The Mining Pod | Blockspace Media INTERVIEW: Europe’s Bitcoin Mining Rubicon
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Jun 6, 2024 Frederik Vyncke, a Belgian and Swedish citizen with a procurement background at Prosperity Digital, and Sven Hildebrandt, a finance expert focused on infrastructure, discuss Europe's Bitcoin mining landscape. They delve into the implications of the new MiCA regulation on miners, the push for data transparency, and the challenges miners face amidst regulatory scrutiny. The duo highlights the need for collaboration within the industry to advocate for its role in energy dynamics and to navigate the evolving regulatory environment effectively.
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A Voice For European Miners
- EBEA formed to give European Bitcoin miners a unified, honest voice to regulators.
- They emphasize mining's grid-stabilizing value and realistic economic contribution.
MiCA's ESG Deadline Looms
- MiCA introduces mandatory ESG disclosures for crypto asset service providers starting Jan 2025.
- The required data are complex, global in scope, and hard for providers to collect.
Collect Core Mining Data Now
- Prepare to provide machine types, waste disposal, locations and energy mixes when requested.
- Use best-effort data collection and cooperate with industry groups to comply.