Can crypto mining shed its energy consumption stigma? on May 25, 2021, 9:08 19 comments
Recap: Elon Musk, a bona fide crypto mover and shaker, said on Twitter earlier this month that Tesla would no longer be accepting Bitcoin for transactions due to environmental concerns. Specifically he said they were concerned about the rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which he said has the worst emissions of any fuel.
Executives from some of the leading Bitcoin mining outfits in the US recently met to discuss the impact that mining has on the environment.
The event was hosted by MicroStrategy CEO Michael Saylor and attended by representatives from Argo, Blockcap, Galaxy Digital, Hive Blockchain Technologies and Marathon Digital Holdings, among others. Tesla’s Elon Musk was also in attendance, and spoke about the gathering on Twitter.
Elon Musk, Michael Saylor establish Bitcoin Mining Council to promote renewable energy usage fxstreet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fxstreet.com Daily Mail and Mail on Sunday newspapers.
Elon Musk and Bitcoin miners say they want to address crypto s sustainability problem theverge.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theverge.com Daily Mail and Mail on Sunday newspapers.
Image source: Getty Images.
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