Posted 2/27/2024, 5:58:31 PM
White House Raises Concerns Over Bitcoin Mining's Energy Use Amid Price Surge
- White House claims Bitcoin mining strains power grid amid recent BTC price surge
- Follows May 2023 proposal of Digital Asset Mining Energy (DAME) tax to address mining's costs
- Bitcoin has reached $57,000, its highest since 2021, concerning those who oppose crypto
- Fox Business reports White House worries mining could significantly strain power grid
- Crypto officials say concerns are overblown, predict claims will increase industry regulation