
Published by
Benzinga
Benzinga
Bitcoin’s (CRYPTO: BTC) renewable energy usage for mining purposes has reportedly crossed the 50% mark, meeting the criteria set by Tesla Inc. (NASDAQ:TSLA) for reconsidering Bitcoin payments. What Happened: According to a report by Bloomberg analyst Jamie Coutts, the use of clean energy for Bitcoin mining has now exceeded 50%. This change is primarily a result of the dispersion of miners following China’s mining ban last year and the active pursuit of renewable energy sources by countries including El Salvador, Bhutan, Oman, and the United Arab Emirates. In 2021,Elon Musk, the CEO of Tesla, a…