{"id":235144,"date":"2021-04-25T17:17:00","date_gmt":"2021-04-25T14:17:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/the-convergence-between-tesla-spacex-renewable-energy-and-bitcoin-mining\/"},"modified":"2021-04-25T17:17:00","modified_gmt":"2021-04-25T14:17:00","slug":"the-convergence-between-tesla-spacex-renewable-energy-and-bitcoin-mining","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/the-convergence-between-tesla-spacex-renewable-energy-and-bitcoin-mining\/","title":{"rendered":"# The convergence between Tesla, SpaceX, renewable energy and Bitcoin mining"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a2efb0dd84d8\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a2efb0dd84d8\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/the-convergence-between-tesla-spacex-renewable-energy-and-bitcoin-mining\/#Using_decentralized_micro-energy_sources_for_Bitcoin_mining\" >Using decentralized micro-energy sources for Bitcoin mining<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/the-convergence-between-tesla-spacex-renewable-energy-and-bitcoin-mining\/#How_SpaceX_fits_in\" >How SpaceX fits in<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/the-convergence-between-tesla-spacex-renewable-energy-and-bitcoin-mining\/#Decentralized_server_architecture_to_establish_the_internet_of_value\" >Decentralized server architecture to establish the internet of value<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># The convergence between Tesla, SpaceX, renewable energy and Bitcoin mining <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDQvZGU3NTEyZGUtMTQyOC00ZGY0LWJmYmItMWZmYjc1ZTQ5YjRiLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5a136f3a>Tesla \u2014 a top 10 company in the Fortune 100 that is run by one of the world\u2019s wealthiest people, Elon Musk \u2014 transferred $1.5 billion of its treasury cash into Bitcoin (BTC) in early February. Musk\u2019s Bitcoin purchase startled traditional investors, who now had to understand how their investment in Tesla would relate to Bitcoin.<\/p>\n<p>Currently, much of Tesla\u2019s revenue comes from <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2020\/07\/23\/teslas-sale-of-environmental-credits-help-drive-to-profitability.html\">selling<\/a> surplus renewable energy credits, or RECs, which will dry up in the next several years as competing automakers produce their own zero-emissions vehicles and build up RECs with states that require them.<\/p>\n<p>In Tesla\u2019s filing with the United States Securities and Exchange Commission, the company <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1318605\/000156459021004599\/tsla-10k_20201231.htm\">stated<\/a> that it updated its investment policy to be more flexible in diversifying and maximizing returns on idle cash. As part of this plan, Tesla said it would invest in certain \u201calternative reserve assets including digital assets, gold bullion, [and] gold exchange-traded funds.\u201d The statement continues:<\/p>\n<blockquote><p>\u201cThereafter, we invested an aggregate $1.50 billion in Bitcoin under this policy and may acquire and hold digital assets from time to time or long-term. Moreover, we expect to begin accepting Bitcoin as a form of payment for our products in the near future, subject to <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>licable laws and initially on a limited basis, which we may or may not liquidate upon receipt.\u201d<\/p><\/blockquote>\n<p>The Bitcoin market has seen Tesla\u2019s recognition and advancement into the crypto industry as institutional validation for Bitcoin\u2019s use as a store of value.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Tesla, Bitcoin and the crypto space: The show Musk go on? Experts answer<\/em><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Using_decentralized_micro-energy_sources_for_Bitcoin_mining\"><\/span>Using decentralized micro-energy sources for Bitcoin mining<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Tesla&#8217;s other businesses produce and sell solar panels, solar roofs and batteries. The batteries are used in its cars and provide power storage for residential solar systems. <\/p>\n<p>Residential solar systems can feed surplus energy into the grid. The local power company will prorate a customer\u2019s electric bill based on the amount of power drawn from the system. <\/p>\n<p>Tesla Powerwalls can store that surplus energy and power various things in your home, including air conditioners, and charge your Tesla electric vehicle.<\/p>\n<p>The excess energy from Tesla\u2019s micro-energy sources can be rerouted to run crypto mining operations. Without crypto mining, the surplus energy is either wasted or stored and sold for pennies on the dollar. Now, Tesla and other energy companies can turn excess power into a digital asset, like Bitcoin, that is instantly bankable.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>From mom\u2019s house to warehouse: Bitcoin mining is going industrial<\/em><\/strong><strong><em> <\/em><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_SpaceX_fits_in\"><\/span>How SpaceX fits in<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Many speculate that Tesla\u2019s investment in and acceptance of Bitcoin as payment is a significant signal of the company\u2019s direction. As we know, Musk is also the CEO of SpaceX, the company intending to set up a colony on Mars in the coming decade. However, U.S. dollars fundamentally won\u2019t <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.inverse.com\/article\/29905-mars-coin-currency\">work<\/a> on Mars. The extended communication time between Earth servers and Mars servers poses a lot of problems. There will still need to be a verifiable, trusted way to transfer value between the planets\u2019 economies. <\/p>\n<p>Bitcoin offers a better solution for securely transferring value between planets on a trusted network where the 10-minute block times end up being advantageous instead of a hassle. SpaceX\u2019s colony can trade locally using a convenient local medium of exchange and securely transfer that value back home to Earth without any middlemen or concerns about inflationary monetary policies on Earth. Bitcoin offers people a more seamless way to integrate economies between planets. Therefore, colonies on Mars will likely be running Bitcoin nodes making use of SpaceX\u2019s Starlink satellite constellation. <\/p>\n<h2><span class=\"ez-toc-section\" id=\"Decentralized_server_architecture_to_establish_the_internet_of_value\"><\/span>Decentralized server architecture to establish the internet of value<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The transition from the analog world to a digitally native society requires programmable money. The current fiat banking system is archaic, inefficient and unable to meet a technologically advanced society\u2019s needs.<\/p>\n<p>Bitcoin mining is the backbone of this evolution. Bitcoin is the most recognized digital currency in the newly forming decentralized economy. Bitcoin has reached critical network effects and is the logical choice for a digitally native global reserve currency. The internet of value \u2014 where value is transmitted as efficiently, cheaply and reliably as data is now \u2014 is free from any individual government or entity\u2019s control. Bitcoin serves this purpose because of the decentralized architecture built into the Bitcoin protocol.<\/p>\n<p>Critics attack Bitcoin for having too much of its processing power housed in mainland China. Meanwhile, the decentralization of Bitcoin\u2019s computing power will continue to improve as more energy producers recognize the benefits of converting excess energy into digital assets through Bitcoin mining.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Is Bitcoin a waste of energy? Pros and cons of Bitcoin mining<\/em><\/strong><\/p>\n<p>Bitcoin mining is necessary to establish layer-one security for the decentralized economy, a function that central banks now provide for the fiat-centric global economy. The decentralized economy is becoming more efficient and multilayered. Bitcoin\u2019s strength is that it has the world\u2019s most powerful computing network with which to secure the decentralized economy\u2019s base layer, upon which all other value transmission solutions are being built. We are witnessing the development of a new, decentralized financial ecosystem. One day, you may be able to send $20 to your buddies on Mars without thinking twice about what it took to get it there.<\/p>\n<p class=\"post-content__disclaimer\"><em>This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.<\/em><\/p>\n<p class=\"post-content__disclaimer\"><em>The views, thoughts and opinions expressed here are the author\u2019s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.<\/em><\/p>\n<div>\n<div style=\"background: rgb(239, 239, 239); border: 1px solid rgb(204, 204, 204); padding: 10px;\"><strong>William Szamosszegi<\/strong> is the CEO and founder of Sazmining Inc, a cryptocurrency mining developer and consulting firm, and host of <em>Everything Crypto Mining: The Sazmining Podcast<\/em>. He is bullish on Bitcoin&#8217;s future as the dominant, global digital reserve asset and believes Bitcoin is the solution for layer-one, sound money. William grew up in Maryland and studied psychology and management at Bucknell University. William spends his spare time working out, seeing friends and reading.<\/div>\n<\/div>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/the-convergence-between-tesla-spacex-renewable-energy-and-bitcoin-mining\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# The convergence between Tesla, SpaceX, renewable energy and Bitcoin mining &#8221; Tesla \u2014 a top 10 company in the Fortune 100 that is run by one of the world\u2019s wealthiest people, Elon Musk \u2014 transferred $1.5 billion of its treasury cash into Bitcoin (BTC) in early February. Musk\u2019s Bitcoin purchase startled traditional investors, who&#8230;<\/p>\n","protected":false},"author":1,"featured_media":235145,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDQvZGU3NTEyZGUtMTQyOC00ZGY0LWJmYmItMWZmYjc1ZTQ5YjRiLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74989,74894,74863,75042,39394,70752,5019,4965,36402],"class_list":["post-235144","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-mining","tag-blockchain","tag-cryptocurrencies","tag-mining","tag-elon-musk","tag-energy","tag-space","tag-technology","tag-tesla"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/235144","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=235144"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/235144\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/235145"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=235144"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=235144"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=235144"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}