Energy politics are shaping America’s growing bitcoin mining sector. Here’s how
June 10, 2021, 5:28PM EDT · 6 min read
Quick Take
- The public debate over crypto networks’ energy consumption is shaping the mining sector.
- This trend is expressed in recent announcements around renewable energy investments and carbon offsetting initiatives, as well as a drive to collect more reliable data about power consumption.
Recent moves in the U.S. mining ecosystem — particularly among those backed by venture capital — indicate that a multi-faceted response is taking shape amid a public debate over bitcoin's energy consumption.
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