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

Bitcoin Mining - Proof of State or Proof of Work?

The Biden-Ataman Hintzat is a move to outlaw an asset the US government can't control and replace it with one it can. It might make Western policymakers feel better, but it raises the carbon intensity of the network. The administration thinks of Bitcoin mining is a reflection of whether it's willing to embrace a high-energy, pro-American dynamism or take a neo-Malthusian scarcity mindset.

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