White house crypto mining

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He doesn't hold any crypto. Congressional Republicans have resisted efforts from regulators and the administration to penalize the crypto sector, concerns with the industry, and it highlighted the possible economic to embrace taxes that punish. Nikhilesh De contributed reporting to.

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Number in brackets represents the number of facilities. We also made use of responses to letters from members of Congress to multiple cryptocurrency mining firms seeking information on electricity usage at their facilities. Key challenges associated with tracking cryptocurrency mining energy use include the difficulty of identifying cryptocurrency mining activity among millions of U. Larger networks of mining units can be configured to increase the computational power.