Elon Musk and Michael Saylor meet with North American BTC miners in a bid to make Bitcoin mining greener
On May 17, Elon Musk posted a tweet announcing that Tesla no longer accepts payment in Bitcoin BTC because mining is too polluting for the planet.
A message that immediately brought down the BTC price and the entire crypto market to everyone’s surprise.
True to his commitments, the CEO of Tesla therefore wants to work with Bitcoin miners to make crypto mining greener through the use of renewable energies.
Elon Musk and Michael Saylor, CEO of MicroStrategy, announced that they had met with North American BTC miners to form a working group and bring the crypto mining industry to use non-polluting but renewable energies.
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
Michael Saylor also commented on this meeting and the Bitcoin Mining Council.
Yesterday I was pleased to host a meeting between @elonmusk & the leading Bitcoin miners in North America. The miners have agreed to form the Bitcoin Mining Council to promote energy usage transparency & accelerate sustainability initiatives worldwide. https://t.co/EHgLZ9zvDK
— Michael Saylor (@michael_saylor) May 24, 2021
Michael Saylor also indicated that the meeting attendees included leading crypto mining companies in North America, with the participation of executives from Argo Blockchain, Blockcap, Core Scientific, Galaxy Digital, Hive Blockchain, Hut 8 Mining, Marathon Digital Holdings and Riot Blockchain.
The goal is to form the Bitcoin Mining Council, an industry working group that will organize initiatives to standardize energy reports, pursue ESG (environmental, social, corporate governance) objectives. industry, educate and further develop the crypto and blockchain space.
This Bitcoin Mining Council must above all accelerate sustainable development initiatives for cryptocurrency mining around the world.
Argo Blockchain CEO Peter Wall said:
“As a founding member of the Bitcoin Mining Council, Argo will do everything possible for sustainable mining and more transparency. This is the way !”
Elon Musk’s and Michael Saylor’s posts have been well received by the crypto community, making crypto mining greener can only be a positive initiative for the environment.
Bitcoin fans who also blame Elon Musk for bringing down the price of Bitcoin.
The Bitcoin price has also received this news positively, a BTC price going back up and currently around $38,830 on Kraken.