Groups Around U.S. Urge Biden Administration to Address Cryptocurrency Mining’s Energy, Climate, and Environmental Impacts

Washington DC

On Monday, more than 50 community groups across the country sent comments to the Biden administration to address the harmful impacts of “working proof” cryptocurrency mining in their localities. In addition to comments outlining specific state concerns for groups in New York, Pennsylvania, Montana, Kentucky, and Texas, Earthjustice has supported other national public interest groups in asking federal agencies to study the climate and energy impacts of the work test. . mining.

The Biden administration will consider a number of issues related to “Responsible Development of Digital Assets” in its March 2022 Executive Order. to validate transactions, which undermines efforts to reduce climate and local pollution. Earthjustice joins the call for regulatory efforts to curb the use of electricity and pollution associated with digital currencies that depend on proof of work.

On Tuesday, May 10, residents and advocates across the country will speak out against climate-killing cryptocurrency. Here is more information about his press conference.

“Bitcoin miners are eager to take advantage of subsidies and lax regulation in Pennsylvania. High-polluting coal-fired power plants have become mining operations, portable generators and mining hardware have appeared unannounced at fractured gas well sites and even nuclear power. plants are installing miners. not only taxpayers and taxpayers pay the price, we all pay the price of rising pollution. ” – Rob Alternburg for PennFuturePennsylvania

“During the 2021 legislative session in Kentucky, lawmakers approved significant incentives for capital investment and tax exemptions to attract these cryptocurrencies, but the benefits to the communities they serve are not seeing a large number of jobs and the environmental impact is significant “. – Lane Boldman for the Kentucky Conservation CommitteeKentucky

“Communities like mine near the Greenidge facility on New York’s Finger Lakes are being harmed as a previously closed fossil fuel plant reopened, primarily using the energy generated to extract Bitcoin. It is endangering our health. , our air, our water and harming our thriving agricultural and tourism economy This is an extremely urgent issue at a time when the Intergovernmental Panel on Climate Change is warning that now or never we need to reduce greenhouse gas emissions. We must not let this industry hold us back, despite the millions of dollars they are investing in to stay unregulated. We urge the Biden administration to take swift action and adopt take a hard and fast approach to this energy – intensive industry. ” – Abi Buddington to the Finger Lakes Preservation CommitteeNew York

“The energy needs of this largely unregulated industry pose a serious threat to local, state and federal climate targets. It is time for the federal government to step in and add some shop windows to ensure that mountaineers do not face higher energy bills. climate change. impacts of a shady industry with an insatiable appetite for electricity “. – Anne Hedges for the Montana Environmental Information CenterMontana

“Cryptocurrency mining attracts massive amounts of electricity that will further tax Texas’ questionable electricity grid, produce even more air emissions that contribute to climate change, and increase electricity tariffs for area residents.” –James Klein for the Coastal Bend Sierra Club chapterTexas

“Our network is being held hostage in Texas. They are being extorted to pay these scammers to shut down their unnecessary extraction after they intentionally raise the price of electricity and undermine our democracy. Climate change is getting worse all the time. Here in Corpus Christi our Elected officials hid the AEP seeking an increase in the rate but agreed to add 600 megawatts to our network ignoring the concerns of community members. ” – Chris Phelan for For The Greater GoodTexas

“Politicians have been playing on the Texas network for years. When it finally failed, millions of Texas froze inside their own homes. Cryptocurrency is just the latest bad bet, and politicians like Ted Cruz bought it. network, but a huge new source of demand We need tangible network solutions like battery storage and air conditioning to reduce demand Crypto offers nothing like this The value of the industry for our network is as real as the product that sell “. – Adrian Shelley for Public CitizenTexas

“In the Finger Lakes and across New York, outside speculators are invading our communities to destroy our natural resources, limit local businesses, and prevent us from meeting crucial climate goals, just to make some people very, very rich. Governor Hochul to enact sensible energy policy and put a moratorium on climate-killing cryptocurrency, the federal government must step in and regulate this dangerous and growing industry. climate change is literally insane. ” – Yvonne Taylor for Seneca Lake GuardianNew York

“We can’t waste more precious time playing the shock at the local and state level. We urge the federal government to take immediate action to address the explosion of bitcoin mining that is wreaking havoc on our climate policies, polluting our communities, ruining our supply. and the escalation of electricity tariffs in the midst of a climate crisis “. – Ellen Weininger for Grassroots Environmental EducationNew York

“Unfortunately, as with most fossil fuel industry operations, the impacts on local communities and the climate are not at the forefront and at the center, as they should be. We support our customers and partners to protect their communities and the planet. “. – Mandy DeRoche, Earthjustice’s Deputy Managing Lawyer

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