The miners have decided to establish the Bitcoin Mining Council to address BTC sustainability issues.
Tesla CEO Elon Musk revealed that he recently met with executives of Bitcoin mining companies in North America over BTC environmental concerns. While announcing the meeting with North American Bitcoin miners on the 24th of May, Musk added that the miners are now “committed to publish current & planned renewable usage & to ask miners WW to do so.” The CEO seemed pleased with the latest development surrounding Bitcoin mining. He noted in the tweet that the miner’s move is “potentially promising.”
Spoke with North American Bitcoin miners. They committed to publish current & planned renewable usage & to ask miners WW to do so. Potentially promising.
Greenidge Generation Announces it Will Become Carbon Neutral weny.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from weny.com Daily Mail and Mail on Sunday newspapers.
Chinese power output is in recovery and bitcoin mining is starting to play a noticeable role in the country’s demand profile. Also in China, oil buyers are adjusting their procurement in response to recent tax changes. Plus, EU Carbon, Nord Stream 2, and iron ore. 1. Bitcoin mining may represent growing share of China’s power .
Ethereum poised to dramatically cut the amount of energy it uses
Can the cryptocurrency overthrow Bitcoin? Analysts say it’s possible 05/24/2021
Photo (c) jpgfactory - Getty ImagesThere’s a possible game-changing shift afoot in the cryptocurrency world. Supporters of Ethereum currently the number two digital currency behind Bitcoin claim that a breakthrough in its structure could reduce its current 45,000-gigawatt usage to 1/10,000th of that level.
Energy is not an aspect of cryptocurrency that’s been talked about much, but it’s a crucial element. By design, it takes vast amounts of energy to keep systems related to cryptocurrency running. That’s because everything is computer-based, and if the integrity of a cryptocoin’s blockchain isn’t kept secure, the coin’s functionality could implode.