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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