Elon Musk Convinces Miners to Form ‘Bitcoin Mining Council’ to Promote Renewable Energy Usage – Mining Bitcoin News
According to new reports, CEO and founder of Tesla, Elon Musk, has been in talks with the top 5 largest mining pools to form an organization known as the “Bitcoin Mining Council”. The organization may be formed in order to promote the use of renewable energy in mining, as well as to work together to implement the Lightning Network on the Bitcoin mainnet. Given Musk’s involvement, the Council will likely be able to garner considerable attention in the Bitcoin community, which could lead to a new wave of adoption and assistance from miners in bringing the Lightning Network to life.
Elon Musk, the CEO of Tesla and SpaceX, has been dubbed a modern-day Nikola Tesla. In fact, he even has a private rocket, the Falcon Heavy, named after Tesla’s first successful rocket. Musk is seemingly a man on a mission, as more and more people are becoming aware of the need to promote renewable energy usage. He even recently showed his confidence in the future of renewable energy, when he invested in Solar City and Tesla. What many people don’t know is that Musk is a Bitcoin miner, who has been mining the Bitcoin digital currency since the beginning of this cryptocurrency.
In an effort to promote the use of renewable energy, a group of Bitcoin miners has formed a coalition that could have a positive impact on the Bitcoin (BTC) ecosystem. The group, which is called the Bitcoin Mining Council, comprises of some of the largest companies in the cryptocurrency mining industry. The Council first announced its formation via a Twitter post on Dec. 19, 2018, and shared a link to its official website.. Read more about elon musk bitcoin energy and let us know what you think.
Tesla CEO Elon Musk addressed North American bitcoin miners, who pledged to establish a bitcoin miners council to promote energy transparency and accelerate sustainability initiatives around the world. They also agreed to publish data on current and projected renewable energy use. The meeting was hosted by Michael Saylor, CEO of Microstrategy.
Elon Musk and Michael Saylor Miner agree to form Bitcoin Mining Council
Elon Musk, an engineer at Tesla, announced on Twitter on Monday that he had communicated with bitcoin miners. He wrote: I have spoken to North American bitcoin miners. They have committed to publishing data on current and planned renewable energy use and are asking mining companies around the world to do the same. Potentially promising. Microstrategy CEO Michael Saylor immediately tweeted a statement: Yesterday I had the pleasure of hosting a meeting between Elon Musk and North America’s largest bitcoin miners. Miners agreed to form a Bitcoin Mining Council to promote energy transparency and accelerate sustainability initiatives around the world. Saylor added that executives from Argo Blockchain, Blockcap, Core Scientific, Galaxy Digital, Hive Blockchain, Hut 8 Mining, Marathon and Riot Blockchain attended the meeting. According to the CEO of Microstrategy, the executives present agreed to create an organization to standardize energy reporting, achieve ESG goals for the sector, educate and develop the market. What do you think about Elon Musk persuading bitcoin miners to form a council to promote the use of renewable energy? Let us know your comments in the section below.
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bitcoin miners, bitcoin mining, bitcoin renewable energy, carbon footprint, Elon Musk, Elon Musk bitcoin, Elon Musk miners, Elon Musk renewable energy, Michael Saylor, microstrategy, renewable energy Photo credit: Shutterstock, Pixabay, Wiki Commons Denial: This article is for information only. It is not a direct offer or invitation to buy or sell, nor is it a recommendation or endorsement of any goods, services or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author shall be liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services referred to in this article.A group of Bitcoin miners have come together to form an organization called the Bitcoin Mining Council, which aims to promote the use of renewable energy by miners. In a Medium post, titled “A Miner’s Perspective on Bitcoin and Energy,” prominent Bitcoin miner Jihan Wu wrote: The Bitcoin mining industry has been criticized for its excessive energy consumption. Bitcoin’s energy consumption is currently about the same as the energy consumption of Singapore. The post also mentioned a number of efforts by prominent miners to reduce their energy usage.. Read more about elon musk dogecoin and let us know what you think.
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