Connect with us


Tesla. Elon Musk “asks for time” from Bitcoin – Technology



Tesla.  Elon Musk "asks for time" from Bitcoin - Technology

It all started with a declaration of love in February this year, not on Valentine’s Day, but a week before that. Tesla announced that it has invested $ 1.5 billion in bitcoin and will now accept cryptocurrency as a means of payment for its electric vehicles. It was a sign of confidence in the currency, which in the coming weeks will reach a record level, exceeding 60 thousand dollars. The decision also removed some of the barriers that existed in financial markets, leading companies like Visa and Paypal have accepted cryptocurrencies on their platforms, and banks like Goldman Sachs or JP Morgan have offered investment products that take them into account.

During the announcement, many critics pointed out that Tesla’s decision was not quite in line with its environmental and environmental values, which it has so promoted through its electric vehicles. Tesla’s Elon Musk, CEO or Technoking, didn’t seem to pay much attention to this renovation when the love of cryptocurrency exploded, but after the end of the honeymoon phase, relationship issues came to the fore. Last week in tweet (obviously) Musk disclosed that Bitcoin can no longer be used to buy cars until more sustainable methods of working with the network are found blockchain Platform. How big is the impact of Bitcoin on the environment? Let’s move on to some numbers:

  • Bitcoin uses 0.5% of all electricity generated worldwide as a result of transactions and operations booty… This consumption is higher than in all of Argentina, which has a population of 45 million.
  • Bitcoin Transaction Spends 707 kWh energy, 11 times more than Ethereum (the second largest cryptocurrency) and 6,000 times more than Dogecoin (a meme coin that is already the fourth highest capitalized digital currency).
  • Bitcoin transaction uses the same energy as 1 million Transactions with Visa and equivalent 78 thousand hours to watch videos other than YouTube.
See also  REN's profit fell 10.1% to September to € 68.4 million - Energy

This is because the complex Bitcoin network requires thousands or even millions of attempts to complete a transaction in blockchain and this miners have a proper reward (in coins). This process means that a lot of electricity is ultimately consumed, which in most cases is still produced using fossil fuels that are harmful to the planet. Yet, some theories point to the potential of Bitcoin to subsidize renewable energy investments. Still to be seen.

What’s next? Musk’s decision caused a collapse in the cryptocurrency market:

1) Bitcoin has depreciated about 25% and is now worth $ 42,000 (as of the date of this newsletter).

2) Globally, the market has lost $ 400 billion, given that many cryptocurrencies are correlated with the value of bitcoins.

It is not yet known which path the South African billionaire will take, but for now these are some ideas that can be gleaned from his activity on Twitter.

  • Tesla will not sell your bitcoinsand do not accept currency in transactions until more sustainable methods of dealing with it have been found.
  • Tesla will look for solutions that other cryptocurrencies can offer, namely those that govern spend less than 1% of the total energy spent by Bitcoin.
  • It’s hard to tell a joke from the truth, but last week Musk launched a poll in his account in which his followers asked if Tesla should use Dogecoin as a payment method. 4 million people responded, of which78% said yes.

We don’t know if Musk is ready to move on and find new love, but the Doge’s constant support, whether with memes, whether in sketches humorouswhether giving name Doge-1 to one of SpaceX’s rockets, this seems to indicate that this is the case. This is another example of the influence of a billionaire and how his words influence the direction in which financial markets can develop.

See also  Fuel will drop next week. Diesel expected to outperform gasoline by 10 cents - Energy

Affiliate Article

The Next Big Idea is an innovation and entrepreneurship site with the most complete database of startups and incubators in the country. Here you will find stories and protagonists that tell how we are changing the present and inventing what the future will be like. See all stories at

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *


Everything has been delivered. 10 Bugatti Centodieci are already in the hands of the owners



Everything has been delivered.  10 Bugatti Centodieci are already in the hands of the owners

OAll Bugatti Centodieci have been delivered, the Molsheim-based brand said on Monday. Cristiano Ronaldo received the number 07 in October this year. and Bugatti has now revealed that the latest unit – #10 – is already in the possession of its owner.

“The Centodieci combines all the values ​​of the Bugatti brand in an extraordinary package: rarity, innovation, heritage, craftsmanship and unrivaled performance. The production batch of 10 units was so in demand by our customers that it was sold before the Centodieci. was even officially presented,” said Christophe Piochon, president of Bugatti.

This latest example is finished in Quartz White with carbon fiber trim on the bottom and matte grilles. The brake calipers are painted in Light Blue Sport, as is the logo on the rear that refers to the EB110, the iconic Bugatti model that inspired this Centodieci. Inside, the predominant color is also blue, as you can see in the images above.

This block is powered by the same block as the other nine instances. The 8.0-liter W16 with four turbines is capable of developing 1600 hp. In terms of performance, this allows the Centodieci to hit 100 km/h in just 2.4 seconds and reach a top speed of 380 km/h.

Recall that each unit costs the owners eight million euros before taxes.

Read also: We already know when the Bugatti Centodieci fell into the hands of Ronaldo.

Continue Reading


The first Dacia hybrid. “The cheapest hybrid family on the market”



The first Dacia hybrid.  "The cheapest hybrid family on the market"

BUT Dacia revealed this Monday that the hybrid engine has been available since March on the Jogger, the Romanian brand’s model known to be available with a seven-seat variant.

The Jogger Hybrid 140, Dacia’s first hybrid, will hit dealerships in March, but customers can expect and order it as early as January.

The price has been revealed by Dacia and since it’s only available in the seven-seater SL Extreme, it starts at €28,800. The brand claims it is “the most affordable hybrid family car on the market.”

Available in six existing colors to celebrate the launch of this hybrid, there will be a slate gray version, as you can see in the images above.

Equipped with a 1.6 liter four-cylinder petrol engine with 90 hp, the Jogger is also powered by two electric motors (a 50 hp engine and a high-voltage starter-generator). The total power is 140 horsepower. The electric transmission is automatic, four-speed, connected to an internal combustion engine, and two speeds are connected to an electric motor. This combined technology was possible, according to Dacia, only due to the lack of clutch.

Combined with the energy recovery levels of the 1.2kWh (230V) battery pack and the efficiency of the automatic transmission, regenerative braking delivers all-electric traction on 80% of urban journeys and saves up to 40% of fuel compared to a combustion engine vehicle.

Read also: Dual-fuel Dacia Jogger Eco-G. We tried 5 seater and LPG…

Continue Reading


See how Tesla tests its electric Semi truck in the worst-case scenarios



Tesla Semi camião elétrico testes

Tesla has finally been able to bring its long-awaited Semi to market. This electric truck promises to revolutionize transportation and bring all the unique characteristics of this type of electric vehicle to this class of vehicles.

Now that the first units have been delivered, there is hope that they will finally be mass-produced and reach more transport companies. With so many promises to be kept, a new video is now emerging showing Tesla testing its Semi truck under worst-case scenarios.

Tesla Semi is already on the market

Like all Tesla electric vehicles, Semi follows the same line of creating a unique design associated with a platform with the most modern technology available. The proof is in what was presented to the public and surprised most people.

To prove the quality of this new proposal, Tesla published in your LinkedIn account new video. In it, he reveals some of the testing he's done to determine the strength and quality of the Semi's design and its (potential) durability.

Tests to prove its durability

It has been revealed that the Tesla electric truck is subjected to numerous tests and its application in the worst scenarios that drivers may face. It doesn't stop at the ruggedness of the Semi's designs, but goes further and focuses on the motors and batteries themselves.

This is the proof that many have been waiting for to ensure that this new proposal is not limited to a lot of autonomy. Its resistance is great and will provide greater durability, further enhancing the Semi's value and performance.

high quality electric truck

Tesla has already showcased the Semi's quality with a video showing its truck driving roughly 500 miles on just one charge. The big news here is that he managed to make this long journey with a maximum load of about 37 tons.

Now Tesla remains to widely place the Semi on the market. At the moment, only a few companies have access to this new product, with a very long list of pending deliveries, who want to start mass-using this electric truck offering.

See also  Gasoline at gas stations is more expensive by 3.7 cents relative to its "effective price". Diesel is 3.1 cents cheaper, according to ERSE
Continue Reading