A Bitcoin Mining Council To Address Excessive Energy Consumption

Global Crypto News
Published on: 25.05.2021

A bitcoin mining council is formed to promote and establish a standardize energy reporting, pursue industry ESG goals, as well as educate and grow the marketplace.

MicroStrategy CEO Michael Saylor announced on a tweet that he hosted a meeting with Tesla CEO Elon Musk and Bitcoin mining companies in North America.

Included in the meeting are Argo Blockchain, Block Cap, Core Scientific, Galaxy Digital, HIVE Blockchain, Marathon Digital Holdings, Riot Blockchain and Hut 8 Mining.

Together,they formed a bitcoin mining council that will promote sustainable crypto mining alternatives and transparency.

This news comes amidst the growing concerns of bitcoin mining’s excessive energy consumption.

#SmartCrypto

Related
$90M Nobitex Hack Tied to Israel-Iran Conflict
Global Crypto News
21.06.2025
$90M Nobitex Hack Tied to Israel-Iran Conflict
Stablecoins Break into Mainstream Finance
Global Crypto News
14.06.2025
Stablecoins Break into Mainstream Finance
Web3 Innovation Goes Global
Global Crypto News
07.06.2025
Web3 Innovation Goes Global
Futu’s U.S. Crypto Service and Cantor’s Expansion
Global Crypto News
31.05.2025
Futu's U.S. Crypto Service and Cantor's Expansion
U.S. Senate Advances Stablecoin Regulation
Global Crypto News
24.05.2025
U.S. Senate Advances Stablecoin Regulation
Stay Up to Date with Us
Market Stats:
BTC Dominance: 59.79%(-0.19%/24h)
ETH Dominance: 12.33%(-0.04%/24h)
Defi Market Cap: $117.88B(+10.43%/24h)
Total Market Cap: $3476.47B(-1.65%/24h)
Total Trading Volume 24h: $228.62B(+37.75%/24h)
ETH Market Cap: $429.03B
Defi to ETH Ratio: 27.48%
Defi Dominance: 3.31%
Altcoin Market Cap: $1397.9B
Altcoin Volume 24h: $143.2B
Total Cryptocurrencies: 36462
Active Cryptocurrencies: 9349
Active Market Pairs: 115985
Active Exchanges: 889
Total Exchanges: 11395
BTC: 104183.79$(1.18%/1H)
ETH: 3548.88$(2.05%/1H)
AVAX: 16.69$(1.46%/1H)
BNB: 961.07$(2.09%/1H)
MATIC: 0$(0.95%/1H)
FTM: 0$(-0.27%/1H)
ADA: 0.55$(2.33%/1H)
DOT: 2.63$(2.21%/1H)
UNI: 5.21$(1.44%/1H)
LINK: 15.3$(2.94%/1H)
CAKE: 2.23$(2.25%/1H)
SUSHI: 0.45$(1.96%/1H)
ONE: 0.01$(2.03%/1H)