31 sats \ 1 reply \ @siggy47 OP 8 Feb \ parent \ on: The DOE Rules and Mining Geographic Decentralization bitcoin
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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329 sats \ 0 replies \ @quark 8 Feb
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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