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Saturday, July 5, 2025

BTC miners are affected by the increase in power rates - Cryptopolitan

BTC miners A few days before the start of June, the crypto mining industry is optimistic, reporting an increase in its operations. The United States is among the most relevant countries for Bitcoin mining or other decentralized tokens. The Washington government has increased the electricity rate to benefit the BTC miners.
According to reports, the government of Joe Biden increases the electricity rate to 29 percent. Research suggests that cryptocurrency mining consumes around 204.5 TW/h per year, comparable to all the energy used in countries like Thailand for the same period.
Crypto-miners will increase their operations in the US
More than a year after the sanctions imposed by China on crypto-miners, the North American territory serves as a replacement for all those crypto companies. However, BTC miners have had to adapt to the laws imposed in the country, mostly focused on reducing harmful gases. Since 2021, miners have promoted the use of renewable electricity to meet that...



Read Full Story: https://www.cryptopolitan.com/btc-miners-affected-increase-in-power-rates/

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