According to reports, Bitcoin’s clean energy consumption has exceeded 50%. Where does the energy for Bitcoin mining come from? In this post of Pooyanmusic, we read a report about it. Does Tesla accept Bitcoin payments?
A Bloomberg analyst reported that the percentage of energy used to mine Bitcoin from renewable sources has exceeded 50%. Part of this statistic is due to miners fleeing from China’s ban.
In 2021, Elon Musk said that Tesla would accept Bitcoin payments when miners use approximately 50% of clean energy sources “with a positive future trend.” Now, apparently, this criterion has occurred. Elon Musk has not yet reacted to this issue.
In a September 14 report on X (formerly Twitter), Bloomberg analyst Jamie Coates reported that Bitcoin’s percent.
Bitcoin mining energy from renewable sources has exceeded 50% with “reduced greenhouse gas emissions plus a dramatically increasing hash rate.” According to Coutts, the push towards renewable energy sources was the result of miners dispersing from China following the country’s ban on mining from 2021, as well as some countries turning to mining to “monetize stray and surplus energy“.
Other countries like El Salvador that are investing in Bitcoin mining are Bhutan, Oman, and the United Arab Emirates. El Salvador has also recognized this digital currency as a legal currency since 2021. The 50% energy standard could mean moving further towards acceptance by one of the world’s largest companies.
Musk – CEO of Tesla, owner of X and founder of SpaceX – announced that Tesla would accept BTC payments in May 2021, citing the “increasing use of fossil fuels for Bitcoin mining and transactions” at the time. stops Since establishing a sustainable energy source threshold of 50% for when the company resumes payments. Musk acknowledged that there is a positive trend toward green energy sources. But it has not changed Tesla’s policy yet.
It does not appear that Tesla’s CEO has publicly announced any action to resume Bitcoin payments. At press time, Bitcoin was trading at $26,572, up more than 2% in the past seven days.