Sam Bankman-Fried Says Bitcoin Mining Council Opens an ‘Interesting Can of Worms’
Hopefully it will clean up the "stupid dialogue going on about ESG," he said. "Not in the sense that ESG was stupid, but that the dialogue was."
The council's survey focused on the crypto mining industry's electricity consumption and sustainable power mix.
A survey shows some 49% of respondents said that “bitcoin being environmentally unfriendly" is an issue for them as an investor.
Tianjin, known for its heavy industry and oil refineries, issued China's first blockchain-based carbon offset, as the country builds up its national carbon trading platform.
The announcement comes as the environmental impact of mining for the world's largest cryptocurrency has come under intense scrutiny.
Some analysts expect limited upside in bitcoin despite the possibility of a brief bounce.