Earthjustice and Sierra Club Release Comprehensive Guide to Environmental Impacts of Cryptomining
Contact:
- Marissa Solomon marissa@pythiapublic.com
Contact:
- Marissa Solomon: marissa@pythiapublic.com
New guidebook breaks down nebulous and opaque industry and false claims to sustainability
NEW YORK, NY —
Today, Earthjustice and the Sierra Club published a new guidebook, The Energy Bomb: How Proof-of-Work Cryptocurrency Mining Worsens the Climate Crisis and Harms Communities Now. The guidebook is a comprehensive report on the opaque and little-regulated cryptocurrency mining industry and its negative effects on the climate, local communities, and public health. It also provides a mythbusting section that tackles the industry’s greenwashing talking points to justify its massive energy use. The paper’s co-authors joined with advocates from directly impacted communities and New York Assembly Member Anna Kelles — author of the country’s first-ever cryptocurrency mining moratorium legislation — to present the guidebook and advocate for better regulation.
Read the guidebook: The Energy Bomb: How Proof-of-Work Cryptocurrency Mining Worsens the Climate Crisis and Harms Communities Now
The White House’s Office of Science and Technology Policy put out a groundbreaking report this month that confirms many of the findings of this paper: proof-of-work cryptocurrency mining is incompatible with federal and local emissions reductions goals, it can not continue unabated. Read more