The contemporary advocacy neighborhood already represents over half the nation’s Bitcoin hash rate and can also unprejudiced see to shape vitality coverage and champion Bitcoin and blockchain.
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Cryptocurrency miners possess a recent order in Washington with the originate of the Digital Vitality Network (DPN), a recent coalition affiliated with the Chamber of Digital Commerce. The community is off to a promising initiate, with most of the US’ biggest miners on board.
The DPN is the first affiliate of the Chamber, and shares most of the an identical personnel contributors. Its origins stretch support to the Chamber’s Mining Initiative, which “pioneering the introduction of the first pro-proof-of-work decision in the U.S. House of Representatives.”
Secure. Pete Classes’ decision on proof-of-work crypto mining. Source: govinfo.govAlena Ricci, vice existing of advertising at the Chamber and head of advertising at the DPN, defined to Cointelegraph that the decision used to be submitted by Texas congressman Pete Classes in March. “Bitcoin Mining will play a crucial role in rebuilding vitality independence in the US,” Classes tweeted at the time.
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The DPN is debuting with 11 contributors – Argo, BitDigital, BitFarms, Coinmint, Cipher Mining, DigitHost, Hive, Marathon, Riot, Sustainable Bitcoin Protocol and Terawulf. Collectively they characterize over 50% of the U.S. Bitcoin (BTC) hash rate, the DPN stated. In response to an announcement:
“The Digital Vitality Network spearheads coverage advocacy for digital asset mining and shapes the plan in which forward for vitality coverage. Its mission is to champion Bitcoin and blockchain expertise to revolutionize vitality markets.”The DPN has its work decrease out for it. A invoice reintroduced into Congress in March, sooner than Classes’ decision, would require the Environmental Safety Agency to overview crypto miners. The Biden Administration included a 30% tax on electricity aged by crypto miners in its FY2024 funds, even supposing that proposal can also unprejudiced had been dropped.
Thrilling News!
Nowadays, we’re overjoyed to jabber the originate of @digitalpowerUS, a visionary consortium that is space to revolutionize the vitality landscape! Representing over 50% of U.S. #Bitcoin Hash Rate, this initiative is a sport-changer for the plan in which forward for vitality coverage. pic.twitter.com/8wtpRy1dyD
— Perianne (@PerianneDC) September 19, 2023
The DPN will work alongside the Digital Energy Council, a lobbying neighborhood founded in August by worn Chamber director of vitality coverage Thomas Mapes.
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