Topic: Musk say's he'll re-invest in BTC when +50% of ASIC miners are GREEN - page 2. (Read 428 times)

do miners care about this? I don't think anyone cares. without investment from him the bitcoin market is already quite strong. and there are many other institutions that are gearing up for bitcoin adoption. So without Elon and Tesla, the market will keep going up. if you look at some of his tweets, he seems like a person who is not opinionated. His words change all the time, so don't care anymore what he says.

Just like Craig Wright, tomorrow MUSK will tell us that he's Satoshi.

It's the power of bullshit, it made MUSK a billionaire.

Elon.

Who cares what he wants? He came to Bitcoin as an investor, now he wants to tell everyone in the community what Bitcoin should be? Haha. Bitcoin was chugging along before him, it will continue to chug along after him. Bitcoin doesn’t need him, but he needs Bitcoin.

In fact, he invites those who are trying to create "green coins" to turn to him so that instead of "toxic" bitcoin, they offer their conditions and, of course, the machines would be sold using these green digital coins. It has been said a hundred times already, but in my opinion it's still very funny when a person whose production is not environmentally friendly, especially in battery components.

Is this suppose to be something positive to the btc community! is this the reason why btc price has risen so much within 24hrs, i really don't trust this Elon with this sudden change of thought, or rather an impossible request, how does he expect 50% of miners to be green just like that, does he know how it will cost to run green energy to mine, it is better he stays away and not invest instead of coming to make rules and regulations for miners, nobody force him to invest if he thinks btc not healthy enough.

The cost is too much for using green energy for 50% of total ASIC miner. I think a whole city is not enough to cover by the solar panels which is the most common source of energy besides wind turbine and hydro. This statement of Musk is just a bluff to manipulate again the market.

@OP, Can you please include the source of your news. I'm having a hard time browsing his twitter just dig this statement.

It is possible to go green but this costs a lot of money and therefore miners will be losers, for miners to switch to clean energy the price of bitcoin should go up to $100-200 thousand and therefore miners will be winners in the event of switching to clean energy.
If this happens, everyone will come out with winners, we will get clean energy for Bitcoin, the fossil fuel problem will be eliminated, and the miners will come out with profits as a result of the high price of Bitcoin.
But the question is, is this really possible??

There was no such model, just saying!


Black, brown harmful or not, it's cheaper! Miners will only switch to green energy when that energy is cheaper, other way they will simply not do it!
Germany tried to get rid of coal, now thanks to the new green energy they are paying the highest price per kWh in the world, miners will not be able to do this without government subsidies, and who is going to pay for that?

You either go nuclear or you spend an insane amount on things bad weather can render useless.
This whole eco-green madness needs to stop at one point, you end up only in a shitty situation. Here in the EU governments have tried for decades to get rid of the personal car because everyone should use public transportation, save the planet, all that, then the pandemic hit and public transportation grid to a halt with one bus per hour and suspended routes. You didn't own a car? You were f!!!

I think the pump right now happening is by Musk supporters or we may call them sheeps of Musk
Other than that, there is no relation to upward break of Bitcoin. People need to stop speculating according to Twitter.

For heaven's sake! Stop taking the words of this guy seriously! There are already enough people being db enough to trust their investments to the twwets of Elon Musk! We don't need more! How the hell will the future of this industry end up when people always give this guy's words credibility? He already fcked up a lot of investors with his trolling and now people still believe all the crap he talk about? Man, I really miss the days when china FUD is the only thing to be sad about :/

I don't know what Elon's brain is made of, he seems shameless
he seems to think of Bitcoin and the crypto market as a playground

I just hope the media stops making news about his latest activities but that definitely can't
we just have to wait until he announces he doesn't like dogecoin anymore

He’s always ten steps ahead of the average guy. He probably created loads of negative news to crash the price so he could buy more. Guys like him usually do the opposite of what they say publicly.

By "green" he means that the ASIC miners are powered by green electricity, which in turn means that the electricity is generated from renewable energy sources, i.e. hydroelectric power, solar power, geothermal power, biogas etc.
I think Elon Musk has a point here because the miners from China - and they are currently the majority in Bitcoin mining - mainly use electricity from environmentally harmful brown or black coal.
Elon Musk also has a reputation to lose. On the one hand, he is celebrated for his environmentally conscious cars, and on the other hand, he supports a technology that uses massive amounts of electricity from environmentally harmful sources.

After what we have been through I can only say that Musk has made his tweet keeping something in mind.
He definitely has some hidden agenda behind it. May be he is building some kind of green energy source thus creating a demand for it and then later selling it as a solution.
May be he is starting all this green energy debate because he wants to use it for his business.
Only time will tell what his actual plan was but after the recent market manipulation Elon Musk is not a person to be trusted.
But unfortunately there are thousands of fools still listening to him and following him blindly.

Ok, so i think that Elon musk is just making these statements just for his own benifet and the benefit of Tesla over all,  if you think about it seeing how people and the price of bitcoin reacted to the news of them investing in it and accepting it as a payment made them some serious profits, and after they stopped they sold some of it, and than elon started talking about the enviormental impact of mining crypto and how they should replace it and go green if they are going to return to accepting it, and if you look at what tesla is currentky doing you will see that they are working on making long lasting batteries and some solar energy production system, so i think this whole thing is just a propaganda created by Elon musk to boost the company's profit maybe not in the short term but in the long run.

Some of us have different priorities then Musk.   Fighting a 20,000 year battle on mars to get it livable is not in my opinion a good use of resources and time. 

Getting humanity is to space long term is a worthy goal and I think with current theories about space time that our long term prospects is prob better spent in the Kuiper belt and Oort cloud. yah know where the resources like PLATINUM(fuel cells) is a heck of a lot more common and easy to get to. 

Does hydro and nuclear count?  cuzz most of our power here In Canada is either, we still have some gas plants and a few old coal but not many of those left.

There's a real push for solar and wind but those are still a joke for any sort of heavy use (LIKE EVERYONE HAVING ELECTRIC CARS EH? Musk?)

Fusion is still a pipe dream.  Cute report from china saying we made a Tokomak run for 100 second  WOO look at us.  Too bad it still doesn't produce any power like at all.   Anyone can get a Tokomak to run if you want to dump a crapload of power in to it.  Its pointless if it doesn't return MORE then you put in! Pure showcase "we are strong" photoOP. 

There is also that newish wobbler wind generator that doesn't take really giant amounts of space and kill all the birds and bats. (yes the windmills really do via instant stroke from low pressure behind the blade) I want to see a farm of these in action I don't have any info on if they are any good or just a scammy method of grabbing gov/taxpayers money.

This guy is playing people as he wants. I'm ashamed so many people in the world are behaving like sheep, I was expecting more from the human race. There are so many of you smarter than Elon Musk, if only you could see it.

Well, that just mean he bought the dip and it was all a show trying to be bearish then back on it again and says he's semi-bullish again. It's all for show and this rich dudes and media will always do what they can to manipulate the market.

Bitcoin will stay it's best to buy in this time for longer term holding not just because a dog barks again on his green opinion. I'm skeptical with this man (Elon) to be honest, he's not to be trusted.

This is a good indicator for people to buy bitcoin right now because we know how big Elon can put in the market and you don't want to buy when it's too late, this announcement means that it can be true and you will make more money before Elon can.

elon musk need money so he bought some bitcoin at the dip yesterday and right know he have plant to sell it so yeah 

before elon musk i alredy know about green mining powered by water or wind and solar coal powered is not 100% of mining to be honest tesla itself powered by electric and not 100% clean