As the use of renewable energy in Bitcoin (BTC) production increased to over 50%, Elon Musk’s Bitcoin promise through Tesla came to mind.
Tesla, billionaire Elon Musk’s electric automotive company March 2021 in the month Bitcoin payments he accepted. Then Elon Musk just 2 months later gave up this decision and cited Bitcoin as the reason. a mining system devoid of renewable energy He claimed he had.
In his statement at the time, Elon Musk said that the total energy spent by Bitcoin miners was at least 50% from renewable sources If provided, Tesla will be reinstated Can accept Bitcoin payments he had expressed.
Bloomberg analyst Jamie Couttsin a social media post on September 14 in your postThe proportion of renewable energy used in Bitcoin mining increased over 50% he stated. Especially falling emissions And increased hash rate thanks to 50% rate has been exceeded The analyst stated that the trend towards renewable energy sources China in 2021 He emphasized that it accelerated in parallel with the ban on Bitcoin mining.
Leading countries investing in Bitcoin mining El Salvador to be Butane, Oman And United Arab Emirates countries such as mining operations use of renewable resources takes care. Especially El Salvador, in the country Taking advantage of active volcanoes He has been working for years on a project that will produce Bitcoin.
The debates created by Bitcoin mining have been brought up many times, especially in the US parliament. environmental lobbies and some US senators have repeatedly criticized Bitcoin mining harms nature to companies operating in this field by advocating had attacked.
Tesla’s strong impact on Bitcoin price
Before Tesla started accepting Bitcoin payments, Bitcoin was in a downtrend and 60 thousand dollars from the band for 50 thousand dollars It was withdrawn until. Tesla’s March 24, 2021Following the announcement that it would accept Bitcoin payments in , the price entered an upward trend again, reaching its all-time high at that time. 64 thousand dollars It jumped up to the belt.
Bitcoin followed by a volatile chart May 13, 2021With Tesla announcing that it is giving up Bitcoin payments in 57 thousand dollars Bitcoin at its level almost crashed. Within days of this negative statement, Bitcoin lost 50% value, 57 thousand dollars from level for 30 thousand dollars It had fallen as much.
The rate in question over 50% While there is no statement from Elon Musk or Tesla on the issue yet, it is thought that the company’s acceptance of Bitcoin again may trigger the bull market.