Mining News

A new bill that pushes bitcoin miners to invest in clean energy

American Senator Shieldon Whiteos and John Vitirman presented the Clean Cloud Law for 2025. The draft law aims to reduce carbon emissions from intense energy coding mining and artificial intelligence data centers.

This comes at a time when bitcoin miners are increasingly heading towards renewable energy sources to operate their operations.

According to the draft law, the Environmental Protection Agency (EPA) will obtain the authority to set an annual carbon performance standards for facilities with more than 100 kilowatts of the installed information technology force.

These standards will be tightened every year, with the borders of emissions by 11 % annually.

Companies that exceed the maximum will pay fees at $ 20 per ton of carbon dioxide equivalent. These fees will rise annually, and adapt to Economic inflation And 10 additional dollars per ton. The draft law also imposes strict accounting methods to include indirect emissions from the network.

The legislators argue that Expatriate miners And artificial intelligence centers lead the energy demand at an unsustainable pace. According to them, current clean energy sources cannot keep pace with the rapid growth of The demand for bitcoin mining.

They pointed out that the data centers alone use 4 % of all electricity in the United States and can reach 12 % by 2028. They also indicated that the facilities have reinforced old coal factories to meet the growing demand, which leads to an exacerbation of The carbon footprint of the country.

Given, Senator Whithyus pointed out that this pressure increases the costs of electricity to consumers. He said that the draft law will push technology companies towards clean energy investments and help ensure that the American energy network will reach the emissions of the net during the next decade.

“The good news is that we do not have to choose between leading the world in artificial intelligence and leading the world on climate safety: large technology companies and artificial intelligence companies enjoy all the money in the world to pay the price of developing new sources of clean energy, instead of excessive loading of local networks and the release of fossil fuel pollution. I mentioned.

To protect low -income families, 25 % of revenue from emissions will compensate for energy costs. The rest will finance grants that support long -term storage projects and clean energy.

Meanwhile, this step comes where the encryption industry is steadily Transformations to more green energy.

The recent MICA Crypto Alliance report shows that renewable energy is operating by 41 % of Bitcoin mining by the end of 2024, up from 20 % in 2011.

Bitcoin miners use renewable energy. source: Mika Checks Alliance

After this rapid adoption rate, the report expects that renewable energy sources can support more than 70 % of Mining activities By 2030, it is driven by cost efficiency, advanced policies, and a broader shift towards sustainable practices

Disintegration

In commitment b Trust project The guidelines, Beincrypto is committed to unbiased and transparent reports. This news article aims to provide accurate information in time. However, readers are advised to independently verify facts and consult with a professional before making any decisions based on this content. Please note that we have Conditions and termsand privacy policyAnd Remove responsibility Updated.

https://beincrypto.com/wp-content/uploads/2022/10/BIC_bitcoin_btc_mining_green.jpg.optimal.jpg

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button