Reuters featured Pow.re in Elon Musk wants clean power. But Tesla's carrying bitcoin's dirty baggage

Reuters

Elon Musk wants clean power. But Tesla's carrying bitcoin's dirty baggage

February 10, 2021

We were recently featured in an article by Reuters about Tesla's foray into bitcoin and its potential impact on green mining.

Much of the hashing power used for digital asset mining comes from renewable sources. But there's still room for improvement. Mining generates roughly 20 metric tons of carbon dioxide emissions a year.

Our own SJ Oh told Reuters he believes "there will be a concerted effort by the bitcoin industry to be environmentally friendly." He was hopeful about Elon's jump into the industry and went on to say that "Tesla is one of the greenest companies on the planet so I'm sure they'll figure it out."

Read the full article at Reuters.

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Our insight into digital currency mining has been featured in some of the world's most prestigious publications.

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