Image default
Crypto Guide

Achieving prosperity through cryptocurrency mining?

Cryptocurrencies have a lot of detractors. But, they also have defenders, even in the highest political spheres. In the United States, for example, a legislator recently showed his full support for Bitcoin (BTC) mining.


Cryptocurrency mining would be good for both miners and the environment

Under tweet from Bitcoin Archive on August 21, US Senator Ted Cruz said that bitcoin (BTC) mining leads to the prosperity of the families involved by spawning entrepreneurs. It must be said that Cruz has been showing his support for the Bitcoin network for some time. He even revealed that he wants Texas to become a “ oasis on the planet for Bitcoin and cryptocurrencies ».

Currently, the Texas government is making every effort to promote and attract BTC miners. For example, it has deployed a system to compensate them for stopping mining in the event of high demand for electricity. In addition, legislator Cruz has recently stated that bitcoin mining constitutes “ a net benefit for the environment ». According to him, the operation is especially advantageous if miners use renewable energy sources.

In an interview, he claimed: “ Cryptocurrencies are a clear advantage for the environment. Being able to unlock a lot of renewable energy is important for the environment. Taking stranded natural gas and putting it to productive use is a big plus point. […] Bitcoin is also a room full of entrepreneurs, full of people who support their families, and this prosperity is also a net benefit for the environment. ».

According to US Senator Ted Cruz, bitcoin (BTC) mining is a good thing. And, Texas is an ideal place to carry out this operation. This state could even favor the strengthening and resistance of the Bitcoin network.

Receive a digest of the news in the world of cryptocurrencies by subscribing to our new daily and weekly newsletter service so you don’t miss anything essential Cointribune!

Luc Jose Adjinacou avatar
Luke Jose Adjinacou

Far from having cooled my ardor, an unsuccessful investment in 2017 on a cryptocurrency only increased my enthusiasm. I therefore resolved to study and understand the blockchain and its many uses and to relay information related to this ecosystem with my pen.

Related posts

What are drivechains?

Edward Soriano

Will KYC kill crypto?

Edward Soriano

Is bitcoin (BTC) better than gold?

Edward Soriano