Elon Musk mentioned in 2021 that Tesla (NASDAQ:) would settle for funds as soon as miners have been utilizing roughly 50% clear power sources “with optimistic future development” — a benchmark that will have not too long ago been met.
In a Sept. 14 thread on X (previously Twitter), Bloomberg analyst Jamie Coutts reported the share of Bitcoin (BTC) mining power coming from renewable sources had exceeded 50% with “falling emissions plus a dramatically rising hash price.” Based on Coutts, the push towards renewable power sources was the results of miners dispersing from China within the wake of the nation’s mining ban beginning in 2021, in addition to sure nations turning to mining to “monetize stranded and extra power.”
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