Topic: Musk say's he'll re-invest in BTC when +50% of ASIC miners are GREEN (Read 428 times)

Hydroelectric power is the necessary ingredient in the green world people who think some solar panels and wind turbines will solve everything.
Dams are the only real batteries in this world, there is a little no alternative to them, once the wind stops at night there is no other green way to get electricity other than hydro, which at the same time can store a lot when then energy is not needed, releasing just enough water as needed by the river.

Second, damns are also a measure to control flooding, even without the need for the energy you will still have dams, as you need dams to control floods or you risk having stuff like this happening, anybody putting in balance the lives of millions of people over a few fishes hasn't experienced what floods can do, imagine having your entire family and house was taken away from you because the migratory yellow striped golden wing white bellybutton fish should be able to migrate. What would you chose and be sincere?!


Why do people think if a miner is close to a dam it uses hydro, if there is nuclear powerplant it uses nuclear!
Look at your power bill, does it mention from which powerplants you got energy?
Nobody really knows where that energy comes from all the time, the only way to find out is when some powerplant goes down and you end up with a blackout, that's when you find out like it happened in Xinjiang.

Atomic, do you meant nuclear power? I have never known any news that Bitcoin miners use nuclear power. Maybe nations like Iran or North Korea use their nucler power to mine Bitcoin and use it as source for their nuclear developments and to survive with financial sanctions from Western nations and the USA.

Green or harmful, it is reason to make FUD. Governments will not care if Bitcoin did not has price more than $60,000. When the world is crazy and greed with Bitcoin, governments are jealous and want to protect value of their fiat too.

I think it's realistic for half of miners to use green energy if we count solar, hydro and atomic sources of energy. Especially not that China is attacking mining, perhaps the companies will move to other locations that also have more eco-friendly energy sources. What I think can be a problem is making assessments. Surely, many miners don't disclose their locations, and even when a location is approximately known, it's hard to know where the electricity is coming from to this or that particular building. I'm sure there are those who think that 50% of miners are already green, and it's difficult to find proper data on this matter. And if he's so worried about green mining, he could actually invest in making it greener by making deals with major mining farms that will oblige them to get green energy.

Doubt elon gonna live in the moon, it's just unhabitable. Not to mention even if he really live on the moon he pretty sure have a way to somewhat manage tesla from a far because you know, he might've deployed interplanetary network connection by the time he could build something in the moon but that's very unlikely scenario.
To be honest though, if people stop making tesla as if it's the holy grail of the electric automobile we wouldn't even care whether tesla gonna adopt bitcoin or not.

Elon should be happy but that change is not made by Elon. The Chinese government do it and they do it not because they want to support Elon or follow his tweets.

Renewable resources can be good if they are solar, wind, thermo, not hydro. The bad contributions before and after constructions of damns and hydro power plants are terrible and almost irreversible. Governments don't admit their mistakes and will not reverse their works. Even they are open minded and change, it takes decades to recover environment and ecosystem around hydro power plants and along rivers, deltas.

Not a big fan of Elon Musk, and actually I hate him after his recent flip-flops with Bitcoin. But the green energy proportion may be >50% now, after China closed down the mining farms in Inner Mongolia and Xinjiang (in these provinces, most of the energy that is generated comes from coal). The vast majority of the remaining mining farms in China are located in the provinces of Yunnan and Sichuan, where it is mostly hydro-electric. So Musk should be happy about it and he can boast that he has "forced" miners to move to green energy (although in reality that is not the reason).

And despite the fact that many people would argue in favor of hydro-electric plants, I am a staunch opponent of this method. Generation of electricity from hydro-electric plants require huge reservoirs, and this submerges vast areas of the landscape (in some cases forests which are home to many unique species of flora and fauna). Also it disrupts the riverine ecology, by preventing the migration of fish and other species. It may be better than coal-fired plants, but I would rather prefer nuclear power.

Elon Musk is smart to say the target is 50%. As I know, the current percent of green miners (because they use renewable energy) is about 34 to 35%. 15% more to be green enough for Elon Musk to begin more investment and re-adoption Bitcoin on Tesla.

I think Elon Musk will see 50% soon. Old miners will change locations and energy resources and new mining farms will concentrate more on green, renewable resources.

Elon Musk will go to the moon to live and someone else will run TESLA. I want it to happen faster. GM motor and other automakers already accept Bitcoin as payment.
The reason that Elon gives for accepting Bitcoin is manipulation and we all know that electricity comes from hydroelectricity. It's just a form of power transferred from the water, just like the sun and the wind. Elon Musk is trying to be devious in this case, and I don't see the reason for that.

Elon will go back to buying BTC and then we will see how erratic Elon's changes are.
After witnessing Elon all this time with the crypto market, I understand why so many people call him crazy

I think he is talking about the big mining that should convert to green energy and also, it's a bit stupid on his side though, it came out as a manipulation to be honest which isn't what you should do when you are trying to manipulate the market, better hold on to your bitcoins because I am sure that the price will pump again.

Of course he will follow the trend and will never start making decision once it's still not fine,  he's a brilliant manipulator so expect after the green it will rocketed and don't expect as well it will long last after that because you know what will happen next. Actually he's a very tricky man so keep your eyes open when he get in and start making post or tweets, wherein just to prevent losses if you're interested as well to follow him what's he's trying to do in the space. . Be aware!

Whatever Elon says is for whoever still cares to listen or give him audience. Elon does things that are good for him and his investments and it is high time we start making our own choices and doing things that will be good for us in terms of our investments.

The cryptocurrency market is too big for us to hinge it unto the comments of one Man, by now we all should have learned from the past few weeks.

I can't really catch up with Elon Musk anymore. He started changing his mind very often. He is just continuing to toy with the market. It has been not much time since he said that he stopped the payments with BTC because of fossil fuel usage in Bitcoin mining.

The troll trolling again just like any normal routine in his Twitter life. Everyone should ignore all the crap coming from this guy. He clearly just wants attention and wants to have as much influence as he can then take advantage of it. Which is why he is saying such things just for the sake of it. And to be honest, I really have no idea why no one ever called him out on his type of business that does way more damage to the environment compared to butcoin mining. Seriously, anyone who still takes his words seriously are just as db as he is if not worse.

If Tesla is worried about the environment, aren't there bigger issues more directly related to their business that they should be talking about other than the power consumption of bitcoin... like the environmental harm of lithium ion batteries... and the fact that once used, they will sit somewhere in a landfill indefinitely after coming out of Teslas they were made for?

Or what about the concern with where the electrical power to drive the Tesla is coming from... is the power the world uses to charge those cars all that green these days?

I think this rings true, isn't that also the reason why he suspended the payment option in Tesla? But we shouldn't believe a word he says, remember that he can move the market and you can use that to your advantage.

only fools believe Elon is satoshi...

Craig openly claims he is a satoshi but Elon never claims to be like Craig. Satoshi is a mystery, not to be confused with these two 'drama players'

Don't ever play with Elon Musk, he is trying to say he will invest in ASIC miners when it is 50% green which is impossible. He just wanted to discourage people from buying thus trying to make the Bitcoin price to dump again using his influence power.

Just for fun, one square kilometer will be able to deliver 170MW, but unfortunately, you have to calculate that only for the sunny hours, pushing it slightly above the average so you get around 100Gwh a year, so we would need around 1300 km2 of panels to power the bitcoin network at current numbers, it might sound much but that's actually only 10% of the surface of New York's entire metropolitan area.

The surface won't be the problem, the problem is storing enough energy to feed the miners when there is no light, and we're talking about something that needs to deliver that much power at night, batteries won't be able to do it.


The price of the coin doesn't matter.
If a global world rule is that they should only use green energy and that is priced at 20cents/kwh a lot of the miners will simply drop out of the race but a few will continue, those that have managed to get cheaper and more efficient gear and lower maintenance and labor costs.
This is not like digging for oil.

Oh, can we just IGNORE that troll? He cant build profitable business and talking about btc only for PR