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Bitcoin's Green Energy Usage Now Exceeds 50 Percent. Will Tesla Resume Payments?

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Wed, 06/16/2021 - 05:57
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Alex Dovbnya
One of the most influential Chinese miners claims that Bitcoin mining is already predominantly green
Bitcoin's Green Energy Usage Now Exceeds 50 Percent. Will Tesla Resume Payments?
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Jiang Zhuoer, CEO of mining pool BTC.TOP, has tweeted that Bitcoin miners’ clean energy usage already exceeds 50 percent.

Zhuoer claims that mining facilities located in Xinjiang, Qinghai, and Inner Mongolia have been shut down due to the government’s ongoing crackdown on the industry.

Only hydropower mining farms located in Sichuan have so far managed to remain unscathed, according to the renowned miner.

Related
Tesla CEO Elon Musk May Start Paying Rent in Bitcoin

As reported by U.Today, Tesla CEO Elon Musk recently tweeted that the leading e-car company would resume accepting Bitcoin payments if miners were to reach the 50 percent threshold.

However, it is unclear what source of data Tesla will use for verifying Bitcoin’s greenness.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.