Bitcoiners Intensely Skeptical Of Elon Musk Leading Bitcoin Mining Council
What Happened: In an interview with Bloomberg TV, popular
Bitcoin (CRYPTO: BTC) proponent and partner at Castle Island Ventures Nic Carter said that Elon Musk isn’t the best person to take charge on working towards a more environmentally-friendly Bitcoin mining process.
“Bitcoiners are still intensely skeptical of him, and they view him as conflicted frankly, given that his business partially involves the sale of offsets,” he said.
Still, Carter acknowledged that the
Tesla Inc (NASDAQ:TSLA) CEO’s proposal for miners to be more transparent about their energy mix is a good proposal for the industry, regardless of who it’s coming from.
Bitcoin struggles as sellers return following brief rally
Despite a collection of positive news stories overnight, the original digital currency was failing to make much headway on Tuesday afternoon
Bitcoin prices were struggling to make headway early on Tuesday afternoon following a brief spurt overnight as sellers returned to the digital currency.
At the time of writing, the digital coin is down 2.2% in the last 24 hours at US$36,881, giving it a market cap of around US$690bn.
The stalled recovery came despite a number of positive news stories overnight that saw Bitcoin reach its highest value since last Friday in the early hours of Tuesday morning before dropping back as the day progressed.
Argo Blockchain joins new Bitcoin Mining Council set up after Elon Musk call
The BMC is comprised of several North American cryptocurrency miners to promote energy transparency and improve sustainable mining practices
Argo Blockchain PLC (LON:ARB) said it has joined the newly formed Bitcoin Mining Council (BMC), an organisation comprised of North American cryptocurrency miners designed to promote energy transparency and improve sustainable mining practices.
The company said miners in the region had come together on Sunday to discuss ESG issues related to Bitcoin mining with Tesla Inc (NASDAQ:TSLA) boss Elon Musk, and following a 90-minute call, the participants agreed to form the BMC.
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