- Harnessing renewable energy could help the BTC miners.
- How the Bitcoin mining scene relates to renewable energy explained by Yonathan Lapchik.
- Tesla would no longer accept Bitcoin for purchases.
The harnessing of renewable energy could help the BTC miners explained, crypto industry brass. Bitcoin mining through renewable energy is already prominent. The popular topic discussed in recent weeks is the energy consumed by mining and the process that keeps blockchain running.
CNBC (Consumer News and Business Channel) posted an interview with Yonathan Lapchik CEO of SUKU, on Friday. In that interview, he explained how the Bitcoin mining scene relates to renewable energy. Yonathan Lapchik previously claimed that 75% of Bitcoin mining comes from renewable energy, noted by the interviewer.
Moreover, Lapchik added that 75% is an actual figure, and, he said, “The miners are indeed incentivized to use renewable energy”. And at last, he shifted his thoughts towards the electric car Tesla.
Tesla
Tesla founded by a group of engineers to prove that electric vehicles can be better, faster, and more fun to drive than gasoline cars. Notably, Tesla not only builds electric vehicles but also infinitely scalable energy generation and storage products.
Recently, Tesla made an announcement, due to environmental concerns Tesla would no longer accept Bitcoin for purchases. Surprisingly, Elon did not consider that before getting into space, said Lapchik.
Moreover, he should have done that before accepting Bitcoin as a payment mechanism for Tesla. In March, Tesla opened its doors to payment through bitcoin by United states Clientele bank.
Hence more, the move went public after the car company purchased $1.5 billion worth BTC. Elon Musk, recently stated disapproval of the fossil fuel energy Bitcoin mining calls on, through a Tweet on Wednesday. Accordingly, he discontinued payments to Tesla using BTC.
Lapchik said,
“We’ve been proving over and over that, that’s the real case for miners in the bitcoin network”.