- Several Bitcoin miners visited former president Donald Trump at Mar-a-Lago on Tuesday night, said Matthew Schultz, who is CleanSpark Inc., executive chairman.
- He mentioned that he loved crypto and appreciated the fact that it does not make sense because there was nothing like it when he was growing up; at least not according to him (Matthew).
Donald Trump Vs Bitcoin
The company executive pointed out that if people think about what miners do with BTC, they will realize it stabilizes power supply systems from central sources. Consequently, as Schultz put it, he would be their most steadfast promoter around Washington D.C. The campaign has seen a rise in the former president’s mentions of Bitcoin and other digital assets lately, being propelled by the need to target different electorates.
Advice on the same from Elon Musk has not been spared as well as declaration during a recent Libertarian Party convention, where he promised to help in commuting Ross Ulbricht’s sentence- the person who was found guilty of establishing the Silk Road internet platform. Regarding payment methods during his campaigns, he is as well open to cryptocurrencies.
EMISSIONS By China & US?
The meeting is happening as mining companies of digital currencies are recovering from accusations because of various problems among them environmental degradation and putting a lot of pressure on local electricity distribution networks. It is the Democrats who are fronting in enhancing surveillance of power consumption and greenhouse gas emissions from digicoin miners, with Texas Senator Ted Cruz being one of the most vocal proponents for this sector.
China was replaced by the US as the epicentre of Bitcoin mining from 2021, when Beijing placed a ban on the industry. The energy-intensive process involves the use of energy-hungry computers in validating encrypted transactions on the Bitcoin blockchain, with rewards earned in the form of tokens.
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