While the Bitcoin miners in China reel from the after-effects of the country’s latest crypto attack, miners on the other side of the planet are reportedly forming a new council to promote sustainable mining.
Involved in the cause are North American mining companies, Bitcoin firms, and Tesla CEO Elon Musk himself.
“Spoke with North American Bitcoin miners. They committed to publish current & planned renewable usage & to ask miners WW to do so,” said Musk in a tweet this morning. “Potentially promising,” he added.
Spoke with North American Bitcoin miners. They committed to publish current & planned renewable usage & to ask miners WW to do so. Potentially promising.
— Elon Musk (@elonmusk) May 24, 2021
Bitcoin’s energy problem
Mining, for the uninitiated, uses up a massive computing system that solves millions of complex calculations each second to validate transactions on the Bitcoin network (a process known as ‘proof of work’).
This, however, requires
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