Tuesday, June 25, 2024

Over 50% of US Bitcoin Miners to Again New Coverage Group

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The Chamber of Digital Commerce, an advocacy group for digital innovation and Bitcoin, has unveiled a brand new initiative generally known as the Digital Energy Community. 

The Digital Energy Community’s major mission is to advocate for Bitcoin mining and drive ahead productive vitality coverage, aiming to revolutionize vitality markets by championing Bitcoin. The core perception behind this endeavor is that Bitcoin mining may help encourage investments in renewable vitality, and improve grid stability.

Boasting a robust membership roster together with business giants comparable to Argo, BitDigital, BitFarms, Coinmint, Cipher Mining, DigitHost, Hive, Marathon, Riot, Sustainable Bitcoin Protocol, and Terawulf, this consortium represents over 50% of the U.S. Bitcoin hash charge and goals to reshape the vitality panorama whereas driving the way forward for vitality coverage in Washington.

“We’re thrilled to introduce our inaugural affiliate group, the Digital Energy Community,” stated Founder and CEO of The Chamber of Digital Commerce, Perianne Boring. “Digital asset mining, at its coronary heart, is each an vitality and nationwide safety matter, and we firmly consider that Bitcoin will drive insurance policies that unite all political stakeholders to advance this significant business in the USA.”

Via advocacy, partnerships and schooling, the Digital Energy Community is trying to make actual coverage change in Washington. Their goal is to “forge a strong alliance encompassing policymakers, regulators, media influencers, and financial stakeholders,” a spokesperson for the Digital Energy Community informed Bitcoin Journal.

With a collective voice, they are going to work with coverage makers to get coverage that makes an actual distinction for Bitcoin miners.

Jason Les, CEO of Riot, underlined the transformative potential of this initiative to push ahead useful Bitcoin mining coverage in the USA, stating, “At its core, Bitcoin mining converts stranded, low-cost vitality right into a helpful commodity, which is why our business has great potential.”

With this initiative, the Chamber of Digital Commerce goals to guide the dialog in digital vitality advocacy and coverage transformation. Fred Thiel, CEO of Marathon, additionally highlighted the significance of the Digital Energy Community, stating “Having a voice just like the Digital Energy Community in Washington is essential for making certain that the views of digital vitality stakeholders are thought of.”

The Digital Energy Community needs to place the USA as a pacesetter within the digital vitality revolution, aligning financial development with environmental sustainability. 

The initiative has already made its mark on the coverage entrance, notably by pioneering the introduction of the primary pro-proof-of-work decision within the U.S. Home of Representatives.

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