{"id":491362,"date":"2022-09-09T00:15:00","date_gmt":"2022-09-08T21:15:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/white-house-science-office-looks-at-cryptos-effect-on-climate-despite-scarce-data\/"},"modified":"2022-09-09T00:15:00","modified_gmt":"2022-09-08T21:15:00","slug":"white-house-science-office-looks-at-cryptos-effect-on-climate-despite-scarce-data","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/white-house-science-office-looks-at-cryptos-effect-on-climate-despite-scarce-data\/","title":{"rendered":"# White House science office looks at crypto\u2019s effect on climate, despite scarce data"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a30451996ce5\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a30451996ce5\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/white-house-science-office-looks-at-cryptos-effect-on-climate-despite-scarce-data\/#%E2%80%9D_White_House_science_office_looks_at_cryptos_effect_on_climate_despite_scarce_data_%E2%80%9C\" >&#8221; White House science office looks at crypto\u2019s effect on climate, despite scarce data &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_White_House_science_office_looks_at_cryptos_effect_on_climate_despite_scarce_data_%E2%80%9C\"><\/span>&#8221; White House science office looks at crypto\u2019s effect on climate, despite scarce data &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDkvYTRlOGFkZjktY2E3OC00MzMzLWE5NTItYjkxNGEwNGI0M2Y5LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-71846793>The White House Office of <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/sciencee\/\" data-internallinksmanager029f6b8e52c=\"5\" title=\"Science\" target=\"_blank\" rel=\"noopener\">Science<\/a> and <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">Technology<\/a> Policy (OSTP) has weighed in on the environmental and energy impact of crypto assets in the United States, finding that crypto makes a significant contribution to energy usage and greenhouse gas (GHG) emissions. It <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.whitehouse.gov\/wp-content\/uploads\/2022\/09\/09-2022-Crypto-Assets-and-Climate-Report.pdf\">recommends<\/a> monitoring and regulation in response.<\/p>\n<p>The report, released Sept. 8, was the latest to come out of the U.S. President Joe Biden\u2019s March executive order (EO) on the development of digital assets. The EO charged the OSTP with investigating the energy usage associated with digital assets, comparing that usage with other energy outlays, investigating uses of blockchain technology to support climate protection and making recommendations to minimize or mitigate the environmental impact of digital assets.<\/p>\n<p>The study found that crypto assets use <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roximately 50 billion kilowatt-hours of energy per year in the U.S., which is 38% of the global total. A lack of monitoring made accurate energy accounting impossible. The report upheld the tradition of making creative energy usage comparisons, however, saying that crypto assets are responsible for slightly more energy usage in the U.S. than home computers, but less than home lighting or refrigeration. Furthermore:<\/p>\n<blockquote><p>\u201cNoting direct comparisons are complicated, Visa, MasterCard, and American Express combined [\u2026] consumed less than 1% of the electricity that Bitcoin and Ethereum used that same year, despite processing many times the number of on-chain transactions and supporting their broader corporate operations.\u201d <\/p><\/blockquote>\n<p>High energy usage wears down grids and drives up energy prices, the report said. The role of Proof of Work staking in crypto asset energy consumption was clearly noted, as was the fact that changes in consensus mechanism usage and the field\u2019s rapidly evolution make forecasting future energy usage impossible as well. <\/p>\n<p><strong><em>Related: White House office seeks public opinion on crypto-climate implications<\/em><\/strong><\/p>\n<p>In any case, the report said, \u201cCrypto-asset mining using grid electricity generates greenhouse gas emissions \u2013 unless mining uses clean energy.\u201d The report also presented blockchain technology use cases for distributing energy and supporting environmental (carbon) markets. The report examined some strategies for improving crypto asset energy usage, such as the use of stranded methane, but others, like repurposing collateral crypto mining heat, were not considered.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Just in from the White House OSTP &#8211; \u201cCrypto-asset mining that installs equipment to use vented methane to generate electricity for operations is more likely to help rather than hinder U.S. climate objectives.\u201d <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/thetrocro?ref_src=twsrc%5Etfw\">@thetrocro<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/jyn_urso?ref_src=twsrc%5Etfw\">@jyn_urso<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/DSBatten?ref_src=twsrc%5Etfw\">@DSBatten<\/a><\/p>\n<p>\u2014 David Zell (@DavidZell_) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/DavidZell_\/status\/1567881964664901635?ref_src=twsrc%5Etfw\">September 8, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The report\u2019s recommendations were broadly written, for example:<\/p>\n<blockquote><p>\u201cFederal 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.\u201d <\/p><\/blockquote>\n<p>Other recommendations included assessing and enforcing energy reliability in light of crypto mining projects, setting energy efficiency standards and research and monitoring. <\/p>\n<p>The OSTP report is one of five due the same week. The Justice Department released a report on strengthening international law enforcement mandated in the EO in June and the Treasury Department reported on a framework for international engagement in July. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"law_decoded\"><\/template><\/p>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/white-house-science-office-looks-at-crypto-s-effect-on-climate-despite-scarce-data\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; White House science office looks at crypto\u2019s effect on climate, despite scarce data &#8220; The White House Office of Science and Technology Policy (OSTP) has weighed in on the environmental and energy impact of crypto assets in the United States, finding that crypto makes a significant contribution to energy usage and greenhouse gas (GHG)&#8230;<\/p>\n","protected":false},"author":1,"featured_media":491363,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDkvYTRlOGFkZjktY2E3OC00MzMzLWE5NTItYjkxNGEwNGI0M2Y5LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[75042,10595,70934],"class_list":["post-491362","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-mining","tag-environment","tag-regulation"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/491362","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=491362"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/491362\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/491363"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=491362"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=491362"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=491362"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}