1. Bitcoin, Blockchain, and the Energy Sector
- Author
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Clark, Corrie E. and Greenley, Heather L.
- Subjects
Cryptocurrency ,Energy Sector ,Bitcoin - Abstract
On August 9, 2019, U.S. Congressional Research Service (CRS) releaseda reportdetailing the potential uses for blockchain in the American energy sector. This report is part of a suite of CRS products* on cryptocurrencies and the underlying technology, distributed ledger technology, and blockchain. In this report, the authors explained how cryptocurrency is“mined,”where mining activity is concentrated, how some states and utilities are responding to localized increases in energy demand from Bitcoin mining facilities, and potential considerations for Congress. Considerations for Congress include potential policy options to address energy conservation and energy efficiency standards as well as options for integrating blockchain technology in the energy sector.
- Published
- 2019
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