The council's survey focused on the crypto mining industry's electricity consumption and sustainable power mix.
“They are doing it out of the sense of survival,” said John Reed Stark, former chief of the U.S. Securities and Exchange Commission’s Office of Internet Enforcement.
MicroStrategy CEO Michael Saylor said the problem isn't bitcoiners but those negative headlines about mining.
Seven main takeaways on crypto markets from my time at CoinDesk. Plus: the future of the Bitcoin Mining Council.
Major cryptocurrencies saw a pop in anticipation of a more environmentally friendly mining outlook. Then they slipped.