Why Bitcoin May Speed Up the Transition to Renewable Energy
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NEW YORK, May 27, 2021 /PRNewswire/ Earlier this year, Tesla was one of the first major corporations to start accepting bitcoin as payment. Yet, after only a few months, Tesla CEO Elon Musk said on Twitter that the Company has suspended vehicle purchases using the cryptocurrency due to concerns over rapidly increasing use of fossil fuels for bitcoin mining. This has caused the price of bitcoin, and other cryptocurrencies as well, to plummet. The saga continued this week, as Musk revealed that he has talked to North American Bitcoin miners, discussing their commitment to publish current and planned renewable usage. As a result, the price of bitcoin jumped about 4% Monday afternoon. ISW Holdings Inc. (OTC: ISWH), Bitfarms Ltd. (OTC: BFARF), Ault Global Holdings, Inc. (NYSE: DPW), Ozop Energy Solutions, Inc. (OTC: OZSC), Tesla, Inc. (NASDAQ: TSLA
ISW Holdings President Alonzo Pierce Featured in Podcast with Bit5ive s Robert Collazo – Padovanews
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Why Bitcoin May Speed Up the Transition to Renewable Energy
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ISW Holdings Announces Hashing to Begin This Week at Pennsylvania Crypto Mining Project
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The long-awaited pullback in the crypto space is finally upon us. Is it the literal end for cryptocurrencies? One should probably default heavily toward the “No” answer on that question. Given that notion, the time is now for assembling the shopping list.
One new theme that has entered the picture is the issue of investors favoring a crypto regime that aligns itself with the climate change agenda. More specifically, the crypto future is probably built by operations that target zero carbon emissions in mining, and eventually, in transactions.
This has been most notably advanced as a defining concept in the space by Elon Musk’s sudden about-face on Bitcoin acceptance for Tesla cars on Wednesday afternoon of last week.