In today's digital currency boom, the environmental protection issue of Bitcoin mining has attracted much attention. The White House of the United States proposed that if Bitcoin mining is not more environmentally friendly, it will be banned by law. This decision has triggered heated discussions and reflections around the world. This article will explore the necessity of Bitcoin mining from three perspectives: environmental protection, economy and policy, and explore its possible impacts and solutions.

 Environmental awareness awakening: Bitcoin mining must be more environmentally friendly

The Bitcoin mining process consumes a lot of energy. According to statistics, the electricity consumed by Bitcoin each year is equivalent to the total electricity consumption of many countries. This high-energy mining method has put tremendous pressure on the environment and exacerbated global warming and carbon emissions. Therefore, environmental awareness has awakened, and calls for Bitcoin mining to be more environmentally friendly are growing.

 Economic benefits and environmental responsibilities are equally important

Although Bitcoin mining has a negative impact on the environment, its huge role in the economy cannot be ignored. As a digital asset, Bitcoin has become a popular choice for global investors, and its market value has continued to rise. Therefore, it is crucial to find a balance between environmental protection and economic benefits.

 The attitude of the White House in the United States: the road to legislative prohibition?

The attitude of the White House in the United States on the environmental protection of Bitcoin mining has attracted much attention. The White House said that if Bitcoin mining does not adopt a more environmentally friendly approach, it will consider legislation to ban related behaviors. This statement has triggered a strong response from the industry and prompted Bitcoin miners to re-examine the impact of their behavior on the environment.

 Solution discussion: Technological innovation helps environmental protection

In order to solve the environmental protection problem of Bitcoin mining, technological innovation is crucial. Some technology companies are already looking for more environmentally friendly mining methods, such as using renewable energy and improving energy efficiency. These measures are expected to bring new development directions to Bitcoin mining and achieve a win-win situation of environmental protection and economic benefits.

 Future Outlook: Environmental protection becomes the theme of digital currency development

With the continuous improvement of environmental awareness, the development of digital currency will gradually move towards a more environmentally friendly direction. The call for Bitcoin mining to be more environmentally friendly will become louder and louder, and environmental protection will become one of the themes of digital currency development. Only by striking a balance between environmental protection and economic benefits can digital currency continue to develop healthily.

The environmental protection issues of Bitcoin mining cannot be ignored, and global efforts are needed to find solutions. The White House's legislative ban statement has triggered deep thinking and pointed out the direction for the future of Bitcoin mining. Environmental responsibility is everyone's mission. Let us work together to create a cleaner and more sustainable digital currency world.

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120BTC.com: The White House said in a recent report that cryptocurrency mining consumes a lot of electricity and produces considerable carbon emissions, which may hinder the United States' commitment to climate change. The report also suggested that if the impact of the mining industry on the environment cannot be effectively mitigated, the White House or Congress may need to resort to the ultimate means - legislation to restrict or ban cryptocurrency mining.

In March this year, US President Biden officially signed the first executive order on cryptocurrency, requiring major agencies to assess the risks and benefits of cryptocurrency and formulate policy recommendations to pave the way for future regulation.

In response to the above executive order, the White House Office of Science and Technology Policy conducted a study on the impact of cryptocurrency mining on energy policy and potential mitigation measures, and released a research report last week.

The White House Office of Science and Technology Policy believes that Bitcoin and other cryptocurrencies based on the proof-of-work (PoW) mining mechanism consume a lot of electricity and have a negative impact on the ecological environment.

According to the report, cryptocurrency miners mainly use electricity purchased from the power grid, which may disrupt the distribution of electricity between American households. On the other hand, air pollution caused by burning fossil fuels to generate electricity, noise from mining facilities, and pollution from wastewater and waste emissions also threaten the environment and human health.

The report also mentioned that among the cryptocurrencies based on the PoW mechanism, Bitcoin and Ethereum account for about 60% to 77% and 20% to 39% of the total electricity consumption of cryptocurrencies worldwide, respectively. In addition, it is estimated that domestic cryptocurrency mining activities will cause the total carbon emissions of the United States to increase from 0.4% to 0.8%.

The White House Office of Science and Technology Policy therefore called on cryptocurrency miners to reduce greenhouse gas emissions with the help of the U.S. Environmental Protection Agency, the U.S. Department of Energy, and other federal agencies, and recommended that the government collect more data on electricity consumption from the industry, and introduce electricity standards for mining operators with extremely low energy intensity, low water consumption, low noise, and clean energy use.

However, the White House also stated that if these measures cannot effectively reduce the impact of mining on the environment, the U.S. government should take administrative action, and Congress may need to consider legislation to restrict or ban PoW cryptocurrency mining.

Notably, when making its recommendations, the White House also praised proof-of-stake (PoS) blockchains, specifically mentioning Ethereum’s upcoming merged upgrade.