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TechShout - May 25, 2021 After giving a massive jolt to the cryptocurrency fans, Tesla CEO Elon Musk has now come forward to help form a Bitcoin Mining Council that will promote energy usage transparency” and “accelerate sustainability initiatives worldwide.” Musk earlier announced not to use the popular cryptocurrency Bitcoin as a payment mode to buy its electric vehicles, citing environmental harm. He said last week that the electric car maker will not sell any bitcoin and intends to use bitcoin for transactions as soon as mining moves to more sustainable energy. Now, Musk has me...

The Bitcoin Mining Council will consist of miners who commit to publishing current and planned renewable usage, Musk tweeted, calling the move “potentially promising”.

dulezidar via Getty Images Elon Musk has met with executives from leading North American bitcoin miners to discuss concerns over the industry's energy usage. The move comes a couple of weeks after Tesla, for which Musk serves as CEO, suspended bitcoin payments. At the time, the automaker said it was "concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel." Tesla purchased $1.5 billion worth of Bitcoin earlier this year to "diversify and maximize" its investment. Shortly after that, in March, it sta...

Elon Musk to help crypto miners form Bitcoin Mining Council Adv. New Delhi, May 25 (IANS) After giving a massive jolt to the cryptocurrency fans, Tesla CEO Elon Musk has now come forward to help form a Bitcoin Mining Council that will promote energy usage transparency” and “accelerate sustainability initiatives worldwide.” Musk earlier announced not to use the popular cryptocurrency Bitcoin as a payment mode to buy its electric vehicles, citing environmental harm. He said last week that the electric car maker will not sell any bitcoin and intends to use bitcoin for transactions as soon ...

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:...