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Will Elon Musk’s Tesla Resume Accepting Bitcoin Soon? Green BTC Mining Reaches 56%: BC Analytics CEO

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Sat, 07/03/2021 - 10:44
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Yuri Molchan
BC Analytics founder has tweeted that half of all Bitcoin mining operations is now done on green energy, he wonders if Tesla will resume accepting Bitcoin soon
Will Elon Musk’s Tesla Resume Accepting Bitcoin Soon? Green BTC Mining Reaches 56%: BC Analytics CEO
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Benjamin Cowen, who founded BC Analytics company and runs it, has taken to Twitter to remind the crypto audience that 56 percent of Bitcoin mining operations is now based on sustainable energy.

For that, he cited a tweet by Michael Saylor, CEO of business software giant and the first corporate holder of Bitcoin.

Now, Cowen wonders if Elon Musk intends to resume Tesla accepting BTC payments for its electric automobiles and tweet about it soon.

Earlier this year, Musk pushed the Bitcoin price down substantially by tweeting that Tesla suspends accepting BTC as payment due to the controversial issue of the carbon footprint left by Bitcoin miners globally.

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Tesla chief stated later on that the company will resume taking Bitcoin as payment once at least 50 percent of BTC mining operations are based on green energy.

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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.