In a recent move indicative of his ongoing support for the Bitcoin mining industry, former President Donald Trump met with CEOs from leading US crypto mining companies, expressing his desire for the entirety of Bitcoin production to be made within the United States. Following a meeting with several CEOs from
In a post on X, the National Association of Cryptocurrencies of Venezuela announced that the country has banned crypto mining to protect the power grid. Due to its high electricity requirements, the Venezuelan government has joined the list of nations that disapprove of cryptocurrency mining. The Ministry of Electric Power
Argentina’s YPF Luz collaborates with Genesis Digital Assets to mine Bitcoin using natural gas from oil fields, turning stranded energy into a resource. Bitcoin is becoming more and more popular in Argentina’s energy sector. This is the case with a state-owned facility that uses natural gas that has been stranded
According to Worldometer, the global energy consumption of Bitcoin mining alone is estimated at around 0.59% of the world’s energy usage. Therefore, Biden’s plan to tax crypto mining might help reduce emissions. Cryptocurrency miners based in the United States could soon face a tax equal to 30% of the cost of
