Chamber of Digital Commerce launches Digital Power Network miners’ coalition
The DPN will work alongside the Digital Energy Council, a lobbying group founded in August by former Chamber director of energy policy Thomas Mapes. Magazine: Bitcoin is on a clash with Net Zero pledges
Cryptocurrency miners have a brand-new voice in Washington with the launch of the Digital Power Network (DPN), a new coalition affiliated with the Chamber of Digital Commerce. “Bitcoin Mining will play a crucial role in rebuilding energy self-reliance in the USA,” Sessions tweeted at the time.Related: Micro $3 Bitcoin miners will not make bank, but thats not the point– InventorsThe DPN is debuting with 11 members– Argo, BitDigital, BitFarms, Coinmint, Cipher Mining, DigitHost, Hive, Marathon, Riot, Sustainable Bitcoin Protocol and Terawulf. Together they represent over 50% of the U.S. Bitcoin (BTC) hash rate, the DPN stated.
Cryptocurrency miners have a new voice in Washington with the launch of the Digital Power Network (DPN), a brand-new coalition affiliated with the Chamber of Digital Commerce. The network is off to an appealing start, with a number of the United States most significant miners on board.The DPN is the first affiliate of the Chamber, and shares a lot of the very same staff member. Its origins extend back to the Chambers Mining Initiative, which “pioneering the introduction of the very first pro-proof-of-work resolution in the U.S. House of Representatives.” Rep. Pete Sessions resolution on proof-of-work crypto mining. Source: govinfo.govAlena Ricci, vice present of marketing at the Chamber and head of marketing at the DPN, discussed to Cointelegraph that the resolution was submitted by Texas congressman Pete Sessions in March. “Bitcoin Mining will play an important function in reconstructing energy self-reliance in the USA,” Sessions tweeted at the time.Related: Micro $3 Bitcoin miners wont make bank, however thats not the point– InventorsThe DPN is debuting with 11 members– Argo, BitDigital, BitFarms, Coinmint, Cipher Mining, DigitHost, Hive, Marathon, Riot, Sustainable Bitcoin Protocol and Terawulf. Together they represent over 50% of the U.S. Bitcoin (BTC) hash rate, the DPN stated. According to a declaration:” The Digital Power Network spearheads policy advocacy for digital possession mining and shapes the future of energy policy. Its objective is to promote Bitcoin and blockchain innovation to reinvent energy markets.” The DPN has its work cut out for it. A costs reintroduced into Congress in March, prior to Sessions resolution, would require the Environmental Protection Agency to investigate crypto miners. The Biden Administration consisted of a 30% tax on electricity used by crypto miners in its FY2024 budget, although that proposal may have been dropped. Amazing News!Today, were thrilled to reveal the launch of @digitalpowerUS, a visionary consortium thats set to reinvent the energy landscape! Representing over 50% of U.S. #Bitcoin Hash Rate, this effort is a game-changer for the future of energy policy. pic.twitter.com/8wtpRy1dyD— Perianne (@PerianneDC) September 19, 2023