Golden Outpost | Musk proposes to form a Bitcoin mining committee

The Chinese government has recently announced that it will crack down on Bitcoin mining and transactions. People are worried that Bitcoin computing power will eventually be de-Chinese, and China will also lose control over the Bitcoin mining industry.

Now Musk is starting to plan the layout with major US mining companies. People's worries may be becoming reality.

On May 24, 2021, Tesla CEO Elon Musk tweeted, "Conversing with some North American bitcoin mining companies, they promised to release current and planned renewable energy consumption, and called on the world miners do that."

Jinse Finance mining data broadcast | BSV’s network computing power dropped by 21.49% today: Jinse Finance reported that according to the data of the spider mining pool:

The computing power of the entire ETH network is 179.124TH/s, the mining difficulty is 2205.21T, the current block height is 9847874, and the theoretical income is 0.00780004/100MH/day.

The computing power of the BTC network is 111.077EH/s, the mining difficulty is 14.72T, the current block height is 625374, and the theoretical income is 0.00001708/T/day.

The BSV network computing power is 2.334EH/s, the mining difficulty is 0.25T, the current block height is 630057, and the theoretical income is 0.00038554/T/day.

The BCH network computing power is 1.801EH/s, the mining difficulty is 0.25T, the current block height is 630250, and the theoretical income is 0.00049976/T/day. [2020/4/11]

Jinse Finance Market Report丨The bulls are strong, but the need for consolidation still exists: According to the Huobi market, as of 18:30, BTC has risen to a maximum of 7453USDT today. From the perspective of the daily line level, the long-term moving average is arranged in a wedge-shaped upward breakthrough. After a slight adjustment in the local market in the morning, the price stabilized at the MA5 moving average in the 4-hour chart, and the long-term performance was strong. However, in the morning, the local finishing efforts are still insufficient, and the need for finishing still exists. [2020/4/7]

MicroStrategy CEO Michael Saylor retweeted that he chaired a meeting between Musk and leading North American Bitcoin mining companies, which have agreed to form a Bitcoin Mining Council (Bitcoin Mining Council) to increase energy consumption transparency and accelerate sustainability activities globally.

Jinse Finance data broadcasts a breakdown of the regulatory attitudes of countries around the world to cryptocurrencies: According to Bloomberg’s statistics, countries around the world are currently regulating cryptocurrencies, and Asia is currently more stringent, such as Japan’s imprint of digital currency trading licenses; South Korea, Singapore The governments of China, the Philippines and other countries are gradually tightening the regulatory measures for ICOs, and are maintaining a wait-and-see attitude towards cryptocurrencies; all cryptocurrency exchanges are prohibited in the country; although Asia has stricter regulations on cryptocurrencies, Asia is still The growth hot spot of cryptocurrency. The United States and other North American countries are trying to balance the freedom and risk of cryptocurrencies with the Principality Act; Brazil, in addition to denying financial institutions to enter the cryptocurrency market, also stated that the government will not take the initiative to regulate cryptocurrencies; the European Union is still reviewing cryptocurrencies Russia has announced draft legislation that, while prohibiting cryptocurrency payments, allows cryptocurrencies and ICOs to be exchanged for traditional currencies; as for Africa, it is currently a paradise for money laundering using cryptocurrencies. [2018/3/26]

Executives from eight institutions attending the conference, including Argo Blockchain, Blockcap, Core Scientific, Galaxy Digital, Hive Blockchain, Hut 8 Mining, Marathon Digital Holdings, and others, decided to set up an organization to make energy-consuming Disclosures are standardized and seek to meet environmental, social and governance (ESG) objectives.

For example, in the latest development, Bitcoin mining company Marathon Digital announced plans to build a new mine in Texas, USA. The total computing power is increased to 10.37EH/s. And Marathon Digital promises to be about 70% carbon neutral.

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