ELON Musk says he has met with North American Bitcoin miners who have committed to publishing renewable energy usage to address concerns around the crypto-coin’s environmental impact.
The price of Bitcoin jumped about 4% Monday afternoon after billionaire entrepeneur 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.
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