IITMIND: EdTech, Finance and Crypto currencies


The US plans to draft the first-ever policy targeting Bitcoin mining to address factors like climatic and environmental impact.

In coming up with the recommendations, the White House will also review factors like the mining noise pollution alongside comparing protocols PoS and PoW etc.

The growth of Bitcoin mining in the U.S. has been perceived to add more strain to the country’s energy ecosystem, with existing infrastructure impacted by extreme weather, aging wires, and increased adoption of renewable energy.

Calls to regulate the Bitcoin mining space have emerged in the U.S, as it is hosting one of the largest crypto miners community globally. Therefore, the need for a new policy proposal is built on criticism of the Environmental Protection Agency's inability to designate energy usage for different sectors.

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