Bitcoin Clean Energy Consumption Reportedly Over 50% – Will Tesla Start Accepting BTC Payments?

Elon Musk said in 2021 that Tesla would accept Bitcoin payments once miners were using about 50% clean energy sources “with a positive future trend” – a benchmark that may have recently been reached.

In a September 14th thread on According to Coutts, the push toward renewable energy sources was the result of the exodus of miners from China in the wake of the country’s mining ban starting in 2021, as well as certain countries turning to mining to “monetize lost and surplus energy.” .

Sustainable energy sources are increasing by more than 50%
Falling emissions and a dramatically increasing hash rate can only mean one thing; Bitcoin mining uses more sustainable energy overall. pic.twitter.com/AGXrKWDWuI

— Jamie Coutts CMT (@Jamie1Coutts) September 14, 2023

Countries investing in BTC mining include El Salvador – which has also recognized the cryptocurrency as legal tender since 2021 – Bhutan, Oman and the United Arab Emirates. The 50 percent energy benchmark could represent a major step toward adoption by one of the world’s largest companies.

Related: Tesla’s Diamond Hands: The electric vehicle maker’s Bitcoin holdings see no change in the second quarter

Musk – the CEO of Tesla, owner of Since Musk set a 50% threshold for sustainable energy sources at which the company would resume payments, he acknowledged that there was a positive trend towards green energy sources, but has the Tesla’s policy has not changed.

Tesla’s CEO did not appear to have publicly announced any steps to resume BTC payments. At the time of publication, Bitcoin’s price was at $26,572, having risen more than 2% over the past seven days.

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