Congressional committee releases witness list in advance of crypto mining hearing by the_postman_
of the energy use of Ethereum and Bitcoin, putting them at more than eight and 70 days of the power demands of a US house per transaction, respectively.
"PoS blockchains do not require miners to compete using computing power for zero-sum rewards. Despite some setbacks and opposition from miners, Ethereum is moving forward with a transition to PoS, called Ethereum 2.0, which may use 99.99 percent less energy than a PoW blockchain." Likely the most familiar to the crypto industry is Brian Brooks, a former regulator turned CEO of Binance.US and, more recently, ofAnother industry player on the list is John Belizaire, CEO of Soluna. Not to be consumed with layer-one project Solana, Soluna builds modular data centers to send to stranded renewable energy sources, which it then makes profitable by using that energy on computational tasks like crypto mining.Bitcoin's energy use.
Like Brooks, Gregory Zerzen was a Trump-era regulatory player and has more recently been involved in lobbying. In October hecommentary decrying government attacks on crypto as an effort to lock citizens into the debasement of the dollar via quantitative easing.
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