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Elon’s Quest for BTC Mining Energy

Elon wants to know where BTC miners get their energy.

The South African entrepreneur behind Tesla and SpaceX took more punches at the bitcoin mining process. He really is concerned with BTC mining energy.

Elon Musk has just Started Asking about BTC Mining

A lot of people were shocked last week when Tesla announced that it won’t be accepting Bitcoin payments for goods and services. Despite its announcement last March that they will be accepting. Unfortunately, this sent Bitcoin into an enormous downward spiral. And now, the world’s biggest and most popular cryptocurrency by market cap fell below $40,000.

This is because Musk suggested that Bitcoin mining can give a major burden to the environment. He showed concern that a lot of energy is used to mint new coins, and that those who are mining will place the planet in even greater danger.

energy

Things didn’t end there. Now it seems like Musk calls on all bitcoin miners to say how much energy they are getting for their operations from clean sources, like hydroelectricity. In a sequence of social media messages, Musk said:

“Energy usage is starting to exceed that of medium-sized countries. Recent extreme energy usage growth could not possibly have been done so fast with renewables. This question is easily resolved if the top ten hashing [organizations] just post audited numbers of renewable energy vs. not… These massive [bitcoin mining operations] take away the fabric of decentralization. A true ‘for the people crypto’ needs to be realized.”

Where do miners get their energy?

Over the past few months, the bitcoin mining debate has waged heavily as bitcoin continues to reach its new highs. With its present price, the argument might die down for the meantime. It seems that the members of the crypto industry still pose ideas about why bitcoin mining can probably lead to permanent harm.

It has been stated in some reports that Bitcoin mining requires more energy than particular countries like Iceland and Argentina. Furthermore, it has been said that mining boasts as big a carbon footprint like the city of Las Vegas, Nevada.

Aside from his hits at Bitcoin mining, Musk still plugs Dogecoin, with the tweet saying:

“How much is that Doge in the window?”

Elon’s Love for Dogecoin

The tweet has been posted together with a picture of a Shiba Inu dog – the coin’s mascot – on a $1 bill. Musk mentioned that he really was an avid fan of Dogecoin and elaborated:

“I have not and will not sell any Doge.”

Dogecoin has been on the rise not so long ago when it rose to around 70 cents per unit. But, after bitcoin’s series of downfalls, Dogecoin also got caught up in the negativity and lost around 20% of its value.

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