first of all if initial plans go through, miners will have to use renewables more(not that difficult) where a mining farm wont exceed XXmw per location(not that difficult)
if these easy tasks cant be met to a standard government want..
in short america becomes not a good place to mine...
.. much like 2009-2020
yep america only became a highly notable mining location after 2020
so things will just go back to a era where america is not the main location to mine, basically a couple years ago
as for exchanges, well they might get told to drop btc like they did with monero. solution.. exchanges operate outside of america
..and those that cant migrate, see less exchange fee's by only trading altcoins
Topic: Regulations on proof of work might be coming - page 5. (Read 1063 times)
It appears that everything that the bitcoin antagonizers have speculated is becoming a reality. We cannot ignore this anymore. Also, we have already witnessed that the government does not stop with regulations as a way to regulate. They might also use their positions of power in creating laws as a weapon to attack bitcoin. I speculate another policy that the American government can create is a ban on all Asic imports.
The Environmental Protection Agency (EPA), the Department of Energy (DOE), and other federal agencies should provide technical assistance and initiate a collaborative process with states, communities, the crypto-asset industry, and others to develop effective, evidence-based environmental performance standards for the responsible design, development, and use of environmentally responsible crypto-asset technologies. These should include standards for very low energy intensities, low water usage, low noise generation, clean energy usage by operators, and standards that strengthen over time for additional carbon-free generation to match or exceed the additional electricity load of these facilities. Should these measures prove ineffective at reducing impacts, the Administration should explore executive actions, and Congress might consider legislation, to limit or eliminate the use of high energy intensity consensus mechanisms for crypto-asset mining. DOE and EPA should provide technical assistance to state public utility commissions, environmental protection agencies, and the crypto- asset industry to build capacity to minimize emissions, noise, water impacts, and negative economic impacts of crypto-asset mining; and to mitigate environmental injustices to overburdened communities.
Read in full https://www.whitehouse.gov/wp-content/uploads/2022/09/09-2022-Crypto-Assets-and-Climate-Report.pdf
The Environmental Protection Agency (EPA), the Department of Energy (DOE), and other federal agencies should provide technical assistance and initiate a collaborative process with states, communities, the crypto-asset industry, and others to develop effective, evidence-based environmental performance standards for the responsible design, development, and use of environmentally responsible crypto-asset technologies. These should include standards for very low energy intensities, low water usage, low noise generation, clean energy usage by operators, and standards that strengthen over time for additional carbon-free generation to match or exceed the additional electricity load of these facilities. Should these measures prove ineffective at reducing impacts, the Administration should explore executive actions, and Congress might consider legislation, to limit or eliminate the use of high energy intensity consensus mechanisms for crypto-asset mining. DOE and EPA should provide technical assistance to state public utility commissions, environmental protection agencies, and the crypto- asset industry to build capacity to minimize emissions, noise, water impacts, and negative economic impacts of crypto-asset mining; and to mitigate environmental injustices to overburdened communities.
Read in full https://www.whitehouse.gov/wp-content/uploads/2022/09/09-2022-Crypto-Assets-and-Climate-Report.pdf
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