Dennis Porter has recently conducted a presentation on Bitcoin mining and its environmental impact.
The New Hampshire governor recently conveyed that the legal and regulatory status of digital assets was “highly uncertain.”
Bitcoin education is booming worldwide as many investors and platforms enter the blockchain domain.
Nowadays, several crypto-based organizations are coming forward to expand crypto education. Under this, Dennis Porter, co-founder and CEO of the Bitcoin mining support group Satoshi Action Fund, has conducted a presentation on the “Benefits of Bitcoin Mining.”
Shared my presentation on the ‘Benefits of #Bitcoin Mining’ for Hill staffers in the Senate Finance Committee Hearing room.
His recent tweet reveals that Porter presented an educational briefing regarding the advantages of Bitcoin mining for Congressional staff on January 26 at the Senate Finance Committee hearing room. Following this, Dennis Porter shared a new tweet about the mining policy.
During the past week, Porter gave an elaboration on the benefits of Bitcoin for the environment, taxpayers, and local economy at the Mississippi Senate hearing.
Bitcoin Mining Expands
In September, Dennis Porter and industrial experts conducted a presentation regarding the Bitcoin mining process and its environmental impact for the Commission on Cryptocurrencies and Digital Assets in New Hampshire. After analyzing the experts’ reviews, the commission has recently released its report.
The report conveys that:
The Commission recommends that the Governor and the Legislature direct the NH Department of Energy to conduct a public review of how bitcoin mining operations might be integrated into a statewide energy plan with positive impacts on the electricity system, including contributing to a more stable electricity grid, more sustainable generation projects, and lower costs for consumers generally.
However, Chris Sununu, the Governor of New Hampshire, stated in a January 19 announcement that the commission had found that the legal and regulatory status of cryptocurrencies and digital assets was extremely ambiguous. That hampered development and resulted in less protection for consumers and investors.
At the same time, BTC mining is expanding in more parts of the United States. According to reports, the United States will open its first nuclear-powered Bitcoin mining facility in Pennsylvania in 2023.