ELON Musk says he met with North American Bitcoin miners who have committed to publishing renewable energy usage in order to address concerns around the crypto-coin’s environmental impact.
The price of Bitcoin jumped about 4% yesterday after the billionaire entrepreneur tweeted that he was having active discussions regarding the sustainability of the digital coin.
The Tesla founder tweeted: “Spoke with North American Bitcoin miners. They committed to publish current & planned renewable usage & to ask miners WW to do so. Potentially promising.”
It came as China cracked down on coin mining and Bitcoin sat at just 50% of it all-time high on Sunday. However, a small rebound this morning saw Bitcoin’s value rise from $32,000 to $36,000.
The Ethereum, Cardano and Dogecoin currencies are also suffering though all three remain significantly up on where they were at the start of 2021.
The market turmoil comes after China launched a cryptocurrency crackdown, which has led to top mining companies shutting down.
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