Also, if acceptance of bitcoin will not help increase sales and revenues of any retailer then it would not be seriously accepted. It might be larply accepted, however.
Topic: Bitcoin miners energy usage has exceeded 50%, where is Elon? - page 2. (Read 495 times)
September 22, 2023, 10:31:58 PM
@Ale88. Did much of the bitcoin community not cheer for cousin Elon when he declared that Tesla was buying bitcoin and also announced that it would accept bitcoin payments? What happened? Do we not like cousin Elon anymore?
Also, if acceptance of bitcoin will not help increase sales and revenues of any retailer then it would not be seriously accepted. It might be larply accepted, however.
Also, if acceptance of bitcoin will not help increase sales and revenues of any retailer then it would not be seriously accepted. It might be larply accepted, however.
September 22, 2023, 08:39:46 PM
This is only according to an analyst from Bloomberg. However, if this is confirmed real information then the question from the community should be will cousin Elon support his statement and begin accepting bitcoin payments in Tesla again?
Tesla also should start buying again hehehe.
Guys, seriously, why are you so obsessed with Elon Musk? The only thing he does is manipulating the market, we really don't need people like him in the bitcoin community. Of course it would be great to have some big retailer accepting bitcoin but if the price we have to pay is dealing with a crazy guy, no thanks, I prefer things to move slower. Tesla also should start buying again hehehe.
September 22, 2023, 08:17:13 PM
Why would Elon even care?
I love how we have 100 topics about this but nobody actually reads the article, because the title is enough, right?
So it's an analyst expressing his opinion, there is no real data, just claims based on other people's claims!
Kind of ironic how everyone can get excited about this when just the other week we had this:
A crypto-mining company in Pennsylvania is seeking to burn tires to produce bitcoin, prompting an outcry from residents and environmental groups.
If the so-called Bitcoin mining council would really wanted to prove they used 50% renewable they would have done a simple thing, talk bout this this:
https://www.warren.senate.gov/imo/media/doc/Seven%20Cryptominers%20Responses%20to%20Senator%20Warren.pdf
Stronghold:
Greenidge
The others didn't want to mention it are claimed they are just busing energy provided by the grid and!
So, in a letter addressed to a US Senator, not a single member showed any proof of mining directly with renewables, all the renewable energy comes from the grid, so it would be simply stupid at this point to call an industry greener than another when they are consuming the same thing.
Elon is stupid cunt but this greenwashing must also stop!
I love how we have 100 topics about this but nobody actually reads the article, because the title is enough, right?
Quote
The Bitcoin network, with its continually increasing hash rate, has seen a corresponding decrease in its emissions intensity, according to recent reports from Bloomberg. Analyst Jamie Coutts explained that this trend is contrary to most other industries and could potentially trigger the next wave of institutional investment.
So it's an analyst expressing his opinion, there is no real data, just claims based on other people's claims!
Kind of ironic how everyone can get excited about this when just the other week we had this:
A crypto-mining company in Pennsylvania is seeking to burn tires to produce bitcoin, prompting an outcry from residents and environmental groups.
If the so-called Bitcoin mining council would really wanted to prove they used 50% renewable they would have done a simple thing, talk bout this this:
https://www.warren.senate.gov/imo/media/doc/Seven%20Cryptominers%20Responses%20to%20Senator%20Warren.pdf
Stronghold:
Quote
Through the first three quarters of 2021, Scrubgrass emitted 412,445 tons of CO2 and produced
243,068 MWh of power. The final 2021 numbers for Scrubgrass are not yet available. Panther Creek
emitted approximately 203,109 tons of CO2 in 2021 and produced 146,783 MWh of power in 2021. As
discussed above, we are actively pursuing a variety of mechanisms to mitigate our carbon emission output.
Our 2021 emissions data is still preliminary but our final figures will be reported in accordance with
regulatory requirements.
The cumulative estimated metric tons of CO2 produced by the Facilities to supply this power required for Bitcoin operations is 1,284,360.
243,068 MWh of power. The final 2021 numbers for Scrubgrass are not yet available. Panther Creek
emitted approximately 203,109 tons of CO2 in 2021 and produced 146,783 MWh of power in 2021. As
discussed above, we are actively pursuing a variety of mechanisms to mitigate our carbon emission output.
Our 2021 emissions data is still preliminary but our final figures will be reported in accordance with
regulatory requirements.
The cumulative estimated metric tons of CO2 produced by the Facilities to supply this power required for Bitcoin operations is 1,284,360.
Greenidge
Quote
In connection with Requests 1 and 2, the Dresden facility is permitted to emit up to
641,878 tons of CO2e on a rolling twelve-month basis.
641,878 tons of CO2e on a rolling twelve-month basis.
The others didn't want to mention it are claimed they are just busing energy provided by the grid and!
So, in a letter addressed to a US Senator, not a single member showed any proof of mining directly with renewables, all the renewable energy comes from the grid, so it would be simply stupid at this point to call an industry greener than another when they are consuming the same thing.
Elon is stupid cunt but this greenwashing must also stop!
Hehehe do not be so serious and angry. No one is expecting cousin Elon to change his mind and immediately orders his executives in Tesla to begin accepting bitcoin as payments again. The reason is Elon knows no one would buy a Tesla or any car using their bitcoin unless it was a larpy publicity for bitcoin to hype their investment.
September 22, 2023, 05:25:13 PM
Mr. Musk should stay away from Bitcoin as long as he does not understand it. Bitcoin is not a marketing tool for rich idiots.
I believe he knows better than we do
. I agree that it is not a marketing tool but Elon Musk just made Bitcoin his marketing tool and there are lots of naive people who fell for it.Let us give Elon Musk some time to comprehend the current hash rate and realize his promise but I do think he will keep his promise though. He is a businessman so I think he will only do things that will benefit his pocket and accepting Bitcoin will give his company a new set of audience.
September 22, 2023, 05:06:58 PM
This is only according to an analyst from Bloomberg. However, if this is confirmed real information then the question from the community should be will cousin Elon support his statement and begin accepting bitcoin payments in Tesla again?
Tesla also should start buying again hehehe.
The Bitcoin network, with its continually increasing hash rate, has seen a corresponding decrease in its emissions intensity, according to recent reports from Bloomberg. Analyst Jamie Coutts explained that this trend is contrary to most other industries and could potentially trigger the next wave of institutional investment.
Data cited by Coutts on Monday revealed that the sustainable energy mix for Bitcoin has been steadily rising since 2021 and now exceeds 50%. This increase in sustainable energy use has resulted in a slower growth of emissions relative to the network's expansion. Coutts noted that the evolving relationship between Bitcoin network growth and the global push to transition from fossil fuels could "catalyze a wave of institutional and even sovereign investment capital."
Read in full https://finance.yahoo.com/news/bitcoins-sustainable-energy-mix-surpasses-060305672.html
Tesla also should start buying again hehehe.
The Bitcoin network, with its continually increasing hash rate, has seen a corresponding decrease in its emissions intensity, according to recent reports from Bloomberg. Analyst Jamie Coutts explained that this trend is contrary to most other industries and could potentially trigger the next wave of institutional investment.
Data cited by Coutts on Monday revealed that the sustainable energy mix for Bitcoin has been steadily rising since 2021 and now exceeds 50%. This increase in sustainable energy use has resulted in a slower growth of emissions relative to the network's expansion. Coutts noted that the evolving relationship between Bitcoin network growth and the global push to transition from fossil fuels could "catalyze a wave of institutional and even sovereign investment capital."
Read in full https://finance.yahoo.com/news/bitcoins-sustainable-energy-mix-surpasses-060305672.html
Musk only does what is profitable for him. Even if he is buying do you really think he will announce it publicly? That could lead to a pump and he will be forced to buy at a higher price. So rest assured, most probably he will secretly buy and then announce he bought after some time. After the price will go up he will also secretly sell again and tweet something negative about Bitcoin. Been there done that.
September 22, 2023, 04:09:27 PM
I don't see how Elon is responsible or inclusive in this issue of miners energy and the percentage exceeded. Sincerely, mining should be consiya skill and for some a job or should I say a source of income that is dependent on output.
Elon is merely interested in how to invest in building apartments on Mars at the moment and anything that offers no future value to him is worthless. BTC offers him value but he doesn't want to acknowledge that hence why he launched his Doge coin and perhaps stopped Tesla from accepting BTC as payments for transactions.
Elon is merely interested in how to invest in building apartments on Mars at the moment and anything that offers no future value to him is worthless. BTC offers him value but he doesn't want to acknowledge that hence why he launched his Doge coin and perhaps stopped Tesla from accepting BTC as payments for transactions.
September 22, 2023, 03:25:53 PM
Mr. Musk should stay away from Bitcoin as long as he does not understand it. Bitcoin is not a marketing tool for rich idiots.
Well he hard his time in the past and that was when headed the announcement of his company's removal of Bitcoin as payment for tesla products, but then also a short while from that time thenthing happened, bitcoin price recovered significantly and when Elon musk sees that he can't manipulate Bitcoin to cash in on his gains. He shifted attention to dogecoin we're he hard a bag load of the coin and went ahead to name himself dogecoin daddy, but he couldn't achieve such freedom with Bitcoin and that is why he most time speaks ill of Bitcoin even without any knowledge of how bitcoin works.
September 22, 2023, 03:18:13 AM
Mr. Musk should stay away from Bitcoin as long as he does not understand it. Bitcoin is not a marketing tool for rich idiots.
I wonder why exactly do you think that he doesn't understand it. Just because he sold it last year? Also, we can't push others from using BTC just because we don't like someone.
September 22, 2023, 03:12:33 AM
Mr. Musk should stay away from Bitcoin as long as he does not understand it. Bitcoin is not a marketing tool for rich idiots.
legendary
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September 22, 2023, 03:10:29 AM
I don't know, but I personally feel that bitcoin doesn't need Elon or tesla to succeed, and neither does it need any of these two to trigger the next bull run.
Even if bitcoin sustainable energy increases by 100 percent, we don't need Elon or tesla to start accepting bitcoin to make bitcoin grow again, after all, since several months ego Elon announced that tesla will stop accepting bitcoin for tesla purchases, bitcoin after dropping for a while have continued to grow, this means that, the future or bitcoin is not in the hands of one man or one company.
Even if bitcoin sustainable energy increases by 100 percent, we don't need Elon or tesla to start accepting bitcoin to make bitcoin grow again, after all, since several months ego Elon announced that tesla will stop accepting bitcoin for tesla purchases, bitcoin after dropping for a while have continued to grow, this means that, the future or bitcoin is not in the hands of one man or one company.
September 22, 2023, 02:57:40 AM
I find it interesting, and maybe even suspicious, that this "revelation" from Bloomberg is coming out now. Given how quickly things change in the modern economy, its hard not to wonder why this data was released and what it was meant to do. Analyst Jamie Coutts might seem to paint a bright picture of Bitcoin's future, but we should be careful.
Could this be a cover for bigger players in the background who are quietly pulling the strings and changing how people see things? Many people were surprised when Elon Musk tried to get into the Bitcoin market before and then quickly left. If Tesla jumps back on the train, it could be part of a larger, more complicated game. My advice is to doubt everything, especially if it sounds too good to be true.
Could this be a cover for bigger players in the background who are quietly pulling the strings and changing how people see things? Many people were surprised when Elon Musk tried to get into the Bitcoin market before and then quickly left. If Tesla jumps back on the train, it could be part of a larger, more complicated game. My advice is to doubt everything, especially if it sounds too good to be true.
September 22, 2023, 02:44:52 AM
This is indeed promising news and as an advocate for EnvirOmint protection, I am delighted to learn it. I hope that the trend towards Bitcoin miners using renewable energy sources continue to grow, further reducing environmental impact of cryptocurrencies mining. Regarding pledge of Elon Musk to purchase Bitcoin once renewable energy usage exceeds 50% mark, we are all looking for his actions to validate his commitment. Historically his involvement in crypto industry has led to market fluctuation, and his exit from positions, raising questions about sincerity of his intentions.
September 22, 2023, 02:29:48 AM
Elons public announcements were done to deflect peoples attention. he did not want to be accused of inciting pumps in a market due to favouring bitcoin, whilst secretly he does and always has favoured it
the thing is he "emissions" commandments were empty of content because on a percentage bases. DOGE (the other coin he mentions) uses more % of fossil fuel based energy than bitcoin ever did
DOGE is based on home hobby mining where residents have no control of their energy sourcing. people do not move home just to mine a meme coin. however even as far back as 2013 many ASIC farms purposefully choose locations to start ASIC farm mining bitcoin due to the energy source reasons
the thing is he "emissions" commandments were empty of content because on a percentage bases. DOGE (the other coin he mentions) uses more % of fossil fuel based energy than bitcoin ever did
DOGE is based on home hobby mining where residents have no control of their energy sourcing. people do not move home just to mine a meme coin. however even as far back as 2013 many ASIC farms purposefully choose locations to start ASIC farm mining bitcoin due to the energy source reasons
September 22, 2023, 02:18:41 AM
That's a good question, but not the right place to ask. I hope he will be true to his words, even tho I'm not gonna spend my BTC there ( I simply don't have enough ).
September 22, 2023, 01:58:11 AM
Let's wait and see what Elon says after he reads information from analysts from Bloomberg.
But I doubt that Elon will return to supporting bitcoin and start accepting bitcoin payments again, especially since we know that he always easily replaces his statements.
However, if he does receive bitcoin payments again, is he prepared for the current fluctuations in bitcoin prices?
If he really wants to collect more bitcoins from sales, he can return to accepting bitcoin payments and not care about bitcoin price fluctuations.
Besides, it seems that Elon is now relaxing and enjoying his weekend by playing poker
But I doubt that Elon will return to supporting bitcoin and start accepting bitcoin payments again, especially since we know that he always easily replaces his statements.
However, if he does receive bitcoin payments again, is he prepared for the current fluctuations in bitcoin prices?
If he really wants to collect more bitcoins from sales, he can return to accepting bitcoin payments and not care about bitcoin price fluctuations.
Besides, it seems that Elon is now relaxing and enjoying his weekend by playing poker
September 22, 2023, 01:54:20 AM
I agree he has the proven capability of influencing the crypto market, if he honors his word then the current market condition will change. We can only wait and watch when Tesla will start accepting Bitcoin. If he is bluffing then the Bitcoin community would look like fools who were begging him to accept Bitcoin.
He is also a businessman and a good one, he will look into the current scenario before taking any decision. The positive outcome of this news would be that Bitcoin emission is going down and the hash rate is increasing. A piece of positive news now might trigger a short-term bull run before the halving.
He is also a businessman and a good one, he will look into the current scenario before taking any decision. The positive outcome of this news would be that Bitcoin emission is going down and the hash rate is increasing. A piece of positive news now might trigger a short-term bull run before the halving.
September 22, 2023, 01:30:27 AM
Why would Elon even care?
I love how we have 100 topics about this but nobody actually reads the article, because the title is enough, right?
So it's an analyst expressing his opinion, there is no real data, just claims based on other people's claims!
Kind of ironic how everyone can get excited about this when just the other week we had this:
A crypto-mining company in Pennsylvania is seeking to burn tires to produce bitcoin, prompting an outcry from residents and environmental groups.
If the so-called Bitcoin mining council would really wanted to prove they used 50% renewable they would have done a simple thing, talk bout this this:
https://www.warren.senate.gov/imo/media/doc/Seven%20Cryptominers%20Responses%20to%20Senator%20Warren.pdf
Stronghold:
Greenidge
The others didn't want to mention it are claimed they are just busing energy provided by the grid and!
So, in a letter addressed to a US Senator, not a single member showed any proof of mining directly with renewables, all the renewable energy comes from the grid, so it would be simply stupid at this point to call an industry greener than another when they are consuming the same thing.
Elon is stupid cunt but this greenwashing must also stop!
I love how we have 100 topics about this but nobody actually reads the article, because the title is enough, right?
Quote
The Bitcoin network, with its continually increasing hash rate, has seen a corresponding decrease in its emissions intensity, according to recent reports from Bloomberg. Analyst Jamie Coutts explained that this trend is contrary to most other industries and could potentially trigger the next wave of institutional investment.
So it's an analyst expressing his opinion, there is no real data, just claims based on other people's claims!
Kind of ironic how everyone can get excited about this when just the other week we had this:
A crypto-mining company in Pennsylvania is seeking to burn tires to produce bitcoin, prompting an outcry from residents and environmental groups.
If the so-called Bitcoin mining council would really wanted to prove they used 50% renewable they would have done a simple thing, talk bout this this:
https://www.warren.senate.gov/imo/media/doc/Seven%20Cryptominers%20Responses%20to%20Senator%20Warren.pdf
Stronghold:
Quote
Through the first three quarters of 2021, Scrubgrass emitted 412,445 tons of CO2 and produced
243,068 MWh of power. The final 2021 numbers for Scrubgrass are not yet available. Panther Creek
emitted approximately 203,109 tons of CO2 in 2021 and produced 146,783 MWh of power in 2021. As
discussed above, we are actively pursuing a variety of mechanisms to mitigate our carbon emission output.
Our 2021 emissions data is still preliminary but our final figures will be reported in accordance with
regulatory requirements.
The cumulative estimated metric tons of CO2 produced by the Facilities to supply this power required for Bitcoin operations is 1,284,360.
243,068 MWh of power. The final 2021 numbers for Scrubgrass are not yet available. Panther Creek
emitted approximately 203,109 tons of CO2 in 2021 and produced 146,783 MWh of power in 2021. As
discussed above, we are actively pursuing a variety of mechanisms to mitigate our carbon emission output.
Our 2021 emissions data is still preliminary but our final figures will be reported in accordance with
regulatory requirements.
The cumulative estimated metric tons of CO2 produced by the Facilities to supply this power required for Bitcoin operations is 1,284,360.
Greenidge
Quote
In connection with Requests 1 and 2, the Dresden facility is permitted to emit up to
641,878 tons of CO2e on a rolling twelve-month basis.
641,878 tons of CO2e on a rolling twelve-month basis.
The others didn't want to mention it are claimed they are just busing energy provided by the grid and!
So, in a letter addressed to a US Senator, not a single member showed any proof of mining directly with renewables, all the renewable energy comes from the grid, so it would be simply stupid at this point to call an industry greener than another when they are consuming the same thing.
Elon is stupid cunt but this greenwashing must also stop!
September 22, 2023, 01:18:21 AM
This is only according to an analyst from Bloomberg. However, if this is confirmed real information then the question from the community should be will cousin Elon support his statement and begin accepting bitcoin payments in Tesla again?
Tesla also should start buying again hehehe.
This was the very statement made by Elon Musk 2years today about his decision to stopping the use of Bitcoin for an alternative emission free cryptocurrency for buying of his Tesla motors due to the negative effect of fossil fuel used by Bitcoin miners on the environment. So if this news happens to be true that Bitcoin now uses a more cleaner and safer energy source for mining Bitcoin (i.e. use of Solar energy & wind). Then, i see no reason why he @ Elon Musk would decline to accept BTC for the second time, even though he is known to be the godfather of Dogecoin & meme tokens.Tesla also should start buying again hehehe.
September 22, 2023, 12:59:48 AM
Elon is a businessman at heart. I understand that he takes whimsical decisions at times but he understands business. So he won't do any such things that could potentially hurt Tesla. Accepting Bitcoin as a payment method has a downside to it due to extreme price volatility and that's a huge risk. Is he ready to accept the risk - that's the question!
Let's hope he delivers on his promise! But I don't see this happening anytime soon. It requires a lot of changes in Tesla if they prepare themselves to accept Bitcoin as a payment method.
Let's hope he delivers on his promise! But I don't see this happening anytime soon. It requires a lot of changes in Tesla if they prepare themselves to accept Bitcoin as a payment method.
Bitcoin is here since 2009 and where was Elon Musk in 2009 and a few years later?
He was not in Bitcoin community until the last bull run since 2020 or a bit sooner but he observed Bitcoin silently. He made noise in the last bull run but his love is not only for Bitcoin, but Dogecoin and more related to money. He loves money, what can help Elon making more money, he loves it.
Elon is also very chaotic with his mind and he does not care what the crowd talk about him. Expecting Elon to come back and response about what he said in the past is unrealistic and even he come back, answer, it will be just non sense answer.
He was not in Bitcoin community until the last bull run since 2020 or a bit sooner but he observed Bitcoin silently. He made noise in the last bull run but his love is not only for Bitcoin, but Dogecoin and more related to money. He loves money, what can help Elon making more money, he loves it.
Elon is also very chaotic with his mind and he does not care what the crowd talk about him. Expecting Elon to come back and response about what he said in the past is unrealistic and even he come back, answer, it will be just non sense answer.
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