Elon Musk Capitulates On Bitcoin, Says Tesla Will Resume BTC Payments When Mining Gets Greener

2021-6-14 17:57

In Tesla CEO Elon Musk’s latest on Bitcoin, he said the company will resume bitcoin payments once the mining industry gets greener.

Yesterday, Tesla CEO Elon Musk tweeted that the electric vehicle manufacturer will resume accepting bitcoin payments for its vehicles once the energy use of bitcoin mining relies less on carbon-based sources.

“When there’s confirmation of reasonable (~50%) clean energy usage by miners with positive future trend, Tesla will resume allowing Bitcoin transactions,” Musk shared.

The tweet was a response to an article in which Magda Wieryzcka, CEO of financial services company Sygnia, accused Musk of price manipulation in the bitcoin market. Musk denied such accusations in the same tweet, saying that “Tesla only sold ~10% of holdings to confirm BTC could be liquidated easily without moving market.”

Musk has been actively sharing his thoughts about Bitcoin’s energy consumption over the past few months. In April, he agreed with Jack Dorsey, CEO of Twitter and Square, that “bitcoin incentivizes renewable energy” –– referencing a white paper. Less than a month after that, however, Musk turned around and announced that Tesla would no longer accept bitcoin payments for its cars over environmental concerns around bitcoin mining.

Musk’s outspokenness on Bitcoin has spurred lots of criticism, with claims that he misunderstands the network’s energy usage. Moreover, it is unclear whether he thoroughly considers Tesla’s environmental impact, since the company is heavily dependent on environmentally-costly lithium batteries.

After his electric vehicle company stopped accepting bitcoin, Musk got in touch with bitcoin miners from North America in a criticized, closed-door meeting alongside Microstrategy CEO Michael Saylor. After the meeting, the Bitcoin Mining Council (BMC) was announced and launched last week. The BMC shared on its website that although any bitcoin miner can join the council, those that do must agree to share their energy mixes and hash rate sizes.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 96698.84 (-0.38%)
Объем 24H $99.786b
Изменеия 24h: 1.95 %, 7d: 9.69 %
Cегодня L: $94006.77 - H: $98156.69
Капитализация $1913.232b Rank 1
Цена в час новости $ 40271.11 (140.12%)

bitcoin mining elon gets greener payments resume

Источник: bitcoinmagazine.com

bitcoin mining → Результатов: 126


Фото:

Bitcoin mining CEOs agree on $250k price target for 2028 halving

Bitcoin mining executives from top firms gathered at the HC Wainwright Bitcoin Mining Panel on Sept. 10 to discuss industry trends, challenges, and the future of Bitcoin. The panel, moderated by Anthony Scaramucci of SkyBridge Capital, featured CEOs from prominent mining companies, including Bit Digital, Bitfarms, CleanSpark, Core Scientific, and Marathon Digital Holdings.

2024-9-12 14:15


Фото:

Bitcoin Mining Emissions – Surprise New Research Findings

As the need to be more eco-friendly becomes ever more apparent, cryptocurrencies have often been sharply criticized for their environmental impact. Being the most well-known of them, Bitcoin has inevitably become tainted with a reputation for the high resource usage required for Bitcoin mining, However, newly released research might paint a slightly different picture and could start changing perceptions around these issues.

2024-9-10 15:17


Bitcoin’s Tightrope: Lower Mining Rewards And Fees Threaten Market Stability — Kaiko

Recent developments in the Bitcoin mining industry suggest a significant financial squeeze due to decreased network fees and halved block rewards. These factors are shaping the economic space for companies validating Bitcoin transactions and could potentially force some into selling their digital assets prematurely to remain solvent, according to Kaiko Research. Related Reading: Germany Shakes […]

2024-7-3 08:00


Is Bitcoin Mining ‘Dangerously Centralised’? What New Research Shows

Recent findings from BitMEX Research have reignited concerns about the centralization of Bitcoin mining. Their study, which cites insights from Bitcoin analyst Alex Bergeron, points out that a single entity now controls the Coinbase outputs for approximately 47% of the network hashrate—a significant concentration that suggests a shift toward oligopolistic tendencies within the Bitcoin mining […]

2024-4-30 12:00


Фото:

The future of Bitcoin mining post-halving, according to GoMining

The phenomenon of the Bitcoin halving is a cornerstone event in the crypto world, fundamentally altering the economic landscape for miners and investors alike. Occurring approximately every four years, this event reduces the reward for mining new Bitcoin blocks by half, a mechanism designed to control the supply of Bitcoin and mimic the scarcity-driven value […] The post The future of Bitcoin mining post-halving, according to GoMining appeared first on CryptoSlate.

2024-3-26 17:30


From Missouri to Texas: Southern US Becomes Bitcoin Mining Hotspot

Missouri is gunning to become a hub for Bitcoin mining, thanks to a new bill by State Rep. Phil Christofanelli. This legislation, aiming to integrate cryptocurrency miners into the energy economy, joins CleanSpark's expansion in Mississippi and Riot's massive investment in Texas, signaling a significant shift in the Southern US towards embracing digital asset ventures.

2024-2-9 14:00


Bitcoin Community Accuses BBC Of Sensationalism In Controversial Mining Article

A recent article published by the BBC has sparked a heated debate among cryptocurrency enthusiasts and critics regarding the environmental impact of Bitcoin (BTC) mining.   The piece, titled “Every Bitcoin payment ‘uses a swimming pool of water,’” raised concerns about the water consumption associated with the mining process.

2023-12-2 03:00


Bitcoin Mining Potential Highlighted In Top Science Journal

A new peer-reviewed research paper has emerged, shedding light on the potential symbiosis between Bitcoin mining and renewable energy initiatives. Dennis Porter, CEO and co-founder of Satoshi Act Fund, a non-profit educational organization dedicated to informing policymakers and regulators about Bitcoin mining’s benefits, and president of Satoshi Educate, shared his insights via X, underscoring the […]

2023-11-9 22:00


Bitcoin Mining Hashrate Sets New All-Time High, Difficulty Up 5.5% In Response

Data shows the Bitcoin mining hashrate has set a new all-time high recently, forcing the network to up its difficulty by about 5.5%. Bitcoin Mining Hashrate Has Observed A Strong Surge Recently The “mining hashrate” refers to the total amount of computing power that the Bitcoin miners have connected to the network. This value can […]

2023-9-20 20:00


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru