Elon Musk’s Idea to Switch Bitcoin Mining to Green Energy Will Drive Mining Costs Higher: Peter Schiff

2021-5-25 11:12

While Tesla CEO has met with US BTC miners to discuss a switch to renewable energy, prominent Bitcoin hater Peter Schiff opines why this will likely make things worse

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energy peter schiff mining bitcoin switch opines

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PayPal co-founder invests in renewable energy-focused bitcoin mining facility

PayPal co-founder Peter Thiel recently made an investment into renewable energy centered Bitcoin mining facility called Layer 1 based in San Fransico. The firm revealed that it has raised $50 million from Series A funding rounds which attracted investment from Peter Thiel, Shasta Ventures, venture capital company Digital Currency Group and many other undisclosed investors.

2019-10-20 10:40