Bitcoin Mining Council Will Present Its First Quarter 2022 Report

The Bitcoin Mining Council will present its first quarter 2022 report. The crypto world is eagerly awaiting the report.

The Bitcoin Mining Council will announce the first quarter figures of 2022 on a live broadcast. The issue of "the harm to the nature of the energy consumed by Bitcoin miners", which started to be discussed with the shock of Elon Musk to the cryptocurrency markets last year, eventually led to the establishment of the Bitcoin Mining Council. As it will be remembered, Tesla CEO Elon Musk stated that on May 13 last year, the electric car manufacturer company suspended the application of vehicle sales with Bitcoin, shocking all cryptocurrency communities. Musk stated that he was concerned about the increase in fossil fuels used in Bitcoin mining, especially coal. While Musk's decision to accept Bitcoin for Tesla in just 2 months in March caused a great reaction to the famous businessman, especially from the cryptocurrency community, there was one of the biggest decreases in Bitcoin price in history. In the last 10 days, Musk met with the miners in the North America region. As a result of the meetings, it was agreed that Bitcoin mining should be done with renewable energy and a Mining Council was formed. Founded in May, the Bitcoin Mining Council later made important studies and developments on renewable energy sources, and the first figures were announced in July (2021). Michael Saylor made the statement live on Youtube. Saylor stated that while Bitcoin mining equates to only 0.1 percent of the energy used all over the world, it is equal to 2.8 percent of the energy wasted in the USA.