Summary
- COO Ethan Vera reported that President-elect Trump promised to mine all Bitcoin in the United States.
- However, he expressed skepticism about the feasibility, noting that U.S.-based mining companies account for less than 50% of the total computing power.
- He added that the competition with China and Russia makes it difficult to fulfill such a promise.
Ethan Vera, Chief Operating Officer (COO) of the cryptocurrency mining service company Luxor Technologies, stated in an interview with Bloomberg on the 26th (local time) that "President-elect Donald Trump has previously mentioned that he would actively encourage Bitcoin (BTC) mining within the United States," adding that "the promise is to mine all remaining Bitcoin in the U.S."
He continued, "However, there is skepticism about the feasibility of Trump's promise," explaining that "the share of U.S.-based mining companies in the total computing power used for Bitcoin mining is less than 50%, and they are competing with China and Russia."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
