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Elon Musk Posts New Tweet on Bitcoin Energy Consumption, Confirming Tesla’s BTC Rejection

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Thu, 05/13/2021 - 10:13
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Yuri Molchan
Tesla CEO continues talking about Bitcoin’s drawbacks in terms of energy consumption, shares recent data in a tweet
Elon Musk Posts New Tweet on Bitcoin Energy Consumption, Confirming Tesla’s BTC Rejection
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Elon Musk insists that Bitcoin is not an eco-friendly cryptocurrency as he has just posted a tweet with a chart, showing a massive surge in Bitcoin energy consumption in recent months. Thus, he has confirmed the assumed basis for Tesla rejecting Bitcoin payments.

Earlier today, he announced that Tesla has stopped accepting Bitcoin as payment for its e-cars due to Bitcoin being too energy-consuming.

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Image via Twitter

Related
Elon Musk’s Tesla/Solar City May Enter “Super Clean” Bitcoin Mining Next Year: Anthony Scaramucci

The company would not be selling the BTC it is holding. Musk tweeted, however, that Tesla is going to look into other crypto to replace BTC as a means of payment.

Will Musk enter the "clean Bitcoin mining" industry?

As reported by U.Today previously, the CEO of SkyBridge Capital, Anthony Scaramucci, believes that Musk has announced Tesla giving up accepting BTC payments to draw public attention, and the attention of governments, to the carbon footprint issue and the search for renewable energy sources—for Bitcoin mining in particular.

Scaramucci has bet 500k Satoshis that, next year, either Tesla or SolarCity will become a disruptor of the Bitcoin mining industry and will begin to mine Bitcoin using green energy.

Many Bitcoiners are debating with Musk after his recent announcement about Bitcoin payments and Tesla, pointing out that 75 percent of BTC miners are already using sustainable energy sources. Crypto influencer Anthony Pompliano is one of them.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.