Ban cryptocurrencies' mining and transactions as action to fight climate change

Rejected 10 signatures

What the petition asks

Carrying out cryptocurrency transactions requires the work of millions of computers calculating each transaction. Just Bitcoin alone consumes 0,46% global electricity production (Yougov, 21.10.2021), more than Argentina usage , or approximately 1/3 of all coal power stations’ production in the EU.

On top of the energy usage, crypto mining requires millions of computers, semiconductors, other equipment which could be needed elsewhere, water for cooling, and space for mining farms. It also has a huge carbon footprint.
Cryptocurrencies enable criminals, drug and arm dealers to make easy, secret money transfers, out of any control.
Bitcoin and other cryptocurrencies made the biggest financial pyramid in history.
Blockchain technology, useful for other purposes, but not investment, should be regulated by government.

Why it was rejected

There was already a petition about this issue. Duplicates are rejected so signatures collect in one place.

You may wish to sign this petition calling for a similar action: Ban the mining of and trade in "proof of work" cryptocurrencies within the UK

Timeline

18 Jan 2022	Petition opened for signatures
25 Jan 2022	Rejected by the Petitions Committee

Key facts

Signatures 10

Status Rejected

Rejected 25 Jan 2022

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