Elon Musk reissued the Bitcoin
Tesla chief Elon Musk said in a statement on Sunday that his company would begin
accepting bitcoin as a way to pay for "reasonable" clean energy.
Tesla chief Elon Musk's statement on Sunday that his company would start
accepting bitcoin as a form of payment in the use of 'reasonable' clean energy,
the price of this digital currency has risen in the last 24 hours. An
increase of about 11%.
Musk tweeted: "Tesla will resume allowing bitcoin transactions when a reasonable number of miners' use of clean energy, or about half (50), is confirmed."
The
head of Tesla also said that the company has sold only 10% of its
holdings to ensure that the bitcoin can be easily removed without
shaking the market.
In February, Tesla revealed that it had bought 1.5 billion in bit-coins
and would accept cryptocurrency as a form of vehicle payment, but last
month the company changed its policy to allow vehicles to use virtual tokens. Suspended
purchase. This, he said, was due to the increasing use of fossil fuels for
mining. For the bitcoin mining process to create new units of virtual
currency, to solve complex mathematical equations at the highest levels of
computer processing power need.
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| Elon Musk reissued the Bitcoin |
Along
with Tesla's move, China's crackdown on the country's cryptocurrency
has led to a drop in the prices of several virtual tokens, including Bitcoins.
The
head of SpaceX and Tesla tweeted, "Tesla has
suspended the purchase of cars from Bitcoin." "We are concerned about
Bitcoin transactions, especially the rapidly increasing use of fossil fuels as
coal, which emits the worst."
An
analysis by the University of Cambridge found that the Crypto
currency consumes more than 121 terawatt hours (TWH) a year, making
it the equivalent of the top 30 consumers of electricity worldwide (i.e.
Argentina's). ۔ '
Musk said in his tweet last month that "Cryptocurrency is a good idea on many levels and we believe the
future of Crypto-currency is promising but it cannot be introduced at a high
cost to this environment."
However,
experts also believe that the establishment of crypto farms in cold
countries like Norway, where most of the electricity comes from
renewable sources such as hydropower, is a positive step.
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| Elon Musk Bitcoin Investment |
El Salvador announced last week after declaring the Bitcoin
a legal tender that it would use geothermal energy from a South
American volcano.
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