id=»article-body» class=»row» section=»article-body»>
You won’t be able to buy cars from Tesla with Bitcoin again until miners adopt clean energy mining methods.
Getty Images
Tesla CEO Elon Musk said Sunday the automaker would resume accepting Bitcoin for vehicle purchases when it’s confirmed that miners have adopted clean energy methods to mine the cryptocurrency.
«Tesla only sold ~10% of holdings to confirm BTC could be liquidated easily without moving market,» Musk said in the . «When there’s confirmation of reasonable (~50%) clean energy usage by miners with positive future trend, Tesla will resume allowing Bitcoin transactions.»
This is inaccurate. Tesla only sold ~10% of holdings to confirm BTC could be liquidated easily without moving market.When there’s confirmation of reasonable (~50%) clean energy usage by miners with positive future trend, Tesla will resume allowing Bitcoin transactions.
— Elon Musk (@elonmusk)
window.CnetFunctions.logWithLabel(‘%c One Trust ‘, «Service loaded: script_twitterwidget with class optanon-category-5»);
Tesla officially back in March but said in May it would and suspended its policy of trading the bitcoins it already has until the currency transitions to a more efficient, top automated forex trading robot sustainable energy source.
about the use required to mine bitcoin. Mining the currency requires high levels of computing power, which solve mathematical puzzles to earn new coins. In 2018, researchers suggested an increase in the cryptocurrency’s popularity could create a demand for electricity that would generate excessive carbon emissions.
<div class="shortcode video v2" data-video-playlist='["id":"bb267edc-8863-43de-94d8-7eab3df5b716","title":"Crypto wallets explained","description":"If you\u0027re buying cryptocurrency you\u0027ll want to keep it safe and accessible. Here\u0027s what you need to know.","slug":"crypto-wallets-explained","chapters":"data":[],"paging":"total":0,"limit":15,"offset":0,"datePublished":"2021-02-28 13:00:03","duration":211,"mpxRefId":"Ynuy3DEEzs64OKFVqcXpw43b2xcq3kHG","ratingVChip":"TV-14","primaryTopic":"id":"1c1fbb47-c387-11e2-8208-0291187b029a","author":"id":"326a12b4-6e0d-44b2-89d6-d85deb8efe61","firstName":"Richard","lastName":"Peterson","primaryCollection":"id":"6fcb322f-9ea7-49cc-873e-a56053cd663f","title":"Special website
Watch this:
Crypto wallets explained