Can Renewable Energy Save Bitcoin's Reputation?
— Unused energy, Viable, Elon musk, Arguably, Company runs two data centers, Country, Crypto exchanges, Operational sometime, Sunshine, Forbidden — 1 min read
Elon Musk tweeted that Tesla would cease payments in Bitcoin due to the impact Bitcoin mining has on the environment. Many Bitcoin miners are choosing cleaner energy sources due to their abundance, cheaper costs (which result in greater profits), and overall goals of minimizing carbon footprints. Some of the most significant landmarks toward the coveted clean energy goal have been reached just this year. There is no question it uses a considerable amount of energy but current trends point to a future where Bitcoin uses clean, renewable energy sources. Other Bitcoin mining companies are coming to the realization that renewable energy is the future of Bitcoin mining. If Elon Musk shares positive developments like these developments, it might just be enough to put an end to the negative discourse on Bitcoin's use of electricity and mining. Source