Elon Musk & Michael Saylor Lead Effort By Bitcoin (BTC) Miners To Address Environmental Concerns

A little less than two weeks after Tesla TSLA +0.1% CEO Elon Musk kickstarted the plunge of bitcoin and other cryptocurrencies by announcing that the electric car manufacturer would stop accepting bitcoin as form of payment for its electric vehicles, citing environmental concerns, the mischievous billionaire tweeted that he met with executives of North American bitcoin mining companies. The meeting resulted in a newly-formed Bitcoin Mining Council, focused on promoting the adoption of sustainable cryptocurrency mining initiatives.

“Spoke with North American Bitcoin miners. They committed to publish current & planned renewable usage and to ask miners WW to do so. Potentially promising,” wrote Musk in a tweet published Monday at 3:42 pm E.T. On the announcement, the price of bitcoin jumped from $37,940 to $39,405.

Continue reading