Bitcoin $95,058.7 The use of sustainable energy in mining attracts attention with the progress made. According to Woocharts data, the rate of clean energy used in mining reached 56.76%. This rate brought the environmental sustainability requirement, which Tesla CEO Elon Musk expressed for Bitcoin payments in 2021, back to the agenda.
50% Threshold in Sustainability Exceeded
Woocharts emphasizes that the rate of clean energy used in Bitcoin mining has shown a continuous increase since April 2021. This rate is based on renewable energy sources such as wind, solar, hydroelectric and nuclear. This metric, evaluated with the definitions of the Cambridge Center for Alternative Finance, reduces environmental impacts in Bitcoin mining.
It is known that Elon Musk promised that Tesla will continue to accept Bitcoin payments if the clean energy usage rate exceeds 50%. However, it remains unclear how this new data will shape Tesla’s decisions.
Investment Diversification Move from Mining Companies
Pioneers of the transition to clean energy include companies such as Riot Platforms and MARA Holdings. Riot Platforms increased its Bitcoin reserve to 17,429 BTC with its latest purchases. Such moves both provide investment diversification and support companies’ plans to generate long-term returns from their digital assets.
Despite the global energy crisis, the mining sector continues to develop with environmentally friendly policies. However, companies’ investments in Bitcoin are driving growth and confidence in the industry.
Tesla’s Decision Will Be Decisive
The fact that clean energy use in Bitcoin mining has reached 56.76% is considered both an environmental and economic success. It is a matter of curiosity whether Tesla will accept Bitcoin payments again, taking these developments into consideration. Industry experts predict that this step will be an important turning point in the cryptocurrency ecosystem.
Advances in sustainability continue to create new opportunities for Bitcoin mining while contributing to reduced environmental impacts.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
