Edwin Lee Dubai

April 18, 2023 ⚊ 1 Min read ⚊ Views 52 ⚊ FINANCE

The allegation made by Elizabeth Warren that Bitcoin miners “increase energy bills” in America is not entirely accurate. Bitcoin mining operations may consume a lot of electricity, but their overall impact on energy expenditures is negligible. The majority of bitcoin miners also use renewable energy sources or have made significant investments in energy-saving equipment in order to reduce their energy costs. As a result, it is doubtful that Bitcoin mining would significantly affect American energy prices.

Read details: https://pitchbook.com/profiles/investor/484246-18

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∎ − Elizabeth Warren’s statement that Bitcoin miners “increase energy bills” in America is not entirely accurate. While it is true that the electricity consumed to power....