The post Bitcoin Clean Energy Usage Soar, Tesla To Accept BTC Payments? appeared on BitcoinEthereumNews.com.

The Bitcoin mining ecosystem is evolving at a very fast pace with visible progress in its utilization of clean energy. According to data insights from Woocharts, the percentage of clean or sustainable energy used in mining is now pegged at 56.76%. This reading has triggered a recall of an earlier promise from Elon Musk regarding Tesla Inc’s disposition to Bitcoin payments. Tesla and the Bitcoin Payments Promise According to the Woochart, the BTC clean energy usage has grown steadily since at least April 2021. The platform measures this clean energy usage using the Cambridge Center for Alternative Finance definition of sustainability in its computations. Bitcoin Clean Energy Usage. Source: Woocharts The metric plotted hinges on the percentage of crypto mining sourced from energy sources like Wind, Solar, Hydro and even Nuclear. That this sustainable mining operation is above 50% means a lot for the industry. It might help usher in the adoption of the coin by top corporations like Tesla. Recall that in 2021, Elon Musk’s Tesla bought $1.5 billion worth of BTC. Per recent report, the firm still have 11,509 BTC in its reserve as of the third quarter of this year. At the time it made the purchase, the firm also announced the acceptance of Bitcoin as a payment method. The electric car maker shortly discontinued the payment option, citing the high energy usage of the coin. In a June 13, 2021 post, he said if the coin achieves approximately a 50% clean energy usage, Tesla will resume its Bitcoin payments. Bitcoin mining clean energy usage has now hit 56% Remember when Elon said this regarding Tesla BTC payments in 2021? 🧐 pic.twitter.com/Kh9Mrub2Qv — Milk Road (@MilkRoadDaily) December 28, 2024 One major hurdle now remain whether the data source is enough to make Elon Musk make good on…

---

Filed under: News - @ December 28, 2024 7:09 pm