Bitcoin mining could be good for US energy independence: Research
Texas representative Pete Sessions made a simple yet powerful statement that the proliferation of the Bitcoin mining industry could promote energy independence in the country. Republican Congressman Pete Sessions from Texas has come out with a bold statement about the impact Bitcoin mining will have not just on his state but on the United States as a whole.The Texan representative, a proponent of Bitcoin (BTC) mining, tweeted on March 22 that “Bitcoin Mining will play a critical role in rebuilding energy independence in the USA.” His statement drew a mixed bag of reactions from both....
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Pete Sessions, Texas rep, stated clearly that the growth of the Bitcoin mining sector could expand energy independence in the US. US Congressman Peter Sessions has graced the public with an audacious statement on Bitcoin mining in the country. Pete suggests that Bitcoin mining will significantly impact the United States’ power independence in his commentary. In a tweet, the Texan rep, a Bitcoin mining supporter, took to the public on Tuesday, announcing that Bitcoin mining plays a vital role in redeveloping the United States’ energy independence. His statement attracted tons of....
Bitcoin mining can help big energy companies produce more efficiently, increasing American energy independence in the process.
Dutch energy company BAS Nederland announced on Thursday that is accepting bitcoin payments from customers, making it the first energy company in the world to do so. According to the company's founder, the move aligns with the company's philosophy of breaking free and reducing dependence from old-school systems: "Just like BAS, the aim of Bitcoin is to increase independence, ownership, and to empower people to create value themselves. All of these elements appeal to a global audience that breaks free from declining old-world systems, and looks for solutions that serve not only themselves,....
Data shows the Bitcoin mining industry consumes slightly less energy in total compared to the video gaming sector. Bitcoin Mining Energy Consumption Stands At 100 TWh Per Year Right Now According to a recent report released by Arcane Research, while the BTC mining energy consumption has grown significantly in recent years, the industry still makes […]
One major argument against Bitcoin is the amount of energy used in mining new blocks. Regulators have gone all out to curb the proof-of-work blockchain’s energy consumption and reduce its environmental impact. However, the latest findings show that Bitcoin mining energy usage only accounts for a small portion of the world’s energy production. The Bitcoin […]