June 15, 2021

Elon Musk discussed the prospects for "green mining" with industry representatives

Elon Musk discussed the prospects for "green mining" with industry representatives

After loud statements about the refusal to accept Bitcoin due to environmental damage, Elon Musk decided to improve ecological reputation of the first cryptocurrency.

Over the weekend, the Tesla CEO met with representatives from "leading North American mining companies." Michael Sailor was the host of the event.

During the meeting, it was decided to createBitcoin Mining Council. The council will monitor the carbon footprint and promote the use of renewable energy to mine the first cryptocurrency.

Elon Musk discussed energy costs with the leaders of Argo Blockchain, Blockcap, Core Scientific, Galaxy Digital, HIVE Blockchain, Hut8 Mining, Marathon and Riot Blockchain.

The initiative did not resonate with all miners.For example, Bitcoin veteran Marshal Long noted that Musk spoke with representatives of the low-level industry. His interlocutors control only a small percentage of the hash rate and do not affect the market. In his opinion, such negotiations should be conducted with large mining pools that control at least 15% of the hash rate.

Subscribe to ForkNews on Telegram to stay updated on news from the world of cryptocurrencies