Re: Bitcoin miners energy usage has exceeded 50%, where is Elon?
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