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Author Topic: Musk say's he'll re-invest in BTC when +50% of ASIC miners are GREEN  (Read 363 times)
btc-room101 (OP)
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June 14, 2021, 10:48:20 AM
 #1

Seriously, WTF does this really mean?

An S-19 is 2500 Watts, a standard 1M sq solar panel is 300W, so say you need to ten run the miner, but that only' from 8am-4pm, what's you going to do the other 16 hours,

Of course U could locate your green miners near a river and hydro, .. but that's why they went to the coal areas, as the rivers have dried up

So that leaves Iceland and 'geo-thermal' ASIC mining, ...

Now, who is going to tell me when MUSK's request is met, that +50% of all ASIC miners on earth have gone 'green'

R we going to re-define 'green' sort of like how "CHIA" HDD mining is 'green' where it kills SSD's & HDD's that must be dumped in toxic land-fills, so green indeed.

Just posting this OP, because most news sources just run "Musk is back to Bitcoin", they don't tell you his caveat, that it must go green.
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The Bitcoin software, network, and concept is called "Bitcoin" with a capitalized "B". Bitcoin currency units are called "bitcoins" with a lowercase "b" -- this is often abbreviated BTC.
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June 14, 2021, 10:52:39 AM
 #2

Does plugging into a volcano count?
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June 14, 2021, 11:03:38 AM
 #3

Does plugging into a volcano count?

Hell for that matter, Musk could launch 'satellites' that could generate solar 24/7, and transmit the bitcoins home to earth; would that be green? Surely I think we can ignore that 500 tons of explosive gases used to launch a rocket.

Somebody here surely can propose a power generation device for this hypothetical volcano,  I suspect you could lower a bunch of beer can's into heat-source,  use the steam pressure to run turbines to power the S-19 ant-miners ( bitmain ) 88TH-Sec; Waste of water, but right marketing it could be 'green'

U just know that Musk is going to announce a green power source, very soon for this new problem that he's created and defined, a "Green Bitcoin Miner"
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June 14, 2021, 11:18:02 AM
 #4

I get the feeling Musk is pitching this whole "Green" energy challenge to create a demand for his "Power Wall" or the batteries that are being manufactured in his factories, because Solar and Wind generators goes hand in hand with electric batteries. (small scale)

Musk never say or do something without some hidden agenda, so I too will not be surprised if he plans to develop some "Green" solution for this fabricated problem. (He might already have hired some Crypto developers to develop a MuskCoin and to link that to his "Power Wall" or something under development.)  Roll Eyes

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June 14, 2021, 11:36:01 AM
 #5

I plan building something with enerkite. Green energy the whole day long  Tongue

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June 14, 2021, 11:49:34 AM
 #6

I get the feeling Musk is pitching this whole "Green" energy challenge to create a demand for his "Power Wall" or the batteries that are being manufactured in his factories, because Solar and Wind generators goes hand in hand with electric batteries. (small scale)

Musk never say or do something without some hidden agenda, so I too will not be surprised if he plans to develop some "Green" solution for this fabricated problem. (He might already have hired some Crypto developers to develop a MuskCoin and to link that to his "Power Wall" or something under development.)  Roll Eyes

Sometimes me poop is green, if I run an antminer s-12 ( low power, older model ), would I meet the "Musk Seal of Approval" for "Green", inquiring minds got to know.

If I mine on st-paddy's day? Dress in green? Will that work?

Mine in Ireland?

Brown ( drought, lack of water, dead plants )  is the new Green in California&Texas (new home of Musk), will he play the brown card, and put down the green card?

While I know his electric EV's are hardly green given Lithium mining is terrible pollution, and all the electricity is most coal burning out of sight&mind. Then of course his rockets, where each launch is what? Something like 10k auto's in a year, burns the same fuel as a rocket-engine escaping the earth's gravity.

Musk is about as Green as my feces on a normal day. But hell the 'green talk' has gotten him ten's of billions of free tax money. Bullshit works in the USA, works well.
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June 14, 2021, 11:52:12 AM
 #7

Bitcoin spikes a little and Elon Musk posts somewhat in favour of it, most likely for clout and to give the impression that his opinion has an effect on the Bitcoin value. He's trying to stay relevant in the Bitcoin space and build on that publicity.

No one cares (or should care) if Elon musk accepts bitcoins for Teslas or not, or if he believes mining is damaging to the environment, news agencies would use it to sell articles and publications, but it should become old news after a while.

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June 14, 2021, 12:26:28 PM
 #8

Bitcoin spikes a little and Elon Musk posts somewhat in favour of it, most likely for clout and to give the impression that his opinion has an effect on the Bitcoin value. He's trying to stay relevant in the Bitcoin space and build on that publicity.

No one cares (or should care) if Elon musk accepts bitcoins for Teslas or not, or if he believes mining is damaging to the environment, news agencies would use it to sell articles and publications, but it should become old news after a while.

Bitcoin didn't need Elon to get to where it is today and surely won't need him to move forward from here.
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June 14, 2021, 12:54:35 PM
 #9

elon musk need money so he bought some bitcoin at the dip yesterday and right know he have plant to sell it so yeah  Cool

before elon musk i alredy know about green mining powered by water or wind and solar coal powered is not 100% of mining to be honest tesla itself powered by electric and not 100% clean  Lips sealed

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June 14, 2021, 01:11:07 PM
 #10

This is a good indicator for people to buy bitcoin right now because we know how big Elon can put in the market and you don't want to buy when it's too late, this announcement means that it can be true and you will make more money before Elon can.

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June 14, 2021, 01:19:37 PM
 #11

Well, that just mean he bought the dip and it was all a show trying to be bearish then back on it again and says he's semi-bullish again. It's all for show and this rich dudes and media will always do what they can to manipulate the market.

This is a good indicator for people to buy bitcoin right now because we know how big Elon can put in the market and you don't want to buy when it's too late, this announcement means that it can be true and you will make more money before Elon can.
Bitcoin will stay it's best to buy in this time for longer term holding not just because a dog barks again on his green opinion. I'm skeptical with this man (Elon) to be honest, he's not to be trusted.
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June 14, 2021, 01:21:43 PM
 #12

This guy is playing people as he wants. I'm ashamed so many people in the world are behaving like sheep, I was expecting more from the human race. There are so many of you smarter than Elon Musk, if only you could see it.

1 BTC = 1 BTC
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June 14, 2021, 02:31:15 PM
 #13

Some of us have different priorities then Musk.   Fighting a 20,000 year battle on mars to get it livable is not in my opinion a good use of resources and time. 

Getting humanity is to space long term is a worthy goal and I think with current theories about space time that our long term prospects is prob better spent in the Kuiper belt and Oort cloud. yah know where the resources like PLATINUM(fuel cells) is a heck of a lot more common and easy to get to. 

Does hydro and nuclear count?  cuzz most of our power here In Canada is either, we still have some gas plants and a few old coal but not many of those left.

There's a real push for solar and wind but those are still a joke for any sort of heavy use (LIKE EVERYONE HAVING ELECTRIC CARS EH? Musk?)

Fusion is still a pipe dream.  Cute report from china saying we made a Tokomak run for 100 second  WOO look at us.  Too bad it still doesn't produce any power like at all.   Anyone can get a Tokomak to run if you want to dump a crapload of power in to it.  Its pointless if it doesn't return MORE then you put in! Pure showcase "we are strong" photoOP. 

There is also that newish wobbler wind generator that doesn't take really giant amounts of space and kill all the birds and bats. (yes the windmills really do via instant stroke from low pressure behind the blade) I want to see a farm of these in action I don't have any info on if they are any good or just a scammy method of grabbing gov/taxpayers money.

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June 14, 2021, 02:33:52 PM
 #14

Ok, so i think that Elon musk is just making these statements just for his own benifet and the benefit of Tesla over all,  if you think about it seeing how people and the price of bitcoin reacted to the news of them investing in it and accepting it as a payment made them some serious profits, and after they stopped they sold some of it, and than elon started talking about the enviormental impact of mining crypto and how they should replace it and go green if they are going to return to accepting it, and if you look at what tesla is currentky doing you will see that they are working on making long lasting batteries and some solar energy production system, so i think this whole thing is just a propaganda created by Elon musk to boost the company's profit maybe not in the short term but in the long run.
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June 14, 2021, 03:57:01 PM
 #15

After what we have been through I can only say that Musk has made his tweet keeping something in mind.
He definitely has some hidden agenda behind it. May be he is building some kind of green energy source thus creating a demand for it and then later selling it as a solution.
May be he is starting all this green energy debate because he wants to use it for his business.
Only time will tell what his actual plan was but after the recent market manipulation Elon Musk is not a person to be trusted.
But unfortunately there are thousands of fools still listening to him and following him blindly.

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June 14, 2021, 04:07:20 PM
 #16

Seriously, WTF does this really mean?

By "green" he means that the ASIC miners are powered by green electricity, which in turn means that the electricity is generated from renewable energy sources, i.e. hydroelectric power, solar power, geothermal power, biogas etc.
I think Elon Musk has a point here because the miners from China - and they are currently the majority in Bitcoin mining - mainly use electricity from environmentally harmful brown or black coal.
Elon Musk also has a reputation to lose. On the one hand, he is celebrated for his environmentally conscious cars, and on the other hand, he supports a technology that uses massive amounts of electricity from environmentally harmful sources.
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June 14, 2021, 04:08:01 PM
 #17

He’s always ten steps ahead of the average guy. He probably created loads of negative news to crash the price so he could buy more. Guys like him usually do the opposite of what they say publicly.

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June 14, 2021, 04:18:28 PM
 #18

This guy is playing people as he wants. I'm ashamed so many people in the world are behaving like sheep, I was expecting more from the human race. There are so many of you smarter than Elon Musk, if only you could see it.
I don't know what Elon's brain is made of, he seems shameless
he seems to think of Bitcoin and the crypto market as a playground

I just hope the media stops making news about his latest activities but that definitely can't
we just have to wait until he announces he doesn't like dogecoin anymore

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June 14, 2021, 04:20:51 PM
 #19

For heaven's sake! Stop taking the words of this guy seriously! There are already enough people being db enough to trust their investments to the twwets of Elon Musk! We don't need more! How the hell will the future of this industry end up when people always give this guy's words credibility? He already fcked up a lot of investors with his trolling and now people still believe all the crap he talk about? Man, I really miss the days when china FUD is the only thing to be sad about :/
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June 14, 2021, 04:42:17 PM
 #20

I think the pump right now happening is by Musk supporters or we may call them sheeps of Musk Grin
Other than that, there is no relation to upward break of Bitcoin. People need to stop speculating according to Twitter.
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