Elon Musk Announces That Tesla's Can No Longer Be Purchased with Bitcoin

“Tesla has suspended vehicle purchases using Bitcoin. We are concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel”, Musk tweeted on Wednesday.

Elon Musk proceeded to claim that cryptocurrency is a good idea on many levels, but he doesn't believe the high taxation on the environment via energy costs. According to tweets, he will not sell off Tesla's bitcoins, but will hold until the costs of mining a more environmentally friendly.

"We are also looking at other cryptocurrencies that use <1% of Bitcoin's energy transactions.

How Does This Affect Hive?

First, Musk's announcement affects anyone who holds or has interest in cryptocurrency. This is bad press.

On the other side of the coin (yes, pun intended) Hive has recently acquired a 50 megawatt ("MW") data centre campus in New Brunswick (the "Campus") from GPU.One Holding Inc. ("GPU One"), and all of Hives mining have always been powered by green energy.

_{https://ca.finance.yahoo.com/news/hive-blockchain-completes-acquisition-green-050000418.html
https://www.nasdaq.com/articles/hive-blockchain-technologies-is-a-compelling-under-the-radar-crypto-play-2021-05-09}

Now What?

I have already been planning to market Hive by leveraging it's eco-friendly presence (eco-friendly comparibly). I have developed some visual marketing material that has been waiting for me to launch on to social media, but I wasn't ready. It might be time to push this data out sooner than I planned.

Many of you Hivian's are previously cemented and known as feverous marketing reps on your social media pages. I hope you are reading this post .... this is it, this is your moment to shove Hive into the limelight.

GO!

Strike Now!

Photo Credits:

Tesla car photo by Beat Jau on Unsplash

Hive logo designed by Hive Believer and you are welcome to use it freely.