Crypto Industry Brass explains that using renewable energy could help BTC miners


Mining energy consumption – the process that keeps Bitcoin’s blockchain running – has been an increasingly popular topic of discussion in recent weeks.

On Friday, CNBC published an interview with Yonathan Lapchik, CEO of SUKU, in which he explained the Bitcoin mining scene in relation to renewable energy. The interviewer noted that Lapchik previously claimed 75% of Bitcoin mining is from renewable energy.

Related articles

“We believe 75% is an actual number,” Lapchik told CNBC. “The miners are really motivated to use renewable energies.” Regarding environmental issues, Lapchik said, “It’s surprising that Elon didn’t consider this before going into space before accepting Bitcoin as a payment mechanism for Tesla.”

Tesla opened its doors for Bitcoin payments by US customers back in March. The move went public after the automaker bought $ 1.5 billion in BTC in February.

However, Musk recently stated via a tweet on Wednesday that he opposed Bitcoin mining’s request for fossil fuels. He also stopped making payments to Tesla in BTC, albeit a seemingly temporary move, until bitcoin mining reaches satisfactory energy levels.

“Really, the data was always there,” Lapchik said of the 75% figure. “We have proven time and time again that this is a real case for miners on the Bitcoin network.”