{"id":6021,"date":"2021-05-26T09:14:22","date_gmt":"2021-05-26T13:14:22","guid":{"rendered":"https:\/\/www.technewsday.com\/?p=6021"},"modified":"2021-08-03T11:06:06","modified_gmt":"2021-08-03T15:06:06","slug":"bitcoin-mining-council-will-encourage-renewable-energy-use","status":"publish","type":"post","link":"https:\/\/technewsday.com\/staging\/bitcoin-mining-council-will-encourage-renewable-energy-use\/","title":{"rendered":"Bitcoin Mining Council Will Encourage Renewable Energy Use"},"content":{"rendered":"\n<p>A new Bitcoin Mining Council has been formed to improve the sustainability of bitcoin.<\/p>\n\n\n\n<p>This comes after a meeting with leading bitcoin miners and Tesla CEO Elon Musk.<\/p>\n\n\n\n<p>The Council will promote transparency in energy consumption and encourage miners to use renewable energy sources.<\/p>\n\n\n\n<p>Musk had previously withdrawn his support for bitcoin, citing its dangerous environmental impact.<\/p>\n\n\n\n<p>Bitcoin mining consumes large amounts of electricity as it requires enormous computing power.<\/p>\n\n\n\n<p>Miners are scrutinizing bitcoin transactions in exchange for the ability to purchase their own coins.<\/p>\n\n\n\n<p>Musk tweeted that the council had committed to publishing details of the current and planned use of renewable energy for bitcoin mining.<\/p>\n\n\n\n<p>The council that met with Musk included the top players in North America. <\/p>\n\n\n\n<p>Research shows that 75% of bitcoin mining originates in China and that 40% of Chinese bitcoin mines are coal-powered.<\/p>\n\n\n<p>For more information, read the <a href=\"https:\/\/www.bbc.com\/news\/technology-57240090\" target=\"_blank\" rel=\"noopener\">original story<\/a> in the BBC.<\/p>","protected":false},"excerpt":{"rendered":"<p>A Bitcoin Mining Council has been formed to make bitcoin mining more sustainable.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[9],"tags":[124],"class_list":["post-6021","post","type-post","status-publish","format-standard","hentry","category-todays-news","tag-bitcoin"],"acf":[],"_links":{"self":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/6021","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/comments?post=6021"}],"version-history":[{"count":3,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/6021\/revisions"}],"predecessor-version":[{"id":6047,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/6021\/revisions\/6047"}],"wp:attachment":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/media?parent=6021"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/categories?post=6021"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/tags?post=6021"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}