Crypto
Bitcoiners Waving Eco-Friendly Bona Fides Bet on Premium
By and
Updated on
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A slew of crypto companies suddenly emphasize renewable use
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Green push began before Musk’s tweet roiled token prices
Bitcoin's Dependency on Mining
Bitcoin’s environmental dark side has been glossed over for years. Elon Musk changed that with a tweet.
And with it, the Tesla Inc. chief executive officer threw open what some see as a new market opportunity for crypto “miners” brandishing their eco-friendly credentials. Some are working to sell what they are calling green Bitcoin -- coins whose transactions are verified on the blockchain by computers powered only by renewable energy. The bet is that they will be able to command a premium of up to 10%.
