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456 sats \ 3 replies \ @quark 8 Feb \ on: The DOE Rules and Mining Geographic Decentralization bitcoin
Miners will always go where the energy is cheaper and regulations are the best for them.
I don't know why the US is attacking miners now. I am missing something too. I think if there is a way to attack Bitcoin, it is doing so to the miners. But miners can just go to another country then.
I don't know what the regulators want to achieve. They are lost. Elizabeth who used to attack banks long time ago, is now protecting banks against Bitcoin. I wonder why. Very suspicious.
Maybe the miners are assuming that BlackRock and Fidelity have enough clout to keep Warren at bay. Still, it's a power move to diversify now. I'm not sure the US wants mining to be spread worldwide. I would think they would want to keep it within their borders. I bet China is regretting that ban now.
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Yes.. I remember when China banned it, there were reports about many Chinese moving to the US somehow to keep mining. I'm sure the government is forcing this reporting and regulations to really know and probably control who is mining with US energy.
edit: added some sources:
The U.S. is a particularly attractive destination for Chinese bitcoin miners
https://www.npr.org/2022/02/24/1081252187/bitcoin-cryptocurrency-china-us
This N.Y.U. Student Owns a $6 Million Crypto Mine. His Secret Is Out.
https://www.nytimes.com/2023/12/25/technology/bitrush-bitcoin-cryptocurrency-china.html
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Elizabeth Warren is a phony politician and Cherokee
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