Edwin Lee Dubai
April 18, 2023 ⚊ 1 Min read ⚊ Views 50 ⚊ FINANCE
It’s not exactly correct to say that Bitcoin miners “increase energy bills” in America, as Elizabeth Warren claims. Despite the fact that Bitcoin mining operations might use a lot of electricity, the total impact on energy costs is minimal. Additionally, to cut their energy expenses, the bulk of bitcoin miners either employ renewable energy sources or have made large investments in energy-saving technologies. Therefore, it is unlikely that Bitcoin mining will have a large effect on American energy costs.
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