​​Billionaire Tom Steyer saw bitcoin as a threat to ecology A | NFT / BTC / DEFI News 📣

​​Billionaire Tom Steyer saw bitcoin as a threat to ecology

American billionaire, politician and environmentalist Tom Steyer in an interview with Yahoo Finance called bitcoin a “huge consumer of electricity” and a threat to the environment due to the dependence of the power system on fossil fuels.

Steyer admitted that when switching to renewable sources, the first cryptocurrency would no longer be “such destructive”. He criticized enterprises that are looking for cheap “dirty” energy to maximize profits.

A lot of noise from nothing: why the problem of bitcoin’s impact on the environment is exaggerated

Discussions about the impact of the first cryptocurrency mining on the environment deteriorated after Tesla’s decision to suspend sales of electric cars for the first cryptocurrency due to the use of fossil fuel energy for its extraction.

Later, Elon Musk said that Tesla would resume sales for BTC when he received confirmation that at least half of the miners use renewable energy.

The founder and head of the BTC.TOP pool, Jiang Zhuer, replied to him that as a result of the persecution of mining by the Chinese authorities, more than half of the hashrate of bitcoin is already generated on the basis of green energy.

Musk has repeatedly spoken on this topic and, according to the survey, his tweets about the dangers of digital gold mining to the environment negatively affected investors’ opinions.

In July, Bitcoin Mining Council, established by American miners, concluded that the share of renewable energy in the global bitcoin production industry was 56%.

The community criticized the study, doubting its objectivity.

Recall that in September Bloomberg, citing the Bitcoin Electricity Consumption Index of Cambridge University, reported that bitcoin miner electricity consumption exceeded 2020.