As much as Elon is advocating for cleaner green energy from the crypto energy, this isn't only about bitcoin getting onboard but looking at the use of sustainable energy so that the next generation doesn't suffer because the damage to our environment is extensive.
And btw, this carbon emissions/sustainable energy fight is one sided...Elon Musk's EVs are the culprits for this knowing very well electricity generation has a Carbon footprint trail and with increased production and use of these vehicles means more damage done to our environment and the man needs to walk the talk.
Otherwise, Elon being the type that loves the controversy am pretty sure he will oblige to accept BTC payments with his companies.
Topic: Bitcoin miners energy usage has exceeded 50%, where is Elon? - page 3. (Read 495 times)
Last time I remember someone named John Mcafee claimed to do something rarely seen by any living human being, I don't know if he managed to do that? Lol.
One thing about rich people you should know, they would never do anything to endanger their wealth, in fact all they do is making sure to increase their wealth and get richer.
Do you think someone like Musk, talk about stuff randomly with no agenda? He already knows all the analysis data about bitcoin energy usage for the next 10 years, so when he promises you something it's because he has a plan to make more money for himself!
One thing about rich people you should know, they would never do anything to endanger their wealth, in fact all they do is making sure to increase their wealth and get richer.
Do you think someone like Musk, talk about stuff randomly with no agenda? He already knows all the analysis data about bitcoin energy usage for the next 10 years, so when he promises you something it's because he has a plan to make more money for himself!
Fuck this cunt. Bitcoin don’t need Elon’s money. Elon needs bitcoin. He may not need it now but when the whole world adopts it, he won’t have a choice. However, Elon is not dumb too. He will probably buy btc before the mass adoption happens. Actually he probably already has thousands of coins in his personal stash and since he doesn’t have to declare it to the public, we will never know the truth. One way or another, Elon is pretty insignificant in the grand scheme of things. If he wants to get piece from the action that’s fine but if he doesn’t, he may duck right off.
I don't know if Elon cares. Or should we care whether he cares or not? Or it's perhaps better if Elon leaves Bitcoin alone.
It seems that all these calls on Elon Musk to take a look at Bitcoin mining's energy usage once again and reconsider accepting Bitcoin payment once more for Tesla or even reinvestment on Bitcoin are merely subtle ways of begging, "come on Elon please, push the price up!" It might not be about adoption or whatever.
There were negative remarks made against Elon just as there were against Buffet and Bill Gates and others who prefer not to shill for Bitcoin. Sometimes, they seem nothing more than bitter attacks against rich personalities whose money won't bring Bitcoin's price higher.
It seems that all these calls on Elon Musk to take a look at Bitcoin mining's energy usage once again and reconsider accepting Bitcoin payment once more for Tesla or even reinvestment on Bitcoin are merely subtle ways of begging, "come on Elon please, push the price up!" It might not be about adoption or whatever.
There were negative remarks made against Elon just as there were against Buffet and Bill Gates and others who prefer not to shill for Bitcoin. Sometimes, they seem nothing more than bitter attacks against rich personalities whose money won't bring Bitcoin's price higher.
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
As a matter of fact the entire scheme of if to accept Bitcoin or not is a profit based one.with Bitcoin being volatile digital asset, Elon will definitely estimate his chances of profit or loss if he adopts Bitcoin for purchases and if these odds according to his thesis will not yield profit he will not accept Bitcoin. 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
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.
Tesla also should start buying again hehehe.
I guess it's obvious that Elon Musk just used Bitcoin as his clout for his company during our the last bull run. Take advantage of it and then later sells their stash to take over Twitter, now X.
And it's not rocket science though, we have our own thread here: by @fillippone, Debunking the "Bitcoin is an environmental disaster" argument.
And I doubt that this whole sustainable energy mix for bitcoin will be the next narrative for the next bull. It might be the whole "Bitcoin Spot ETF approvals" in the future that we might see waves of institutional investor pouring their money in the market. Or even rich oil money from Middle East could also be possible.
If he's a man of his word, just give it time. I'm pretty sure Elon Musk is not the type of guy to watch Bitcoin hashrate actively and is updated with news like this, or Bitcoin-related news in general.
Or maybe he's going to make some excuse like the data isn't accurate lmao.
Or maybe he's going to make some excuse like the data isn't accurate lmao.
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
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