Bitcoin Forum

Elon Musk talked about how BTC mining with electricity isn't environment friendly but he invented electric cars, in near future if this actually becomes popular electric cars will be available world wide and billions of vehicles will be charged by electricity so how is this environment friendly?

All I can see here is each man for himself 🤣, Elon musk is just fighting for his own pocket and in the end he will end up shooting himself in the foot, the man will turn his reputation into piece of joke just like what happened with McAfee

Firstly, let's get rid of this FUD, please. Bitcoin mining is friendly enough and in the forum, you can find some topics that debunk the FUD. Search and find them very quickly.

Secondly, Elon Musk does neither invent Bitcoin nor energy consumption issues. Bitcoin is more than 1 decade old and Bitcoin mining is not new. The power resources are used for Bitcoin mining are well know as well.

Do you think the traditional bank systems on Earth consume less engery than Bitcoin? Are they more environmental friendly than Bitcoin mining?

As if there is an end to electricity, if you take this seriously then you don't know anything about electricity, it's something we used everyday of our lives generally it's something we can't do without so how is this not even environment friendly? Is BTC mining releasing some kind of unhealthy carbon or air when mining is ongoing? Fuck Elon Musk for saying such FUD about BTC

people who own the electric car business, talk about unfriendly use of electricity. isn't this funny ?. in fact crypto miners use alternative energy that is more environmentally friendly. from what he said, we are all aware that he just wanted to make the market crash. he just wanted to create a FUD so he could buy it cheaper.

everyone was focused and starting to get infected by Elon words, and we still wouldn't believe that easily. So far, we've been tricked by Elon. Isn't it that he who has been promoting Bitcoin on his profile then thinks the development of Btc is not environmentally friendly. and in fact this was very out of sync with his actions at the time. Regardless of whether it has an impact on the environment or not, we feel that in today's era it has become commonplace, everything cannot be separated from the use of electricity.
I don't really mind all of them.

Electric car?? meaning, with this you don't need fuel any longer, is that right?
You know what, I don't understand about Elon musk if He is one of the whale investor of Dogecoin
or influencer who can able to manipulate the community if they need to buy or not about this coin of
Dogecoin and now He is one of the inventor now of Electric cars, isn't He become funny with his personality.

So you still believe in Musk's opinion about environment friendly? I couldn't even believe that people were FUD by that stupid argument. Put that aside, electric cars are another story. When the whole world believe that electric cars are environment friendly then they are. Gasoline cars are obviously not friendly to the environment and electric cars (battery recycling) are not either, but point is electric cars are the better option.

In my opinion, it doesn't difference either it's an electric car or a car that uses fuel oil, because if everyone uses an electric car, it will certainly add to the total use of electricity, then the demand for electricity supply will increase, is there electricity just like that? No, electricity requires generator workers whether it's coal, wind, or sunlight, and of course it still has an effect on the environment, this is only an elon strategy to reduce Bitcoin, he only incited his followers for his own interests.

I think he has a goal since getting involved in crypto, see how he plays the market turmoil for personal gain and how he destroys the market, after that it starts to recover the market price again. Regarding mining, have any miners complained about electricity since the emergence of btc mining?

mining Bitcoin, is it terrible? I was surprised to hear that as far as I know, currently I cannot avoid using electricity, therefore there are innovations being developed, including the use of solar power in Mexico. it might be an alternative that makes it easier for us to not be too wasteful of electricity. then the fuel for cars that already use electricity, will the impact be balanced with the combustion of engines that use gasoline?
By comparing the two we will know the value of innovative use of electricity for the environment.

In general, he is some kind of extraordinary person. I watched his speeches and sometimes did not quite understand his thoughts and conclusions. At times it seemed to me that he contradicted himself. I decided not to think too much about his decisions. And don't take everything seriously.

Electricityis one singular contributors to green house gas.  How is electricity produce,? Electricity is produced by nuclear energy which polute the air.  In some places,  they rely on fossil fuel to generate electricity because of some peculiar situations and environmental circumstances!  Only solar generating electricity is clean! So,  Elon has to do more!

It's just that handsome billionaire decided to make even more money using his influence. Of course, the arrival of such large players in crypto may mean that it is becoming more and more interesting. However, their monipulation can lead to disaster.

There will be more billionaires like Elon musk in crypto space in near future and believe me they will repeat same process like of shilling crypto over and over because billionaires will never get tired of making more money and we all know that crypto is capable of doubling their billions, I don't blame Elon Musk that much but those that are following him.

Burn. Ding! Ding! Ding! That's correct.
Include also the batteries that are not environment friendly. Is he going to recycle all of those or just dispose of them in some third-world country so that his place will still look clean.
He just did that manipulation for his own greed. I would not trust everything this guy will say for it will not really be for the future of mankind but for his own.
Or, it's just his marketing scheme which is the worst kind. Cryptocurrency or to be precise, bitcoin revealed his true face.

As simple as that, people are ignorant that in order to get the materials for the batteries necessary to power his cars you need the extraction of very rare materials and the use of electricity that comes from fossil fuels anyway, not only that those cars are more inefficient than fuel cars making them more polluting than the tried technology of fuel cars, Elon is just a marketing genius and not the one that will take us to the stars as many believe.

There are a lot of studies out there already that show that electric cars are not by default more environmental friendly than "normal" cars with combustion engine. To be really environmentally friendly electric cars need to charged with 100% electricity from renewable sources and that's still not the case most of the times. In addition to that you need lithium and cobalt to make the battery packs for the electric cars. To extraction of lithium is also problematic because groundwater flows in from surrounding areas and the groundwater level drops as a result and most of the cobalt comes from the Congo, where it is mined under extremely inhumane conditions.
So yeah.. quite some double standards here.

It's good that people have the option to use electric cars and it is cheap to use as compared to other fuels in my country but he should not make fUD about bitcoin mining electricity usage and its effect on the environment. Such statements are not appreciable by an influencer for any market. I am thinking about how the electric car does not affect the environment if he says bitcoin mining does.

Of course, isn't environment-friendly C.Z  also tweeted about it.

source (https://mobile.twitter.com/cz_binance/status/1399195759140954112)

If elon musk is really serious about environment, then he should build a car running on water instead of electricity...

maybe why elon musk issued his opinion about bitcoin mining with electricity that is not environmentally friendly while his business runs by using electricity even if it is true that elon musk's invention of electric cars is produced and even predicted to be the production of electric cars in the world, it seems it's all just Elon musk's excuse just because after a few days elon musk bought bitcoin at a price of $ 1.5 billion and after that elon musk suffered a huge loss even Elon musk's losses reached billions of dollars, now with elon musk issued an opinion that mining bitcoin electrically is not environmentally friendly

I do not know if people here are joking or not but some of you have zero clue how the cars work right now as it seems. Right now we are using gas, petrol, basically oil, which is basically limited and requires us to kill the earth in order to get it, freaking and all other methods are making the world a horrible place to get out. So that means in order to get electricity from that, we are murdering the world right now with those cars.

Electric cars however are just using electricity, doesn't mean that it has to be produced this way or that way, you can have solar panels creating electricity and use that in your car as well it wouldn't really change much, so it would be safe for the world, or you can get it in a bad way as well, it all up to you. Which is why one option murders the world and all humanity currently, while Elon's option give you the freedom to not kill the earth while driving, that is the difference.

With this FUD Elon Musk already make alot of money, this guy is smart and he knew what's he is doing a along, do you know the price of dogecoin before Elon Musk tweeted that doge tweet? He already filled some bags at cheaper price and make millions in just few days, he doesn't care if people likes him or not, it's always about the money

That's the irony or contradictory about Elon, and about this statement on bitcoin mining, it has been debunked by many experts so we shouldn't believed or be influenced on anything he said on his twitter account.

He simply wanted to gain attention and create a lot of FUD, but in the end, I think he will not succeed because it's obvious that he has some narrative behind his attacks on bitcoin and bitcoin mining.

looks like it's bad news made to lower the price of btc or fud made to make the market chaotic, after the news of elonmusk I heard the news that china is doing fud on bitcoin, surely after that good news will happen again to make the market go back up.

Its what you called publicity mate. He is also wise when he did announced it. Why? Of course some elon musk followers believe him and will panic sell on bitcoin and you know did happened right? However wr already anticipate that his move was to boost doge instead since he got out already from bitcoin and realize the multiplier is much stronger on dogecoin. See how tweets working so far. So I think elon is just playing business here.

There have been these arguments on Crypto twitter. Some stupid people think it is a good idea to go on a SpaceX launch or Tesla post and make a comment about "So this isn't causing emissions, huh?". I feel that such behavior and trolling is pretty counter-productive.

The whole world, or at least the sane people accept that switching to Electric cars will be beneficial in terms of CO2 emissions. If everything goes electric, the oil companies though would lose the most. Not a collapse I'd say but they have the most to lose, which is why things haven't moved so much politically when it comes to climate change.

What Elon needs to realize is that DOGE has a different design, lower transaction costs and lower network value. As the value rises, so will the profitability and the hashrate. That is just how PoW works and it has gone through that cycle for SHA-256 mining.

His other statement that "cryptocurrencies" exist with less than 1% of Bitcoin's consumption is based on the assumption that PoS can work for a sound money that Bitcoin intends to be. It is just an ignorant position where he is not actually aware of the history and failure of PoS coins to be truly decentralized. They almost always end up as some foundation/ corporation coin.

and it was used to attract more big investors who felt it was too late to join the rally.
if prices continue to be at the top, who will buy for too high a price? of course, they can make manipulations to lower market prices and they can enter to participate in the next rally.

Yea he's kinda confusing sometimes indeed  ;D ELON should just try to make a private nuclear power plant if he's truly concerned with energy consumption  ;D.

If only he's more open minded with the overwhelming energy consumption caused by crypto and try to solve it with renewable energy instead
we could have a good thing, but I guess if it's other people that uses the electricity he consider it as a waste but if it's HIM who waste the electricity then it's not an environmental concern, funny guy  ;D

Electric cars will only be a means of transport with lower emissions than cars running on fossil fuels.
We cannot compare Bitcoin and electric cars because it belongs to two different application areas.
If comparing Bitcoin with altcoins with other mining mechanisms like POS or hard drive mining like CHIA, CONFLUX, BURST, it will be fairer.
I think Elon Musk is right about Bitcoin. But unfortunately, he is not a legislator so we need to listen to the government instead of Elon Musk.

Bitcoin is a currency that is mined by computer equipment, mining uses electrical energy and emits carbon emissions. Such a currency is not really good because it consumes too much energy.
What Elon is referring to is that there is something other than Bitcoin that consumes less energy and emits less carbon. Soon, Elon continued to talk about Bitcoin using renewable electricity like solar or wind power. It was a flip of the argument he had stated before.
I have no opinion about electric cars because it is certainly less environmentally harmful than cars running on fossil fuels.

I've never thought of this before. I totally agree with this thought. Electric vehicles are very popular in many parts of the world, but no one cares about the environment. Everyone agrees when it comes to Bitcoin hostility. I wish everyone was a little more sincere.

If electricity is cheap to use what's wrong with mining BTC with this cheap electricity? Atleast those BTC miners also pays their electricity bill so what's Elon's problem here? Imagine billions of cars using electricity in future how is that environment friendly compare to mining BTC?

Bullshit, does this brings any harm in any way? What ever that's not environmental friendly brings harm to the environment now pls explain how BTC mining is disastrous to health or the air that we breath in, what a piece of joke

Excessive use of resources is an unfriendly factor for the environment. For electric cars, I believe that in the future there will be a new task for the world to think about where this waste from battery use will go?
If we look at two subjects, electric cars or conventional cars, of course nowadays electric cars look environmentally friendly, but not if later the whole world has used them and there are no more conventional cars.

it's obvious that Elon Musk has his own agenda by tweeting things related to cryptocurrency. First, his tweet gave the impression that he supported bitcoin, testing the water. He learns how the cryptocurrency community affected by it and how euphoric people are because of one popular figure supporting the crypto world. After knows the characteristic, then he's playing with dogecoin and now he withdraws his support to bitcoin. All of this was just a game of business for him, no more and no less. By uplifting the electricity and none-eco friendly technology topic, it seems that he forgot that his product actually isn't that eco-friendly itself. Funny.

While I agree that all of this was about the money and it was a way to get some extra cash for him and his companies that despite its high price are nothing but a money sink I do not think he does not care, he seems to me the kind of person that does not understand people at all and it is impossible for him to put himself in the shoes of someone else, so he thinks that people should still love him despite what he did and it is honestly surprised this is no longer the case in this market.

Electric cars, as well as bitcoin, consume a large amount of electricity, but this does not prevent car manufacturers from developing such engines as a priority. Elon Musk believes that electric cars have a higher priority than bitcoin mining, because he is the owner of Tesla. But the crypto community does not agree with this.

Because you can produce electricity with solar cells while you can't produce fuel with solar cells. The long term vision is that all energy these cars require comes from renewable energy sources like solar panels and what not. But his batteries are not as environmental friendly as many would think as far as I know. There are still some ifs involved.

Electric cars do not generate carbon dioxide and other polluting gases to move.
They use lithium batteries instead of gasoline, this is where they become environmentally friendly.
There are some companies that are developing smart streets to charge electric cars, this is also where it is environmentally friendly.
In addition, graphene batteries are coming, fully charged in seconds... :o

The CEO of Binance "Changpeng Zhao" already tweeted about these topics. I believe that energy isn't a problem, how to minimize the effects from the environment. Green energy or renewable energy could be the best choice, but we need huge energy in a small place. We don't care about the real effect of the invention because we think our invention is the best.

indeed energy is not the source of the problem, the problem with the bitcoin dump price is the news or FUD being spread,
this is what makes a bitcoin dump, even though from a comparison between gold and other properties only Bitcoin is still environmentally friendly,
hmmm, very funny to see the news on fry like that

Sadly, many people are misinformed when it comes to this kind of discussion. And sometimes the media or other organizations will release statements that are in favor of what they are fighting for, to the point that they are not being fair of presenting the real situation at hand. People should not believe whatever the media is feeding them and analyze what is the actual situation and how it really affects our way of life.

that kind of begs the question... please cut me in... will the electic cars mine cryptocuurencies while they are idol and have excess power.. maybe while filing up at the wally world?

This just proved that Elon Musk is getting all the wrong information about Cryptocurrency, he looks like an hypocrite here creating a FUD on Bitcoin because of electricity issues when he has one running on it and it's both beneficial to the society, it's an old issue that always surface if one wants to create FUD on Bitcoin and those who create this are newbies or ignorant on Cryptocurrency.

By comparison, it's obviously a waste of electric cars. And I'm sure when Elon Musk reported that the bitcoin mining environment was so wasteful of electricity it was wrong. I see from the data scattered news cryptocurrency electricity usage on mining is not the highest. I think he wants to take advantage to buy under. and now no one believes in what he tweets.

Which is ridiculous as a notion, for civilization to thrive we need a form of money otherwise the size a community can reach is very small, money despite what some may think of it as the root of all evil is the most efficient tool we have to easily exchange products and services and to measure value, at some point in the future cars will be replaced by other transportation vehicles but it is difficult to understand a society that does not use money and that can maintain its current scale.

With his new invention right now, he just proves that he's only into profits and nothing is really good about his electric cars but only a waste of money too aside from wasting of electricity.

Elon is definitely taking advantage on the market. While he's into making profits, we are also quite suffering from this dip even if it means a good opportunity though. Now that Elon Musk has shown his true intentions in crypto, i think his followers right now are starting to hate him just the way we did.

Elon Musk's words are aimed at manipulating bitcoin prices.. in my opinion, actually he just wants electric cars to be known among cypto investors, it will make company profits with the issue of BTC mining with electricity isn't environment friendly

Well he is the owner of Tesla, he won't mention that his products are utilizing electricity.
As what I see and said before, it is just business trying to manipulate/destroy other businesses in order to dominate the market.
He does not have idea what he was to expect here in crypto.

The dude is popular worldwide so it is difficult to imagine this is going to become a trend however I think he elected the wrong people to bother, this market is composed of some very rich individuals and the ones that are part of it are going to be some of the richest persons alive during the next decades and he is gaining a lot of ill will from millions of people, it may seem as if he earned money with this move but it is arguable if in fact he lost money long term.

Elon Musk should not be taken seriously because sometimes his words do contradict each other which is due to his quest to control people's mindsets. He has been making a lot of efforts these days to control the Crypto market just because of his vast influence in the market. I'm not always surprised whenever he makes claim of what is good or bad for the entire world.

Elon is a business man who is looking for the slightest opportunity to add more dollars to his net worth, and I believe he won't stop if what his doing is bringing frequent cash to his table. He knows what his doing but the ignorant might still take him serious which is very obvious.

The reason was just an excuse something like the biggest company in the world like Tesla would know that kind of things about bitcoin before even investing in it, Elon Musk is an Engineer right so something like this is easy.

I mean common before we invest in bitcoin we should at least make our own research in it, and in my experience, before even investing in bitcoin I already know that kind of thing in bitcoin.

Does it means Tesla doesn't do its research for a company that makes cars that cost thousands of dollars I don't think so, His tweets are obviously price manipulation and I'm not surprised if he dumps his bitcoin after announcing the news.

Don't take it seriously, you will have many concerns if you keep following the social media accounts of Elon Musk. He is the biggest speculator I have ever seen, pump-dump tweets cost us billions and he makes money with manipulation. In regular markets, he will be fined for such speculation which is impossible so clearly on social media.

He pointed that to the mining industry which powerup its mining by coal. So, as long its use green energy its ok for him. But tbh, its hard to maintain mining with that pricy green energy, so it will hard to get rid of it.

Elon doesn't like BTC and he will always spread FUD about BTC. So, whatever we are arguing, once hate to BTC, there will be always. However, I also don't know whether he actually likes BTC because this is money
He is the one that is very ambitious about crypto, being in crypto in order to spread any FUD and hype. Yeah, we know that he always has the power to manipulate the followers and crypto world to be what he is expecting.

well the guy still has a lot of influence on bitcoin, see what happened to the price after this news:

Elon Musk lays out when Tesla will begin accepting Bitcoin payments (https://cointelegraph.com/news/elon-musks-lays-out-when-tesla-will-begin-accepting-bitcoin-payments-again)

https://i.imgur.com/qu70T0P.png

the price has increased a lot, it was an 8% increase and I think that this huge price increase must be linked to this news, unfortunately this market is still influenced by it.


 :D

I've never followed his twitters, but I see what he says on the news sites by coincidence

The use of electric cars will become more harmless to the planet than the use of cars with internal combustion engines only when electricity is generated entirely from renewable sources such as solar panels, wind turbines, etc.

While most countries have standard sources of electricity such as thermal power plants or nuclear power plants and the like, the planet's pollution will not fall much. So yes, Elon Musk may have started with electric cars, but there are still many things that need to be change.

So must still insisting that Bitcoin is not using clean energy? He will only accept it if miners are going to shift their source to a clean one? Doesn't make sense at all as we all know that bitcoin mining if ever not using clean energy only contributes a minor percentage to the global problem.

Why not him look at what companies or what countries are really not using clean energy?

In any case, good to see the market bounce back. Another big test to see if we are going to break that big $40k mental barrier.

I don't really like to talk about Musk. He helped a lot in expanding the market a few weeks ago but this guy has become a big speculator now. While it doesn't make sense to follow Twitter to make money, it still has an impact on the price when talking about bitcoin. He calculates very well how he can earn money and speaks accordingly :D
What he says about electricity use and energy doesn't make sense. There are so many things we can be environmentally friendly about

In my opinion, it is better to ignore all of those tweets from Elon musk regarding Bitcoin mining, because if people keep engaging him base on those tweets It will surely go trending and highlighted and all of the attention will go to Elon Musk and contrary it brings negativity to the bitcoin side, especially in the bitcoin mining-related issue, the problem here is deep it involves the future of our planet we have a timeline to fulfilled it's only 9 years left and if the global temperature is continuing to rise it may game over to us, that's why those issues are need to be tackled in the right venue and not on twitter arena.  

I remember when people never gets tired of talking about John McAfee like this, but now he's an old story and nobody talks about him any longer. Nobody cares about what he has to say any longer, whether he's right or wrong. This is what it's going to be like for Elon Musk soon, if he continues like this, very soon it will get to a level where nobody would care about what he has to say any longer.

And as for the electric cars, well electric cars are better than gasoline cars. And apart from being a greener alternative, they also cost less in terms of transportation. Based on my research an electric car will cost around 3 cents per mile, while gasoline cars will cost you around 10 cents. So they (electric cars)are far much better than making use of electric cars, and also they eliminates exhausts.

Did any one noticed the most recent tweets from this loser? His new offer is that he will reconsider Bitcoin as one of the payment methods, if 50% of the energy consumption for Bitcoin mining comes from green energy. Let's all stand together and say a big "Fuck You" to Elon. First of all, Bitcoin is a decentralized cryptocurrency and he can't dictate whether we should use green energy or non-renewable energy. As long as non-renewable sources are being used for electricity generation, Bitcoin mining farms will continue to use electricity from such sources. Combating climate change is not our sole responsibility.

Elon already impressed with the decision that already taken by some big bitcoin mining companies to move their electricity usage to the renewable conservative energy to run their mining progress.
that's why tesla already made a decision to accept bitcoin as a payment again. Elon already changed his mind again.
That guy was a mind blowing dude. Privacy didn't need to be involved in this case.

Over time I also thought that it was just a game. moreover, a few days ago he said Tesla accepts BTC transactions again if bitcoin miners can use more renewable energy: https://www.nbcnews.com/tech/tech-news/musk-says-tesla-will-accept-bitcoin- crypto-miners-use-clean-energy-rcna1184

Like it or not, his statement influenced the market movements a little, although we know there are many things that can affect the market there are definitely some that get carried away. maybe he's taking this moment for personal gain, making his own waves to his advantage, who knows? we should try our best not to get carried away, because the technical analysis can fall apart because of a tweet.

What can you expect with elon? why not look at His own garden to find out whos using what.
Because Bitcoin is the most controversial now and we knew how He wanted to be in crypto news always.
Exactly , Bitcoin climbing 18% in the last  7 days.