Is this Bitcoin Mining Report that could lead to any regulation on POW?
— Released, Crypto mining sector, Work mechanisms, Evidently, Deal, Technology policy, Respective blockchain, Involved, Impact, Principal assistant director — 1 min read
The Biden Administration is preparing a report specifically on proof-of-work mining. The report is said to be released in August. It is anticipated to consist of pros and cons that are involved with the crypto mining sector. The mining process is a highly energy intensive process that ensures validation and verification of bitcoin and Ethereum like cryptocurrencies’ transactions on their respective blockchain. The report would have intense study related to mining, including noise pollution, its effect on the environment, heavy use of energy, and many other aspects. It is expected to make quite an impact on the current situation as well as the future of the overall crypto market and perhaps will also have some suggestions to add regarding the different approach of the mining space and the mining sector, according to reports. Source