U.S. lawmaker and Bitcoin attorney Cynthia Lummis has hinted that cryptocurrency miners are welcome in Wyoming. In a recent interview, the senator defended Bitcoin’s carbon footprint and later invited miners to her home state via social media.
Crypto mining adapted to carbon-free energy
With the ongoing crackdown on cryptocurrency mining in China, coin minting companies have actively sought friendlier jurisdictions to relocate their operations. In the United States, some prospects have emerged, with Texas and Florida now among the prominent examples. Both states can offer crypto miners access to affordable energy.
Wyoming, which has had a positive outlook on cryptocurrencies for a while, can easily become the next bitcoin mining hotspot. Wyoming Sen. Cynthia Lummis, a noted Bitcoin supporter, recently took to Twitter to welcome crypto miners to the state and urge them to come forward.
PS – If you are in the #bitcoin mining section, please contact. We WANT you in Wyoming. https://t.co/OUPAEYTXTG
– Cynthia Lummis (@CynthiaMLummis) July 3, 2021
Lummis tweeted her call on Saturday and released an excerpt from her interview from the CNBC Financial Advisor Summit defending Bitcoin’s environmental record. The Senator referred to research by the University of Cambridge, which found that around 40% renewable energy is used in bitcoin mining, while the indicator in the non-bitcoin mining economy is only 12%. She emphasized:
Bitcoin mining is already more environmentally adapted to non-carbon emitting energy sources.
Bitcoin mining isn’t an energy villain, says Cynthia Lummis
The Wyoming Senate representative also drew attention to the “innovation that happens behind the scenes” in the crypto mining industry, setting an example with her own high-energy state. Wyoming is an oil and gas producer, and when a new well is drilled, it is initially disconnected from a pipeline, Lummis said. With mobile mining platforms that can be installed and operated close to the source, Bitcoin miners help to use the gas that otherwise escapes into the atmosphere.
“I would say – don’t judge Bitcoin mining as an energy villain. There are many things that prove otherwise, ”the legislature concluded. Cynthia Lummis also noted that mining cryptocurrency helps the drilling industry in a way that keeps carbon out of the air while it is used to make another product in the form of bitcoin.
The race for crypto miners is on in the USA. Miami Mayor Francis Suarez recently did his best to attract mining companies leaving China. “Hey, we want you here,” Suarez told her in another interview with CNBC, stressing that his region relies on nuclear power, which is a source of clean and cheap electrical energy.
Do you expect a lot of crypto miners to move from China to the US? Do share your thoughts on the matter in the comments below.
Tags in this story
Bitcoin, Bitcoin Miners, Bitcoin Mining, Carbon, Carbon Footprint, Crypto, Crypto Miner, Crypto Mining, Cryptocurrency, Cynthia Lummis, Environment, Interview, Lummis, Miners, Mining, Senator, State of Wyoming
Photo credit: Shutterstock, Pixabay, Wiki Commons
Disclaimer of liability: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement for any product, service, or company. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author are directly or indirectly responsible for any damage or loss caused or allegedly caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.