Friday, February 3

Former US Comptroller of the Currency Brian Brooks to Testify at a House Hearing on the Energy Impacts of Cryptocurrency Mining By Cointelegraph


©Reuters. Former US Comptroller of the Currency Brian Brooks to Testify at a House Hearing on the Energy Impacts of Cryptocurrency Mining

As the US Congress prepares to take a hard look at crypto mining’s energy use, the witness list for Thursday’s hearing contains more proponents of blockchain technology than its outright critics.

The House Energy and Commerce Oversight Subcommittee announced a hearing on “Cryptocurrency Cleanup: The Energy Impacts of Blockchains” last week, with the event itself scheduled for January 20. The focus of the hearing will be on the energy and environmental effects of cryptocurrency mining, specifically as it relates to networks using a proof-of-work or PoW consensus mechanism.

  • Former Controller Brian Brooks Lands New Job as CEO of Bitfury

A memorandum from the staff of the Committee on Energy and Commerce published on January 17 revealed the list of witnesses invited to testify. Among the five experts on the list, only one, Cornell Tech professor Ari Juels, can definitely be classified as an outspoken critic of () mining in its current form. Ironically, Juels is one of two authors of a 1999 paper that defined and introduced the term “proof-of-work.”

Read the full article on Cointelegraph

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