Can the USA take over mining?

[Sharavanabhava]

So here is an article that made me think:

Bitcoin as a National Defense Strategy: A New Perspective for the United States
https://bitcoinnews.ch/43406/usa-bitcoin-als-nationale-verteidigungsstrategie/

The text is in German, sorry, but just scroll down for some interesting quotes (in English) and especially that hand-drawn paper which just blew me away. Here is a translation for the begin of the text (the bold paragraph):

> Jason Lowery's recommendations on US Bitcoin strategy make it clear that the United States is underestimating the strategic
> importance of Bitcoin by viewing this cryptocurrency as merely a financial asset. Bitcoin represents an innovative use of physical
> energy - measured in watts - to secure cyberspace. For the first time in history, Bitcoin enables people to become cyber-sovereign
> by securing information and digital assets in a decentralized network based on physical energy rather than trust. This development
> is as revolutionary as securing land, sea, air and space - and its strategic importance is still massively underestimated. [...]  The
> amount of Bitcoin the US currently holds as a strategic reserve is also arguably insufficient. Lowery points out that if the
> United States takes a strategic view of "Bitcoin = Bitpower," it must recognize that even one million units could barely
> meet national demand.

What happens if policy makers are actually coming to the realization that the USA needs as many BTC as they can get?
What if they really go all-in on mining like Trump wants anyway... develop their own mining equipment and mine at full steam with a few nuclear power plants so that no other miner can keep up? If they did anything to dominate the network? Not to kill Bitcoin but to mine the remaining ones before other players do.

I suspect that my way of thinking is flawed and that similar questions have probably been asked before. But given the current political situation, the US government's shift towards crypto & Musk, and that super-interesting drawing, I dare to ask you anyway. Thank you.

[Kavelj22]

I don’t see it as a possible scenario for the US to take over Bitcoin mining. No country can take over Bitcoin mining because of its decentralized and open-source nature. Bitcoin is designed to be decentralized, meaning it is not controlled by any single government or institution. The widespread distribution of mining hardware around the world makes it difficult for any country to monopolize the mining industry. Also, the Bitcoin protocol is open source, meaning that anyone can participate in mining. Any attempt by the US to take control mining will face significant resistance from the global cryptocurrency community because it would go against the core principles on which Bitcoin was built.

[Richterdark]

Everything will be fine, you can't panic ahead of time.

[Marvell1]

I don’t see it as a possible scenario for the US to take over Bitcoin mining. No country can take over Bitcoin mining because of its decentralized and open-source nature. Bitcoin is designed to be decentralized, meaning it is not controlled by any single government or institution. The widespread distribution of mining hardware around the world makes it difficult for any country to monopolize the mining industry. Also, the Bitcoin protocol is open source, meaning that anyone can participate in mining. Any attempt by the US to take control mining will face significant resistance from the global cryptocurrency community because it would go against the core principles on which Bitcoin was built.

With their power and potential they could do it if they really wanted to but this scenario is really not feasible because what makes bitcoin special is its decentralized nature and if someone breaks that nature then people will lose interest in bitcoin. If everyone left bitcoin, the US government's control of bitcoin would be useless, so I don't think they would be stupid enough to do that.

But instead, they will likely seek to hold a majority of the bitcoin supply and manipulate the market in their favor. If Trump really wants to make Bitcoin a national reserve strategy, it can happen and there is nothing we can do to stop them. Like ETFs are buying bitcoin every day, many of us are worried and don't like it but we can't seem to stop them from buying bitcoin.

[Kavelj22]

I don’t see it as a possible scenario for the US to take over Bitcoin mining. No country can take over Bitcoin mining because of its decentralized and open-source nature. Bitcoin is designed to be decentralized, meaning it is not controlled by any single government or institution. The widespread distribution of mining hardware around the world makes it difficult for any country to monopolize the mining industry. Also, the Bitcoin protocol is open source, meaning that anyone can participate in mining. Any attempt by the US to take control mining will face significant resistance from the global cryptocurrency community because it would go against the core principles on which Bitcoin was built.

With their power and potential they could do it if they really wanted to but this scenario is really not feasible because what makes bitcoin special is its decentralized nature and if someone breaks that nature then people will lose interest in bitcoin. If everyone left bitcoin, the US government's control of bitcoin would be useless, so I don't think they would be stupid enough to do that.

But instead, they will likely seek to hold a majority of the bitcoin supply and manipulate the market in their favor. If Trump really wants to make Bitcoin a national reserve strategy, it can happen and there is nothing we can do to stop them. Like ETFs are buying bitcoin every day, many of us are worried and don't like it but we can't seem to stop them from buying bitcoin.

The only solution is to attract with tax breaks on the activity and this may push many mining pools to move to the US or stamp Bitcoin with a Made in USA stamp. I don't think it is technically difficult to add a signature to Bitcoin mined in the US but I don't see any point in doing so because it will be distributed to millions of new addresses.

[natotech]

And where is it easier to mine? In Europe or the USA?

[DeathAngel]

I don’t think electricity prices are cheap enough in America for them to become the number one mining destination in the world for Bitcoin miners. I am happy to be proved wrong but I just don’t see it as a reality. Obviously now that Trump will be the President the chances are higher but I still don’t think it will happen.