{"id":248430,"date":"2021-05-13T01:53:37","date_gmt":"2021-05-12T22:53:37","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-loses-6-in-an-hour-after-tesla-drops-payments-over-carbon-concerns\/"},"modified":"2021-05-13T01:53:37","modified_gmt":"2021-05-12T22:53:37","slug":"bitcoin-loses-6-in-an-hour-after-tesla-drops-payments-over-carbon-concerns","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-loses-6-in-an-hour-after-tesla-drops-payments-over-carbon-concerns\/","title":{"rendered":"# Bitcoin loses 6% in an hour after Tesla drops payments over carbon concerns"},"content":{"rendered":"<p>&#8220;<strong># Bitcoin loses 6% in an hour after Tesla drops payments over carbon concerns  <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDUvMmFjY2ZjNDgtZDJiYS00ZDA3LWJlZWItNDYzMTg5NTliODczLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5a136f3a>The Bitcoin markets are pulling back after electric car manufacturer Tesla suspended its support for vehicle purchases using BTC.<\/p>\n<p>In a May 13 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/elonmusk\/status\/1392602041025843203?s=08\">tweet<\/a>, Tesla\u2019s CEO Elon Musk noted the company\u2019s concerns regarding the \u201crapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal.\u201d<\/p>\n<p>While Musk predicted that cryptocurrency \u201chas a promising future,\u201d he concluded that the rise of digital assets \u201ccannot come at a great cot to the environment.<\/p>\n<p>However, the firm has not ruled out accepting BTC again in future, with the post noting the firm will resume using Bitcoin \u201cfor transactions as soon as mining transitions to more sustainable energy.&#8221; Musk added:<\/p>\n<blockquote><p>\u201cWe are also looking at other cryptocurrencies that use On <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">social media<\/a>, many within the crypto community have contradicted Musk and Tesla\u2019s assertion regarding the environmental impact of Bitcoin mining, with Twitter use \u201cThe Wolf of All Streets\u201d <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/scottmelker\/status\/1392606429543026690\">noting<\/a> that \u201cminers primarily use renewable energy.\u201d\u00a0<\/p>\n<p>However while the 3rd Global Cryptoasset Benchmarking Study by the University of Cambridge in October 2020 showed that up to 76% of cryptocurrency mining uses some renewable electricity,\u00a0it estimated only 39% of the total power consumed by Proof of Work cryptocurrencies was green energy.<\/p>\n<p>As of this writing, BTC has crashed roughly 6% in the past hour, tumbling from $54,800 to roughly $51,600.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/p><\/blockquote>\n<\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\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\/bitcoin-loses-6-in-an-hour-after-tesla-drops-payments-over-carbon-concerns\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Bitcoin loses 6% in an hour after Tesla drops payments over carbon concerns &#8221; The Bitcoin markets are pulling back after electric car manufacturer Tesla suspended its support for vehicle purchases using BTC. In a May 13 tweet, Tesla\u2019s CEO Elon Musk noted the company\u2019s concerns regarding the \u201crapidly increasing use of fossil fuels&#8230;<\/p>\n","protected":false},"author":1,"featured_media":248431,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDUvMmFjY2ZjNDgtZDJiYS00ZDA3LWJlZWItNDYzMTg5NTliODczLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,39394,10595,36402],"class_list":["post-248430","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-elon-musk","tag-environment","tag-tesla"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/248430","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=248430"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/248430\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/248431"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=248430"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=248430"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=248430"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}