The founder of Tesla, Elon Musk, should better study the mining of the first cryptocurrency, since it is much more environmentally friendly than people think. This was stated by the CEO of the Froxbit.com exchange, Jess Powell, in an interview with Bloomberg.
He admitted that there may be more “green” alternatives to bitcoin. But, in his opinion, people overestimate the harm of cryptocurrency for the environment.
The extraction of digital gold makes it possible to utilize a large amount of excess and lost energy, and also contributes to the development of the electricity sector based on renewable sources, Powell believes.
“I do not know how long Elon has been studying mining, but I hope he will explore this topic a little more,” Powell said.
Earlier, Musk called the condition for resuming the sale of Tesla electric cars for the first cryptocurrency a confirmed transition of at least half of the miners to renewable energy.
The company began accepting payments in bitcoin in March 2021, but in May it suspended sales for cryptocurrency, explaining the decision with concerns about the environmental friendliness of mining.
Recall that the founder and head of the BTC.TOP pool, Jiang Zhuer, in response to Musk’s statement, said that as a result of the recent prohibitive measures of the Chinese authorities in relation to mining, the share of renewable sources exceeded 50% in the energy consumption of the industry.