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

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 

Bitcoin didn't need Elon to get to where it is today and surely won't need him to move forward from here.

Bitcoin spikes a little and Elon Musk posts somewhat in favour of it, most likely for clout and to give the impression that his opinion has an effect on the Bitcoin value. He's trying to stay relevant in the Bitcoin space and build on that publicity.

No one cares (or should care) if Elon musk accepts bitcoins for Teslas or not, or if he believes mining is damaging to the environment, news agencies would use it to sell articles and publications, but it should become old news after a while.

Sometimes me poop is green, if I run an antminer s-12 ( low power, older model ), would I meet the "Musk Seal of Approval" for "Green", inquiring minds got to know.

If I mine on st-paddy's day? Dress in green? Will that work?

Mine in Ireland?

Brown ( drought, lack of water, dead plants )  is the new Green in California&Texas (new home of Musk), will he play the brown card, and put down the green card?

While I know his electric EV's are hardly green given Lithium mining is terrible pollution, and all the electricity is most coal burning out of sight&mind. Then of course his rockets, where each launch is what? Something like 10k auto's in a year, burns the same fuel as a rocket-engine escaping the earth's gravity.

Musk is about as Green as my feces on a normal day. But hell the 'green talk' has gotten him ten's of billions of free tax money. Bullshit works in the USA, works well.

I plan building something with enerkite. Green energy the whole day long 

https://www.enerkite.de/

I get the feeling Musk is pitching this whole "Green" energy challenge to create a demand for his "Power Wall" or the batteries that are being manufactured in his factories, because Solar and Wind generators goes hand in hand with electric batteries. (small scale)

Musk never say or do something without some hidden agenda, so I too will not be surprised if he plans to develop some "Green" solution for this fabricated problem. (He might already have hired some Crypto developers to develop a MuskCoin and to link that to his "Power Wall" or something under development.) 

Hell for that matter, Musk could launch 'satellites' that could generate solar 24/7, and transmit the bitcoins home to earth; would that be green? Surely I think we can ignore that 500 tons of explosive gases used to launch a rocket.

Somebody here surely can propose a power generation device for this hypothetical volcano,  I suspect you could lower a bunch of beer can's into heat-source,  use the steam pressure to run turbines to power the S-19 ant-miners ( bitmain ) 88TH-Sec; Waste of water, but right marketing it could be 'green'

U just know that Musk is going to announce a green power source, very soon for this new problem that he's created and defined, a "Green Bitcoin Miner"

Does plugging into a volcano count?

Seriously, WTF does this really mean?

An S-19 is 2500 Watts, a standard 1M sq solar panel is 300W, so say you need to ten run the miner, but that only' from 8am-4pm, what's you going to do the other 16 hours,

Of course U could locate your green miners near a river and hydro, .. but that's why they went to the coal areas, as the rivers have dried up

So that leaves Iceland and 'geo-thermal' ASIC mining, ...

Now, who is going to tell me when MUSK's request is met, that +50% of all ASIC miners on earth have gone 'green'

R we going to re-define 'green' sort of like how "CHIA" HDD mining is 'green' where it kills SSD's & HDD's that must be dumped in toxic land-fills, so green indeed.

Just posting this OP, because most news sources just run "Musk is back to Bitcoin", they don't tell you his caveat, that it must go green.