Musk say's he'll re-invest in BTC when +50% of ASIC miners are GREEN

[stompix]

Sometimes me poop is green, if I run an antminer s-12 ( low power, older model ),

There was no such model, just saying!

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.

Black, brown harmful or not, it's cheaper! Miners will only switch to green energy when that energy is cheaper, other way they will simply not do it!
Germany tried to get rid of coal, now thanks to the new green energy they are paying the highest price per kWh in the world, miners will not be able to do this without government subsidies, and who is going to pay for that?

You either go nuclear or you spend an insane amount on things bad weather can render useless.
This whole eco-green madness needs to stop at one point, you end up only in a shitty situation. Here in the EU governments have tried for decades to get rid of the personal car because everyone should use public transportation, save the planet, all that, then the pandemic hit and public transportation grid to a halt with one bus per hour and suspended routes. You didn't own a car? You were f!!!

[yhiaali3]

It is possible to go green but this costs a lot of money and therefore miners will be losers, for miners to switch to clean energy the price of bitcoin should go up to $100-200 thousand and therefore miners will be winners in the event of switching to clean energy.
If this happens, everyone will come out with winners, we will get clean energy for Bitcoin, the fossil fuel problem will be eliminated, and the miners will come out with profits as a result of the high price of Bitcoin.
But the question is, is this really possible??

[Beparanf]

It is possible to go green but this costs a lot of money and therefore miners will be losers, for miners to switch to clean energy the price of bitcoin should go up to $100-200 thousand and therefore miners will be winners in the event of switching to clean energy.
If this happens, everyone will come out with winners, we will get clean energy for Bitcoin, the fossil fuel problem will be eliminated, and the miners will come out with profits as a result of the high price of Bitcoin.
But the question is, is this really possible??

The cost is too much for using green energy for 50% of total ASIC miner. I think a whole city is not enough to cover by the solar panels which is the most common source of energy besides wind turbine and hydro. This statement of Musk is just a bluff to manipulate again the market.

@OP, Can you please include the source of your news. I'm having a hard time browsing his twitter just dig this statement.

[Bitstar_coin]

Is this suppose to be something positive to the btc community! is this the reason why btc price has risen so much within 24hrs, i really don't trust this Elon with this sudden change of thought, or rather an impossible request, how does he expect 50% of miners to be green just like that, does he know how it will cost to run green energy to mine, it is better he stays away and not invest instead of coming to make rules and regulations for miners, nobody force him to invest if he thinks btc not healthy enough.

[Gamerholic]

In fact, he invites those who are trying to create "green coins" to turn to him so that instead of "toxic" bitcoin, they offer their conditions and, of course, the machines would be sold using these green digital coins. It has been said a hundred times already, but in my opinion it's still very funny when a person whose production is not environmentally friendly, especially in battery components.

[Wind_FURY]

Elon.

Who cares what he wants? He came to Bitcoin as an investor, now he wants to tell everyone in the community what Bitcoin should be? Haha. Bitcoin was chugging along before him, it will continue to chug along after him. Bitcoin doesn’t need him, but he needs Bitcoin.

[btc-room101]

Elon.

Who cares what he wants? He came to Bitcoin as an investor, now he wants to tell everyone in the community what Bitcoin should be? Haha. Bitcoin was chugging along before him, it will continue to chug along after him. Bitcoin doesn’t need him, but he needs Bitcoin.

Just like Craig Wright, tomorrow MUSK will tell us that he's Satoshi.

It's the power of bullshit, it made MUSK a billionaire.

[kidbounty]

do miners care about this? I don't think anyone cares. without investment from him the bitcoin market is already quite strong. and there are many other institutions that are gearing up for bitcoin adoption. So without Elon and Tesla, the market will keep going up. if you look at some of his tweets, he seems like a person who is not opinionated. His words change all the time, so don't care anymore what he says.

[mlmdaily]

Oh, can we just IGNORE that troll? He cant build profitable business and talking about btc only for PR

[stompix]

The cost is too much for using green energy for 50% of total ASIC miner. I think a whole city is not enough to cover by the solar panels which is the most common source of energy besides wind turbine and hydro.

Just for fun, one square kilometer will be able to deliver 170MW, but unfortunately, you have to calculate that only for the sunny hours, pushing it slightly above the average so you get around 100Gwh a year, so we would need around 1300 km2 of panels to power the bitcoin network at current numbers, it might sound much but that's actually only 10% of the surface of New York's entire metropolitan area.

The surface won't be the problem, the problem is storing enough energy to feed the miners when there is no light, and we're talking about something that needs to deliver that much power at night, batteries won't be able to do it.

It is possible to go green but this costs a lot of money and therefore miners will be losers, for miners to switch to clean energy the price of bitcoin should go up to $100-200 thousand and therefore miners will be winners in the event of switching to clean energy.

The price of the coin doesn't matter.
If a global world rule is that they should only use green energy and that is priced at 20cents/kwh a lot of the miners will simply drop out of the race but a few will continue, those that have managed to get cheaper and more efficient gear and lower maintenance and labor costs.
This is not like digging for oil.

[bitcub]

Don't ever play with Elon Musk, he is trying to say he will invest in ASIC miners when it is 50% green which is impossible. He just wanted to discourage people from buying thus trying to make the Bitcoin price to dump again using his influence power.

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.

[Renampun]

...

Just like Craig Wright, tomorrow MUSK will tell us that he's Satoshi.

It's the power of bullshit, it made MUSK a billionaire.

only fools believe Elon is satoshi...

Craig openly claims he is a satoshi but Elon never claims to be like Craig. Satoshi is a mystery, not to be confused with these two 'drama players'

[Kittygalore]

I think this rings true, isn't that also the reason why he suspended the payment option in Tesla? But we shouldn't believe a word he says, remember that he can move the market and you can use that to your advantage.

[CryptoStar19]

If Tesla is worried about the environment, aren't there bigger issues more directly related to their business that they should be talking about other than the power consumption of bitcoin... like the environmental harm of lithium ion batteries... and the fact that once used, they will sit somewhere in a landfill indefinitely after coming out of Teslas they were made for?

Or what about the concern with where the electrical power to drive the Tesla is coming from... is the power the world uses to charge those cars all that green these days?

[speedy963]

The troll trolling again just like any normal routine in his Twitter life. Everyone should ignore all the crap coming from this guy. He clearly just wants attention and wants to have as much influence as he can then take advantage of it. Which is why he is saying such things just for the sake of it. And to be honest, I really have no idea why no one ever called him out on his type of business that does way more damage to the environment compared to butcoin mining. Seriously, anyone who still takes his words seriously are just as db as he is if not worse.

[ILuckyGuyI]

I can't really catch up with Elon Musk anymore. He started changing his mind very often. He is just continuing to toy with the market. It has been not much time since he said that he stopped the payments with BTC because of fossil fuel usage in Bitcoin mining.

[Rruchi man]

Whatever Elon says is for whoever still cares to listen or give him audience. Elon does things that are good for him and his investments and it is high time we start making our own choices and doing things that will be good for us in terms of our investments.

The cryptocurrency market is too big for us to hinge it unto the comments of one Man, by now we all should have learned from the past few weeks.

[Ararbermas]

Of course he will follow the trend and will never start making decision once it's still not fine,  he's a brilliant manipulator so expect after the green it will rocketed and don't expect as well it will long last after that because you know what will happen next. Actually he's a very tricky man so keep your eyes open when he get in and start making post or tweets, wherein just to prevent losses if you're interested as well to follow him what's he's trying to do in the space. . Be aware!

[Kong Hey Pakboy]

I think he is talking about the big mining that should convert to green energy and also, it's a bit stupid on his side though, it came out as a manipulation to be honest which isn't what you should do when you are trying to manipulate the market, better hold on to your bitcoins because I am sure that the price will pump again.

[FairUser]

Elon will go back to buying BTC and then we will see how erratic Elon's changes are.
After witnessing Elon all this time with the crypto market, I understand why so many people call him crazy