Elon Musk and Bitcoin miners say they want to solve the sustainability problem of cryptocurrencies

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MicroStrategy CEO Michael Saylor mentioned on Twitter on Monday that after a weekend assembly with Tesla CEO Elon Musk and “Leading Bitcoin Miners in North America” , The group agreed to set up a Bitcoin Mining Committee to “improve the transparency of energy use” [and] Accelerate the tempo of sustainable growth initiatives on a worldwide scale. “

Musk tweeted earlier in the day that the group “committed to release current and planned renewable energy uses and asked miners WW to release it. Potential hope.” According to Saylor, the group’s members embody Argo Representatives of Blockchain, Blockcap, Core Scientific, Galaxy Digital, Hive Blockchain Technology, Hut 8 Mining, Marathon Digital Holdings and Riot Blockchain.

Emails despatched to every firm cited by Saylor is not going to be returned instantly on Monday, however will come from Galaxy spokespersons. Confirm to Bloomberg A consultant participated in the convention name. Several different firms talked about tweeted their help for the plan. Hut 8 Mining Confirming that is half of the dialogue talked about by Saylor, and mentioned in a tweet that it’ll “educate the market that sustainable mining is possible and a priority.”

Peter Wall, CEO of Argo Blockchain, tweeted “As a founding member of the Bitcoin Mining Council, Argo will work hard to achieve sustainable mining and increase transparency. This is the way!” Merrick Okamoto, Executive Chairman of Marathon Digital Holdings Tweet The firm will do its half to “contribute to sustainable mining and transparency.”

Although Tesla began accepting Bitcoin as fee for automobiles in March, Musk changed that position Earlier this month, he expressed his concern for the surroundings. “On all levels, cryptocurrency is a good idea, and we believe it has a bright future, but this will not bring huge losses to the environment,” Musk tweets. Since then, he has repeatedly talked about the sustainability of cryptocurrencies.

Bitcoin mining consumes quite a bit of electrical energy, the quantity of electrical energy consumed yearly As the netherlands, Based on an estimate. This is opposite to Tesla’s mission of “accelerating the world’s transition to sustainable energy.” There had been no particulars on how the miners plan to solve Bitcoin’s environmental issues on Monday-whether by altering the blockchain or utilizing carbon offset measures like giant firms.