Bitcoin Mining and Rising Energy Bills — Sen. Warren vs. CryptoTwitter

Bitcoin Mining and Rising Energy Bills — Sen.  Warren vs.  CryptoTwitter

US Senator Elizabeth Warren blamed the Bitcoin (BTC) mining industry for rising energy prices in US households based on unverified mainstream reporting. However, Crypto Twitter was not ready to let it slide and unanimously decided to clarify the disinformation.

While Senator Warren has prominently spoken out against the crypto ecosystem, the latest dig at Bitcoin mining comes based on a New York Times article. The report accuses Bitcoin miners of monetizing electricity and indirectly forcing the public to pay the price. The narrative fit Warren’s perception of the crypto industry as she tired:

“I have sounded the alarm about the risk that Bitcoin poses to the power grid and our climate. The US Environmental Protection Agency and the Department of Energy should use their authority to require cryptominers to disclose their energy use and emissions.”

To help Warren rethink and make an informed decision, many entrepreneurs responded and tried to fix the misconception. Bitcoin podcaster Stephan Livera dismissed the NYT report outright, saying that “the NYT report is filled with disinformation.”

On the other hand, MicroStrategy founder and chairman Michael Saylor contradicted Warren’s statement. He explained how Bitcoin mining does not contribute to pollution but helps reduce energy bills.

Others from the Crypto Twitter community tried to tag Tesla CEO and Dogecoin (DOGE) supporter Elon Musk in the conversation, who has been actively trying to stamp out disinformation campaigns on his newly owned social media platform.

The New York Times was one of the first news publications to fall victim to Musk’s assault on disinformation and propaganda. Twitter recently removed the verified blue badge from the NYT’s primary account after the organization refused to comply with the subscription requirement. Cointelegraph reported on a method to find out who paid for Twitter Blue verification.

See also  Bitcoin Up as Fed Announces 0.75 basis point rate hike

Related: Elon Musk is reportedly buying thousands of GPUs for Twitter AI project

In a recent FOX interview, Musk revealed the development of a ChatGPT rival known as TruthGPT. According to the founder, TruthGPT is a large language model to be trained to explore the mysteries of the universe. In his words:

“I’m going to start something that I call TruthGPT, or a maximum truth-seeking AI that tries to understand the nature of the universe.”

In the interview, Musk told Fox anchor Tucker Carlson that ChatGPT “is programmed by left-wing experts, who train the chatbots to lie.”

Blade: US law enforcement agencies are turning up the heat on crypto-related crime

You may also like...

Leave a Reply

Your email address will not be published. Required fields are marked *