressional Hearing on Environment

Lawmaker questions ranged from basics on blockchain to queries about different energy sources.

1/21/2022 3:20:00 AM

Witnesses at today's energycommerce hearing answered questions about blockchain basics and debated substantive queries about how to define crypto's energy efficiency alike. Aoyon_A egreechee report

Lawmaker questions ranged from basics on blockchain to queries about different energy sources.

Rep. Diana Degette (D-Co.) chaired Thursday's hearing on crypto's energy impact. (Andrew Harrer/Bloomberg via Getty Images)This was on full display at the two hour 15 minuteThe hearing featured Cornell Tech Professor Ari Juels, Soluna Computing CEO John Belizaire, BitFury CEO Brian Brooks, former Chelan County Public Utility District General Manager Steven Wright and Jordan Ramis shareholder Gregory Zerzan discussing the energy consumption related to the proof of work (PoW) consensus model to validate crypto currency transactions.

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