Science

US Already Mining and Mining Bitcoin, Says Specialist

The US government is already mining bitcoin, according to Whit Gibbs, CEO of Compass Mining, an industry expert and a government advisor.

In a Dec. 1 interview on Anthony Pompliano’s Best Business Show, Gibbs and Pompliano discussed the nation states that mine bitcoins. While El Salvador openly exploits cryptocurrencies, most countries remain more discreet about their bitcoin mining activities. Anthony Pompliano then cited Venezuela as another nation mining digital gold before asking Gibbs what it would take for the United States to start mining for gold.

At the time, Gibbs confidently stated that “America is already mining …” before correcting himself and belatedly adding the word “maybe.”

Maybe bitcoin mining

The crypto mining expert then added: “They might have 10-20 watts running somewhere in the Midwest to test it. Can be. It’s hypothetical, he said with a knowing smile, but it’s a matter of national security. “

“It is the future financial instrument on which many, many things will be built. Nations would have to be completely insane not to expose themselves to the underlying infrastructure that sustains it. So I think the United States is at the forefront. We have had many conversations with the government in Washington. [et] state governments to educate them, but they are very forward thinking when it comes to supporting this project. “

Changing the topic of conversation, Gibbs added that bitcoin mining will be a great method for developing countries. He then explained that the measures taken in El Salvador will be successful for the next 20 to 30 years.

A risky game

Anthony Pompliano invited you to join him for a game of “story poker” before giving details about a US government law enforcement agency involved in bitcoin mining.

According to Anthony Pompliano, the agency in question found it difficult to get budget approval to buy bitcoins, but by adding more computers to their budget, they were able to mine their own BTC to use in undercover operations. Anthony Pompliano claimed that he was told by a former agent that this secret mining had been carried out since 2013.

Anthony Pompliano then invited Gibbs to share another story with his viewers. That’s when Gibbs said, “This is how you get in trouble.”

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