Bitcoin spurs Elon Musk back to accept Bitcoin to buy Tesla cars
Market Economy - Business
Thairath Online
22 July 2021 12:07
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Elon Musk Says Tesla Likely Returns to Bitcoin
If mining bitcoins using 50 percent renewable energy while discussing that they have Bitcoin, Ethereum and Dogecoin.
The Guardian website reports that Tesla CEO Elon Musk
More likely to return to accept bitcoins
To buy Tesla products again
After the company examined the amount of renewable energy used to mine bitcoins.
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Musk said he wanted to ascertain whether the percentage of renewable energy used in bitcoin mining is likely to be 50 percent or more. If so, Tesla will resume accepting bitcoin payments. again
Musk's move at the B-Word conference has pushed the value of bitcoin up 8 percent to $32,160.16 after the bitcoin's plunging in May 64.
because of Mr. Musk
Indicates that payments with Bitcoin will be suspended.
Because Bitcoin mining consumes too much electricity from fossil fuels.
Mr Musk also added that
Beyond Tesla's Bitcoin
Mr Musk also owns Bitcoin, Ethereum and Dogecoin.
Tesla's investor side
And environmental activists have criticized bitcoin mining.
that uses electricity from fossil fuels enormously
while other crypto-currency miners
has tried to use renewable energy to mitigate environmental impact
Tesla shares were down 0.8 percent at 655.30 in extended trading.
Source: The Guardian
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