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Outlaw cryptocurrency transactions and mining on environmental grounds

Submitted on Sunday 27th May 2018

Rejected on Monday 4th June 2018

Current status: Rejected

Rejection code: duplicate (see below for details)

Petition Action

Outlaw cryptocurrency transactions and mining on environmental grounds

Petition Details

In 2017 it was found that one Bitcoin transaction used as much energy as a domestically occupied house in a week.[1] Currently there are two transactions per second[2] and climbing.[3] Outlaw cryptocurrency transactions and CPU mining to prevent environmental damage and energy price inflation.

Additional Information

[1] "One Bitcoin Transaction Now Uses as Much Energy as Your House in a Week"
https://motherboard.vice.com/en_us/article/ywbbpm/bitcoin-mining-electricity-consumption-ethereum-energy-climate-change

[2] https://blockchain.info/charts/transactions-per-second

[3] "In [Nov '17], the power consumed by the entire bitcoin network was estimated to be higher than that of the Republic of Ireland."
https://www.theguardian.com/technology/2018/jan/17/bitcoin-electricity-usage-huge-climate-cryptocurrency


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This petition was rejected

The Government e-Petitions Team gave the following reason:

There's already a petition about this issue. We cannot accept a new petition when we already have one about a very similar issue.

You are more likely to get action on this issue if you sign and share a single petition.

petition.parliament.uk/petitions/210958

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