It has been a rough year for cryptocurrency mining. Just a year ago, the U.S. House of Representatives held a hearing addressing the environmental effects of cryptocurrency mining, with a particular focus on the process’s use of energy and resulting high rates of emissions (covered by ELM here), but with a noticeable bent of optimism and openness from the presiding representatives who ran the panel. Millennial U.S. Congressman Ritchie Torres of New York even went so far as to declare: “With a multi-billion-dollar market …
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