Rejected petition Outlaw cryptocurrency transactions and mining on environmental grounds

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.

More details

[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

This petition was rejected

Why was this petition rejected?

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

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https://petition.parliament.uk/petitions/210958

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Date submitted 27 May 2018
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