Bitcoin Mining Achieves 52.4% Sustainable Energy Use, Musk’s Target Met
A recent study from Cambridge University reveals that Bitcoin mining has achieved a remarkable 52.4% in sustainable energy usage. This figure surpasses Elon Musk’s stated threshold of 50%, which he set for Tesla to consider resuming bitcoin payments. Despite this milestone, Tesla has not yet reinstated the acceptance of Bitcoin, raising questions about the future relationship between major corporations and cryptocurrencies. The findings of this study are crucial for the continuing conversation around the environmental impact of crypto mining. As public awareness grows, stakeholders in the crypto industry are under more pressure to adopt sustainable practices, possibly shaping how cryptocurrencies are perceived and utilized in the future.