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BREAKING: Bitcoin Miners Suddenly Realize They’re Not the Apocalypse, Just Ideal Energy Customers – Regulators Still in Dark Ages

BitcoinBlockchainCrypto News Barry Thompson October 8, 2024

A miner stands proudly next to a giant renewable energy source (solar panels) with a green checkmark above it and the grid stability symbol below. In contrast, another miner is shown being chased away by angry regulators represented as dark storm clouds.

The never-ending saga of crypto attempting to rebrand itself as ‘green’ and ‘eco-friendly’. The latest spin from BTC miners: they’re not energy vampires, but rather the ideal customers for power companies! Aydin Kilic, president of Hive Digital, claims that when asked nicely, Bitcoin miners can magically reduce their electricity usage in seconds. Because, you know, data centers are notoriously known for being able to adjust their massive energy consumption on a whim. And let’s not forget about all those pesky regulations getting in the way of this ‘green’ revolution – Hive is busy educating politicians (read: bribing them) at various levels to get subsidies and support for their operations. Because nothing says ‘eco-friendly’ like revoking subsidies from data centers as part of a long-term environmental strategy… .

Source: cointelegraph

BTC miners are ideal energy consumers, but regulators need to catch up — Hive
https://cointelegraph.com/news/miners-ideal-energy-consumers-regulators-catch-up-hive
Embracing regulators has become a critical part of the Bitcoin (BTC) mining business as governments worldwide largely overlook the role of data centers in supporting grid stability and even the transition to clean energy sources. In an exclusive interview with Cointelegraph editor Sam Bourgi during the Proof of Work Summit in Germany, Aydin Kilic, president and CEO of the mining firm Hive Digital, shared the company’s strategy to overcome regulatory […]

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About the author

Barry Thompson

Barry’s crypto nightmare began when he bought Bitcoin at $3, thinking he’d stumbled upon the financial opportunity of a lifetime. He sold his stash at $100, only to watch in dismay as Bitcoin soared to absurd heights. Now, Barry channels his rage into scathing articles about the crypto circus, seething with resentment at the digital gold rush he barely missed. His motto: “I sold out at $100, but the joke’s on me because the real joke was believing in this absurd circus.”

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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