4min chapter

Coin Stories with Natalie Brunell cover image

Bonus: Nic Carter Article on WH Report on Bitcoin Mining Climate Impact

Coin Stories with Natalie Brunell

CHAPTER

The US Government Is Using ESG to Politicize the Electricity Sector

The OSTP is asking that miners be forced to meet a completely impossible standard. If they can't meet that, they are asking Congress to regulate mining out of existence. Regulating Bitcoin mining is like squishing the water inside a water balloon and expecting the balloon's volume to decrease. Non-US miners would almost immediately be producing 42-66% more units of Bitcoin with their same level of exertion.

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