Bitcoin Forum

At the B-word event, and on other occasions, Elon said Tesla was going to accept BTC again when its mining would have become "greener" (at least 50% of green energy usage).


Now, let's pretend we are all cynical and insensitive people, who believe that Elon is only waiting for the right moment to start a new rush, looking at the current market conditions, do you believe that Elon is going to make the move by the end of this summer or maybe we should wait till the end of the year?


P.S. n.1: obviously I don't want to appear like a fool who "follows every move his hero is going to make", but I think we all agree about the influence of this man (basically the previous bull-run was caused by him) and the power he has.

P.S. n.2: now let's assume that Elon really follows the percentage of green energy used by the mining industry, when you believe we are going to reach that fateful 50%?...Is there a website or some on-chain indicators that could give
              that type of information?

No. Any sampling that you're going to obtain is going to be either highly biased or just outright inaccurate. Only the miners who are using a huge percentage of green energy would bother declaring that they're doing so, if they do then how should we check and enforce it? It is simply impossible for the target to be achieved, or at least without a guarantee that the statistics are accurate.

If you think that the problem of energy consumption is solved by renewable energy, you're dead wrong. Elon Musk obviously doesn't care about the environment or perhaps he's just living in his own world.

In this case, the right question should be when Tesla or SpaceX will accept Doge coin, as Elon Musk was also responsible for the bull-run for Doge. It was a Hype we shouldn't wait for more consequences from it .

There are no reliable ressources that provide info about the green energy consumption for the global economy. And in particular for bitcoin mining, the info about energy consumtion is hidden and none of the mining companies announce such an info in public .

at first i was interested in things related to elon but now i don't really follow and even still not interested about what he does be it positive or negative about btc. because his statement is always changing all the time and can not be trusted completely.
the issue of whether elon and tesla will return to accepting bitcoin after the energy consumption problem is resolved I'm not sure if they will care or not. they seem to care about this but on a closer look I'm not sure about it. because Elon only cares about his world not with btc.
even if renewable energy solves the problem of mining this won't guarantee it will be friendly to btc, but it doesn't matter because elon is there or not I don't really care about that, although indeed with him he can at least have a good influence on btc because influencers like him have a lot of followers.

Forget tesla.
they have bought low and gradually selling now till the dust. panic selling incoming now, people are talking another shit about amazon and thats a delicious ride for those who setting this a little drama to pump it up to get dropped to the lowest value in a year.

they are no longer interested (they never did) in bitcoin since the first day , its all bullshit.

Do you still believe that he is care about the environment?
This guy is nothing but crazy, he is too much concerned about the energy consumption by Mining Bitcoin. He launches bunches of starlinks which are visible by naked eye, Didn't it ruin the atmosphere of the sky? somewhere I read about the "Nuke Mars" theory, he want to drop nuclear weapon at Mars to make it livable for human being. can you tell me what level of madness can think like this way?
I believe he bought bitcoin at lowest price and then made a FUD to buy again at the lowest price. environment is nothing in here, he just thinking about his won profitability.

Exactly.He is no hero for Bitcoiners,it was falsely perceived as a one when Bitcoin started the bull run after he said he would accept Bitcoin for his Tesla cars.Soon after though he came out with another tweet saying that Bitcoin mining is bad as is consuming a lot of energy resources which made Bitcoin go again downhill at the place where the bull run started.Then after sometime he comes and say that maybe he will start accepting Bitcoin again if we use greener energy.To me is nothing but a person who wants to get richer and richer for himself and he doesn't care about Bitcoin and Bitcoiners.You should know that money itself when in extremely large quantity is an illness rather than a blessing as you want more and more and greed doesn't let you live normally.

about Tesla accepting bitcoin as payment, I have a question that I think is an important thing for us to ask:

how many people would use their bitcoin to buy a Tesla car?

in my opinion whether or not Tesla accepts bitcoin will not change anything because few people would use bitcoin to buy things on Tesla


The irony of all this is that he bought bitcoin knowing this fact. we all know that 90% of the things we use are made thanks to the destruction of the environment and thanks to the consumption of a lot of electricity, so blaming bitcoin wouldn't be fair, therefore I don't I see what he intends with this and I don't see it being possible what he wants to be accomplished in a few years, and it's a very long and very time-consuming process.

Instead of accepting bitcoin, I think that he's more of buying bitcoin than accepting it as a payment. And aside from bitcoin accepting it through Tesla.
He should do better with his shilling of Dogecoin and start accepting it through Tesla and other companies that he owns. That does makes sense if he's really a lover of doge.

Doesnt really matter because this is just a matter of preference neither he would shill out bitcoin or doge then its up to him but the thing here is that the community is really highly reactive on whatever

things that he's tending to do and its none of our business on what he would do into his company and into his money. We are free on things that we do see that would be giving advantage.

Important thing here is that you do know on when to get in when hype is on peak and when to get out when its starts to be bitter.

does it really not change anything?
I think if tesla re-announces that he will accept bitcoins back and add it with other cryptos like this, this will make the price stronger and more investors start getting into crypto. this is the most powerful adoption in history.
Elon has a strong influence when he says something about bitcoin and all that stuff. People who probably have a lot of bitcoins in their personal wallets will start buying tesla with bitcoins, that's for sure. It just takes time.

Every time I see those questions I'm wondering the same thing about the OP:
If they do accept, do you plan on buying one? But I already know the answer!

Nobody cares about buying a Tesla, they care about the announcement of such a thing driving the price up.
Buying things with coins, no way, from block 697725 we have seen only 4 full blocks till the current 697756, coins are too precious to be spent.


Eh, what I was saying?


What, you don't trust the Bitcoin Mining Council that claims to the press it goes 102% green while telling investors they've just modernized the coal plant in Montana to get 2 cents per kWh? Montana, New York, now two more coal powerplants in Pennsylvania, and because they are burning waste coal they are claiming they are carbon-free...
The propaganda on both sides is ridiculous!

Doesn't matter if Tesla is going to accept BTC soon.

Elon Musk has some narrative about the supposedly green energy argument of his. He is going to sell solar panel anyway, so that is his narrative for not accepting bitcoin as mode of payment. And miners are not going to adjust to just one person and his argument are flawed in the beginning as well.

He might rather accept his favorite meme coin, Dogecoin rather than bitcoin, but we will be good enough, don't you worry.

The price right now is going up again by 22.3% in the last 30 days which is a good thing we have even though they're not helping at all. It's best for them not to get involved in crypto when they only put their money to sell everything when the price is rising. Just like what they did last time and they might be about to do the same thing again.

Tesla may or may not accept Bitcoin soon, but it definitely will one day. But who cares about Tesla not accepting Bitcoin? Do you think Bitcoin's growth would be stalled simply because Tesla is not accepting it as an alternative form of payment? Of course, not. On the other hand, do you think Tesla would remain stubborn in not accepting Bitcoin if there is a significant demand for it or if Bitcoin becomes widely used as alternative payment?

Individuals absolutely accept that Bitcoin will have a certain impact on virtual currency, but it is not the most important factor. Just last month, Tesla’s CEO Musk’s policy made people very unclear about his thoughts.
In fact, for Musk’s economy, he may just be adjusting the current market economy. Such an approach may eliminate the negative impact of some people on Bitcoin. If Bitcoin falls, Tesla will have a corresponding loss. I think whether we accept it or not, we should be ourselves and not over-consuming ourselves.

Many people are not trusted for Mask.
I have been concerned with Masque before, and his words have an impact on his supporters. I am in accordance with his pusher.
More and more people don't believe in Mask, but still pay more attention to the market.
No matter where he does not accept bitcoin, there has no effect on comparison. Bitcoin does not rely on someone to develop.

A business man with the interest of making money in mind will always finds a way to make things beneficial to them, Elon is no difference, his popularity has increase even more since the announcement of Tesla accepting btc, much attention than before, the crypto community is big and he his tapping from it, already he has big support now include the support from crypto lovers, Elon is enjoying the best of both worlds, Tesla and Crypto, he already said if 50% btc are greener his company will consider, I believe he is still looking towards that direction.

I do not care if Tesla is going to accept BTC again or still reject it because it does not matter right now. Many companies will accept BTC and that is worth than Tesla. Elon only search for his popularity and how he can increase the popularity without care about crypto or BTC. If he want to accept BTC, he can do right away and the market will not depend on what he said. I would not buy Tesla or other his product using BTC because it is better to save BTC while waiting for the price increase.

The 50% threshold was just an excuse to drop Bitcoin from the available payment modes. Tesla and Elon don't want to accept BTC and they dropped it. And before that they managed to fool the Bitcoiners. When the announcement about Tesla accepting BTC was made, a lot of the users went ballistic and within a few days Tesla received several orders. And after two weeks, they went back on their promise. Since the orders can't be cancelled, those users who ordered their vehicles from Tesla were left high and dry. I hope everyone takes this as a valuable lesson for the future.

The green energy percentage is sort of nebulous. There is no definitive way to determine how much mining energy is considered green energy. It is really just up to Elon Musk to decide if he wants them to accept it again. Once all the different studies are in agreement that the majority is green energy I think they will probably begin re-accepting it, otherwise it would be a bad look.

I never believed what he said, it was all lies. He is trying to manipulate the market without good intentions with bitcoin. He despised everyone who put their trust in him. And now, all the news about tesla and Elon no longer affects the market. Everyone recognized his true nature. The future of crypto and bitcoin doesn't need tesla and elon. Everything is fine without them.

That was another lie made by Elon Musk. It was the time to think that Elon Musk is here in crypto just to show who really he is. Several times that he said that, too many times making tweets for accepting Bitcoin but too unfortunate it all just a lie and I think, there is nothing left a trust for him. Maybe he is good outside crypto but certainly not in here.

"Mining become greener" that probably he is not in mining, as he never knows the situation. Maybe it was best to talk straight that he waits for the price of Bitcoin to reach $100k and sell his Bitcoin, that might be real.

The impact is still quite serious, and Bitcoin, as the most popular currency among cryptocurrencies, coupled with Tesla brand car products, is of high quality. Accepting Bitcoin will also increase the utilization rate of Bitcoin. It will further promote the development of virtual currency, promote currency growth, reduce energy consumption, increase the market value of virtual currency, make virtual currency a circulating currency, and make it more acceptable in the market.

It is about standing what he's talking about Dogecoin. He's been a fanatic and leader for his own Twitter community and keeps on saying good things about it. I'm not a hater of Dogecoin but that makes more sense as he gave some words about bitcoin that have some valid points. Yeah, he won't care what we say and that's why it's all about what I think that what's more probable. Whether Tesla accepts bitcoin or not again, what I'm pointing is his passion for Doge which isn't a secret.

After the logic Elon Musk gave for the removal of Bitcoins from Tesla, there is technically no reason to revert it back and accept BTC. If he actually announces something like that, he is just manipulating the market.

I wish we could discuss why we need Tesla to accept Bitcoins or Does it actually matter at all if Tesla accepts BTC?

I might be missing something here but how does Tesla or any company accepting Bitcoins change things? You can convert your BTC into fiat and then buy Tesla or any car you want.

Yes if a company like Amazon accepts BTC, it would help a lot. This is because a car is not something you regularly buy but at Amazon you make regular purchases.

Didn't they already dropped the suspension for accepting bitcoin as a means to purchase their cars? I think there were articles already that said that mining isn't bad for the environment so I don't get why they still haven't done the right thing and accept bitcoin. This is just my theory but I think that this has some relation with Tesla in China, Elon is the slave of the government there so they might've asked him to abandon bitcoin or something.

Honesty, I don't see any reason to get trapped into Tesla and their accept/reject bitcoin payment system. They should be accepting bitcoin payments if there will be demand from customers to pay with bitcoin otherwise they will lose their popularity and that's why I guess they will accept bitcoin payments again. But still, Elon is currently trying to pump doge and if they accept bitcoin there will be less attention to doge, so I guess currently and with the current situation they will not accept but soon they will due to the demand from customers.

Elon is not a hero for bitcoin but he is a troublemaker in the bitcoin market,
but it doesn't matter if Tesla takes bitcoin as payment again, but don't be too trusting and bother with the opinions that Elon talks about bitcoin
and I'm sure bitcoin will continue to run and reach new ATH above 60k $ without tesla and elon

Who told you that Tesla is selling bitcoins gradually? They are still holding the bitcoins they have bought. As far as I know, they only sold like around 10% of the coins to test the liquidity and that was like few months ago. So stop spreading rumors? Even if they end up selling their coins, it will affect the market, but that is going to be just a short term effect. The market will gradually recover. The amazon "shit" you are talking about was already addressed by the amazon team. They said they won't be accepting crypto currencies anytime soon.

I really don't care if they do. The first time already was not real to me. Accepting for Bitcoin to be used for payment of Tesla cars and then waking up to discontinue the use of Bitcoin as payment. At some point, it felt like Tesla did'nt even want to accept Bitcoin. However, that has made me skeptic about what is said. If they choose to accept it a second time, I hope that they be serious about this time.

Well, he did have some power over Bitcoin as well, as when Tesla invested in Bitcoin, it triggered positive movement and helped Bitcoin to reach new heights, and, combined with China's mining restrictions, the announcement about Tesla stopping to accept Bitcoin was impactful. As for dogecoin, I don't think it'll be accepted as payment by Tesla, as the momentum for that decision is lost. I remember him making a poll on Twitter on whether Tesla should start accepting Doge, and the vast majority voted 'yes', but he decided against it anyway.
As for Bitcoin, it's indeed hard to make proper assessments as many mining farms operate illegally or at least undercover (pretending to be doing something else), and it isn't always easy to find out where your electricity is coming from (at least, in my country), so a reasonably accurate estimation is indeed hard to put together, as others have pointed out.

Im not sure that the main investors was happy about this decision in the past. I dont think that Tesla will accept crypto anytime soon

Well, of course, only a few will really take the opportunity to buy such a car by paying with BTC, and most would like to see EM announce again that his company is once again allowing payments with green BTC. But it's hard to believe that he can believe the story of how BTC mined in the US is much greener than those that were mined in China, because as you yourself wrote, the facts point to a completely different situation.

It makes no sense for an intelligent man to perceive the facts so wrongly, and to believe that crypto mining has such devastating effects on the environment. He sold us that story, but I don't believe it's true - besides, his companies still own BTC, so it's a bit hypocritical to say "I don't want transactions with BTC, but I don't mind having it in a crypto wallet."

That was a nice move in the sheme for Doge Hype. Musk played the role of Doge adopter in an excellent way moving the market in mess toward a useless cryptocurrency like Doge. I turned the question towards Doge (over bitcoin) as a way of mockery towards those who still believe in the effeciency of Tesla and other Elon's companies.
Yes Tesla mayb going to accept BTC as a way of paiement earlier or later, but for now, this move will only happen if Elon use it as a strategy to get more community trust in addition to money profit. Note that Elon Musk owe investors millions of dollars (God knows how much exactly) and didn't yet start generating profits from all his announced projects .

Soon, no, even Elon Musk has realized the ways to solve the problem of Bitcoin mining, but it will take more times to realize.
Moreover, what we are expecting from it? Its good news that suddenly turned into bad news or FUD?
They can make the decision differently shortly and this will really give influence certainly to the crypto world, because he is Elon Musk, with its big power.

The real question is "does it even matter?".
I'd say not at all, not for bitcoin and bitcoiners and not for Tesla itself. Accepting bitcoin payments was only an advertisement for their company and their stock value and it did its job when they first started the advertisement. But as Elon Musk started FUDing bitcoin his credibility declined and people will ignore him. Additionally even if Tesla starts accepting bitcoin it won't change their sales so it won't have any benefits either.

if you ask if tesla will accept bitcoin again,, for now i am no longer interested in following the tesla company, the reason is because elon musk has no stand, his tweets often change, sometimes he posts negative things about bitcoin, and sometimes he also posts positive things about bitcoin, for that reason I personally am not very interested in following them anymore..

I probably hate Elon and Tesla more than you do, but still I understand that there is some benefit in Tesla accepting Bitcoin. I have no plans to purchase a Tesla vehicle anytime in the next 10 years, but let other Bitcoin users have the freedom to do that spending some of their coins. Tesla still have a lot of BTC in their cash reserves and it makes perfect sense for them to accept BTC again. Bitcoin has already provided them with $1 billion in profits. If they resume accepting Bitcoin, then hopefully Elon would keep his mouth shut this time and will not create chaos in the market.

I don't really care what Tesla and crazy liar Elon Musk will do next but I know they are still holding a lot of Bitcoin and they can try to manipulate price few more times for making profit.
It's more likely he will try to create his own version of ''better Bitcoin'' like many before him tried and failed, so maybe we see him accepting payment for Tesla in his own coins.
I would prefer if they never accepted Bitcoin in the first place than creating circus show after that with his statements and removing support.

No, you can't precisely measure how exactly green Bitcoin mining is and all this eco talk is just commercial for Elon kissing asses for carbon credits and globalist agenda.
All you can find is approximate amount of miners that are using power coming from hydro plants and that is not an easy task, especially measuring percentages.

If they still lying to us, people will keep ignoring them but if they are true with their plan, might people get overwhelmed and support the company. But since there is no final statement that Tesla will accept Bitcoin we can't live the doubt that the community isn't convinced by the rumors that they have heard around.

It was probably hard to put back our trust in Elon and Tesla as it had once been rejected. I can't blame the community as well to think negatively but why not give it another chance? Maybe they are serious this time and committed to the benefits of everyone, not to prusue their personal interest.

With the terrible things Elon Musk has done, I have a hard time believing that Tesla will accept Bitcoin again. I'm like you don't care what Elon Musk
and Tesla are going to do, so long as there's no concrete evidence that Tesla accepts Bitcoin. I just think this is another lie from Elon Musk, without
Elon Musk and Tesla I believe Bitcoin will continue to grow rapidly.

You could measure how many households are mining Bitcoin by comparing it to the average household but the only problem is the governments are the only ones with that information and they are only going to release information which makes Bitcoin look bad. If you think about it going green and keeping energy costs down are within the best interests of miners. It is not like the miners are choosing to pollute the earth its that green energy is expensive to invest in and you do not benefit from it until later in life. A solar panel costs more than $20k to take over a average household but it takes 20+ years to benefit from it. It is not worth it yet and that is what needs to be addressed and not targeting consumers who use electricity to power their miners.

What's wrong with accepting bitcoin and promoting green energy at the same time, I think Tesla is just making an excuse, they are using their influence to hype bitcoin for their personal interest and not really to associate Tesla with crypto or bitcoin.  Their founder is very deceiving, so can we still trust his words?

I mean, he promoted Doge which generates a lot of hype, so what happens to the investors now? Their money are stucked and it's just a matter of time before they will dump because they are tired of waiting.

They said before they did, and then after a few weeks they decided to reverse the said decision. This deception needs to be stopped and that we cryptocurrency holders should show that we are not being intimidated by their company. I don't think that Tesla is committed to Bitcoin and cryptocurrency so I think it is time to stop talking about them because this is what they want. Free publicity, stop talking about Tesla and move on with life as they don't deserve the popularity.

I believe it's not just tesla, if the adoption comes from the leading economic powerhouses, the adoption effect will be massive. The point is when the time is right, and we are still seeing a bright future for the cryptocurrency sector. I think Elon is always different and opportunistic before others, and let's wait and see his actions on this market, the case of Doge coin just take it as a joke and replace it. It would be something huge.

I believe that Elon Musk interested in bitcoin. He is a big businessman who very popular in the world, I believe that he will not choose bitcoin for his investment without serious consideration. If Elon Musk embrace bitcoin it will proof that he is a person who not easily give up with trouble. In my opinion futuristic company like Tesla is appropriate for bitcoin and vice versa. So yes, I think Tesla is going to accept bitcoin again. It will be better for us to take a good position in trading before bullish market happen.

i tried to look if theres a dedicated site to check the mining status of btc but sadly i havent found any ,
only news articles but dont worry because these news articles will also update us by the time btc mining is fully green . theres no harm if we believe in the promise of elon musk, whether he accepts btc again or not , its still a win win situation for btc  .

The trend of crypto adoption is growing and increasing. Many businesses are adding cryptocurrencies to their portfolio of business assets in recent times.
Bitcoin miners are gradually using renewable energy sources for Bitcoin mining. Bitcoin production will become cleaner and meet environmental standards as TESLA has argued.
I think TESLA will soon accept Bitcoin again so as not to fall behind the competitors. TESLA is not only a technology company but they are also a financial empire.