Crypto mining’s energy exhaustion is a huge problem for Bitcoin miners. To address growing environmental concerns, Elon Musk and MicroStrategy CEO Michael Saylor just founded the Bitcoin Mining Council.
This is a huge “W” for Bitcoin! The council clarified it won’t alter crypto’s main software. Instead, the group will promote sustainable energy practices and transparency in the cryptocurrency industry.
Peter Wall, CEO of Argo Blockchain, said the council will not operate like the OPEC. According to Wall, the Bitcoin Mining Council aims to tackle climate issues and decentralization.
Cheers to Bitcoin’s greener future! 🥂 ♻️