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Author Topic: Environmental groups urge US government to take action on crypto miners  (Read 227 times)
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May 11, 2022, 06:47:05 AM
 #1

Among the proposals, the group of eight organizations requested the Environmental Protection Agency subject PoW mining firms to “stringent reviews” around operating permits.

As the crypto space continues to grow with many investors in the United States, industry leaders and lawmakers have stepped up to address issues around financial risks as well as the potential impact on the environment from Bitcoin (BTC) mining. In April, a group of 23 members of the House of Representatives sent a letter to the EPA saying the “rapidly expanding cryptocurrency industry needs to be held accountable” and alleging “cryptocurrency mining is poisoning our communities.”

The Bitcoin Mining Council responded with its own letter written by MicroStrategy CEO Michael Saylor to EPA administrator Michael Regan on May 2, claiming that the group of lawmakers had mistaken several key issues. The industry leader placed the alleged misconception on “power generating facilities” causing pollution, not BTC mining itself.


The New York State government is currently considering a bill that could place a two-year ban on all new PoW mining facilities in the state using carbon-based fuel to power their operations. Both the Sierra Club and Seneca Lake Guardian have pushed back against mining firm Greenidge Generation Holdings’ operations at the state’s Seneca Lake.

(Source: Cointelegraph)
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May 11, 2022, 07:24:59 AM
Merited by NotATether (5), Foxpup (2), tyz (2), BlackHatCoiner (2), aoluain (1)
 #2

Ahh yes, another letter based on the "research" of Alex de Vries, the individual who is employed by large banks who are pushing for CBDCs and receives payments from these large banks to write bullshit articles disparaging bitcoin, based on erroneous data, false data, or sometimes no data at all and just pure conjecture on his part. His "research" would be laughed out of most academic circles - biased, misleading, and sometimes entirely fabricated - but there seems to be no end to the number of people who will just believe anything they read and then write to Congress about it. Vries is literally on the payroll of a bank who wants bitcoin to fail. Believing his nonsense is the same as believing all the "research" which showed that smoking isn't bad for you, funded and published by the Tobacco Industry. Roll Eyes

Here are some links which explain why this is all complete bullshit:
https://bitcoinmagazine.com/business/bitcoin-energy-per-transaction-metric-is-misleading
https://bitcoinmagazine.com/culture/elon-musk-bitcoin-environment-wrong

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May 11, 2022, 08:49:56 AM
 #3

I think that environmental organizations should do their research or review existing research (not biased sponsored shit, but legit things) before putting up proposals. What are the most impactful areas in terms of climate change? Which are the easiest to change potentially? Which can be reduced rather than fully abolished? Which can be restructured or abandoned for the sake of better options? It's best to tackle big industries and make policies that would affect many agents on the market, rather than crack down on particular things, such as crypto mining IMO. I hope that there will be enough counteraction in the US.

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May 11, 2022, 09:22:23 AM
 #4

Among the proposals, the group of eight organizations requested the Environmental Protection Agency subject PoW mining firms to stringent reviews around operating permits.

Once again, they are only taking action against pollution sources which are "easy" to stop but whose total contribution to global pollution is very negligible, while ignoring the really big pollution emitters which are much more difficult to solve: factories.

You can't hide from the fact that old-fashioned 20th century industrial factories are one of the leading causes of pollution, because they were built during a time when nobody cared about this problem.

I know it sounds harsh but new energy-efficient factories must be built in their place and the old ones decommissioned, even if it comes at a cost to the bottom lines of those businesses (but hey, they don't seem to have a problem with that, hurtig the bottom lines of mining firms as they're already doing).

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May 11, 2022, 10:34:14 AM
Merited by BlackHatCoiner (2)
 #5

-snip-
No no no, you don't get it. Oil companies, mining companies, the military industry complex, plastic manufacturers, companies responsible for deforestation and dumping pollution directly in to rivers - these are all fine, because they sponsor our politicians, fund their campaigns, take them out for nice dinners, and so on. Bitcoin doesn't do these things, and so it is obviously by far the worst polluter in the world and must be relentless targeted, despite being a completely irrelevant and negligible fraction of even one of the companies belonging to the previously mentioned categories.

You want to completely offset the entire carbon dioxide production of the global bitcoin network several times over? Stop leaving your TV and cable box on stand by. That's it. I'd like to see anyone say the same thing about Exxon or Aramco. Roll Eyes

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May 11, 2022, 10:40:02 AM
 #6

US government is surely oppresing Bitcoin since they can’t control. Destroying Bitcoin by all possible means is what the government can only do to stop financial freedom. It's ironic how they stop crypto mining due to environment concern while the rest of the world contributes 99.999999% of pollution that worsening the climate change. I think they should propose a bill to reduce more carbon on factories to be fair on crypto mining industry.

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May 11, 2022, 11:12:22 AM
 #7

Lol! It's hilarious! It seems only crypto mining companies produce pollution and no one else does that. The heavy industries generate way more pollution than all crypto mining put together. But I believe the environmentalists are going crazy because most of the mining operations are for personal benefits rather than public benefits. I believe that's the main pain point for them.

If some countries seek to ban mining operations, there will be other countries who will open up for migration. Crypto is a serious business now!

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May 11, 2022, 11:23:56 AM
Last edit: May 11, 2022, 12:32:31 PM by BlackHatCoiner
 #8

But I believe the environmentalists are going crazy because most of the mining operations are for personal benefits rather than public benefits. I believe that's the main pain point for them.
And what about the banking system?

If they're sensitized about public benefit, they should begin a shut down campaign against the entire financial sector, which is by the way, one of the worst regarding this matter. Bitcoin uses energy for mining, while the banking system requires ATMs, credit/debit cards, transports, money issuance, skyscrapers for central and commercial banks, and these are off the top of my head.

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May 13, 2022, 07:29:15 AM
Merited by o_e_l_e_o (4)
 #9

Michael Saylor has the right approach, we are talking about creating energy and not using energy that is the problem. Not like miners are picking coals to produce energy specifically or something.

Using energy is a right, you should be able to use it however you want and that is fine, the problem is that we are talking about something that is rare in this case, and if you do not end up understanding that you should not use fossil fuels or gas or coal or any other similar terrible to world energy sources, then the whole world will be better.

We will get there, specially with this Russian sanction deal it's getting faster, but we are not there yet, focus on them first.

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May 13, 2022, 08:38:00 AM
 #10

US government is surely oppresing Bitcoin since they can’t control. Destroying Bitcoin by all possible means is what the government can only do to stop financial freedom. It's ironic how they stop crypto mining due to environment concern while the rest of the world contributes 99.999999% of pollution that worsening the climate change. I think they should propose a bill to reduce more carbon on factories to be fair on crypto mining industry.
I do not see this as a big problem at all, even if the leading states ban bitcoin mining. More than 19 million bitcoins out of 21 million have already been mined. Bitcoin may well do without the remaining two million. In addition, in our world there will always be nooks and crannies where bitcoin will be mined with any restrictions.
But in general, states can prohibit the mining of cryptocurrencies that use the PoW algorithm. They are not interested in a decentralized cryptocurrency. It's easier than radically restructuring their energy-intensive industries.

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May 13, 2022, 09:02:42 AM
 #11

I don't really know the content of the letter or the background of the initiators and their real intentions. I am a strong Bitcoin advocate, but nevertheless there are developments in the USA regarding miners (also in other parts of the world) that I absolutely do not support, such as the fact that the Hardin coal-fired power plant in Montana was supposed to be closed, but is now still being operated because of Bitcoin mining. This is an absolutely alarming development in terms of the environment. If that's part of the content of the letter, I don't think it's a bad thing.

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May 13, 2022, 10:00:12 AM
Merited by BlackHatCoiner (2)
 #12

Bitcoin industry is not polluted at the level haters talk about it. It is not true if I say Bitcoin mining does not cause any issue for the environment but if we compare it with other industries, it is better.

So why do the worse industries try to attack a better one, namely Bitcoin?


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May 13, 2022, 10:19:50 AM
 #13

Sure, go and focus on the easy ones, as usual. We've got people flying around and testing rocket fuels every day for hours on end, for fun and personal gain and no global benefit, burning far more than miners, who are actually providing a much-needed service.

Same old story every time, don't they all get tired of fighting the wrong enemies?

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May 13, 2022, 12:36:01 PM
Merited by BlackHatCoiner (2)
 #14

Using energy is a right, you should be able to use it however you want and that is fine
I think this is a key point, actually. I think it insane that people spend huge amounts of energy on the manufacture and transport of TVs and cable boxes, and all the energy they use, to watch some of the most mind numbingly stupid content produced, such as anything involving the Kardashians. Not to mention all the energy the Kardashians use filming their TV series. Yet you never see me trying to ban the Kardashians or ban people from using energy on things I think are pointless.

Energy has a cost, and if you pay that cost, you can use that energy however you like.

More than 19 million bitcoins out of 21 million have already been mined. Bitcoin may well do without the remaining two million.
You misunderstand how bitcoin mining works. It isn't just used for generating new coins. Without mining, then there would be no bitcoin transactions.

We've got people flying around and testing rocket fuels every day for hours on end, for fun and personal gain and no global benefit
Elon Musk criticized bitcoin's energy use when he was trying to shill Dogecoin. You know, the same man who literally fired a car in to space on a rocket for the lulz. Roll Eyes

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May 13, 2022, 02:43:18 PM
 #15

Something similar happened in the EU relatively recently - ESMA’s vice chairman Erik Thedéen has released an official statement calling out for measures to be taken on crypto mining energy usage. Bitcoin mining, especially, has become a national issue for Sweden, Erik’s native nation. The Swede has asserted that crypto mining effectively intensifies climate change.
I wonder if the two events are connected or not. Thoughts?
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May 14, 2022, 07:23:45 AM
Merited by o_e_l_e_o (4)
 #16

We've got people flying around and testing rocket fuels every day for hours on end, for fun and personal gain and no global benefit
Elon Musk criticized bitcoin's energy use when he was trying to shill Dogecoin. You know, the same man who literally fired a car in to space on a rocket for the lulz. Roll Eyes

I think I might not have enough time or character space in this forum to list out the reasons why this guy has no right to criticize anything about Bitcoin power use (and I remember it very well).

Like you said, someone who fires car into space, who tests hundreds of rockets every day and burning up all kinds of unimaginable numbers of fuel drums, who builds millions of electric batteries that after 5 years cannot be dumped but anyway are dumped in poor Africa because that is where we send our poisonous dead gadgets.

He has a right to opinion, but no right to demand anything.

Man I forgot how much I hate Elon and all these shilled personalities of the world who use Bitcoin to gain even more fame.

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May 14, 2022, 07:31:28 AM
 #17

Lol! It's hilarious! It seems only crypto mining companies produce pollution and no one else does that. The heavy industries generate way more pollution than all crypto mining put together. But I believe the environmentalists are going crazy because most of the mining operations are for personal benefits rather than public benefits. I believe that's the main pain point for them.

If some countries seek to ban mining operations, there will be other countries who will open up for migration. Crypto is a serious business now!

I find it very hilarious that these organizations tend to focus more on the pollution that cryptocurrency mining has effected but they chose to ignore other pollutants that are significantly hazardous to the environment. For example, there are tons of oil companies, minings, deforestation, and other huge establishments that garner significant damage to the environment, yet they only focus on the small guys.

Though like some have mentioned, this research came from a person who is highly questionable in their researches. That is why, I doubt that these environmental groups would do any damage to these crypto miners.

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May 14, 2022, 07:41:05 AM
Merited by o_e_l_e_o (4)
 #18

Using energy is a right, you should be able to use it however you want and that is fine
I think this is a key point, actually. I think it insane that people spend huge amounts of energy on the manufacture and transport of TVs and cable boxes, and all the energy they use, to watch some of the most mind numbingly stupid content produced, such as anything involving the Kardashians. Not to mention all the energy the Kardashians use filming their TV series. Yet you never see me trying to ban the Kardashians or ban people from using energy on things I think are pointless.

Energy has a cost, and if you pay that cost, you can use that energy however you like.

snip

stepwilli made the point I was thinking reading down the thread. The way Bitcoin mining
is being demonised would almost make out that miners are creating electricity themselves
by burning hazardous waste like plastic, car tyres, used engine oil and polystyrene at
the backs of their premesis' and polluting every river they are close to.

Miners to my mind are plugged into the electrical grid, they are consumers of electricity,
from the same source as every other consumer from household to industrial.

The finger needs to be pointed at the creators and suppliers of grid energy who use
and burn predominantly fossil fuels, not the consumer, we can only use what is provided.

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May 14, 2022, 07:47:25 AM
 #19

I find it very hilarious that these organizations tend to focus more on the pollution that cryptocurrency mining has effected but they chose to ignore other pollutants that are significantly hazardous to the environment. For example, there are tons of oil companies, minings, deforestation, and other huge establishments that garner significant damage to the environment, yet they only focus on the small guys.

Fortunately for us, environmentalists have limited governmental reach - they may be able to talk a lot, but hardly anybody would take them seriously - this has a flipside. The heavy industries such as oil and metals (let's lump data centers in here for a moment) spend billions of dollars lobbying governments - particularly US. senators - to ignore these demands or to make favorable regulations for the heavy industries. Not that crypto mining has that kind of reach, but it does provide for it a shelter to stay under, for now.

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May 14, 2022, 09:30:30 AM
 #20

Among the proposals, the group of eight organizations requested the Environmental Protection Agency subject PoW mining firms to “stringent reviews” around operating permits.

Before they can dabble into the cryptocurrency zone they should first fix the disaster menace from the government petroleum and natural resources mining that have caused alot of hazards to the environment and living existence, I just believe some kind of people or set of low thinkers could just come over the internet talking about what does not make sense or meaning, issues like this has already been tackled several times on the forum and were well discussed such a way that it is understandable that bitcoin mining does not contribute in any for to the environmental disaster.

This groups is just making a move to get recognized because even the said regulation they are insinuating is already a bye gone issue, because tax is being paid by those mining companies, it's had been better they divert their curiosity from bitcoin back to government if the they truly want a change.

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