Bitcoin supporters are tagging Elon Musk for saying he was wrong about Bitcoin, pointing to the “eye of fire” in Mexican waters, which has gone viral on Twitter.
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Bitcoin supporters cited the recent fire in the Gulf of Mexico as an example of how the activities of Bitcoin miners, who are constantly looking for alternative energy sources for their rigs, are safer than the traditional energy industry based on oil and gas.
These include analyst Willy Woo, venture investor Anthony Pompliano, and Kraken’s Dan Held.
A Bitcoin enthusiast with over 111,000 subscribers sarcastically tagged Elon Musk for saying more about BTC being bad for the environment than oil polluting the ocean.
“Eye of Fire” in the Gulf of Mexico
Reuters reported that the fire, which started on Friday due to a leak in an underwater pipeline on the surface of the bay near Mexico’s Yucatan peninsula, has been extinguished.
Since the fire place has a circular shape, social media reported this event “eye of fire” named it. It took more than five hours to completely extinguish the fire.
“Oil Fire? Bitcoin Fixes It, Elon Musk”
Bitcoin supporters on Twitter, “eye of fire”While sharing the viral video of BTC, opponents of BTC accused Bitcoin miners of harming the environment.
Bitcoin proponent LilMoonLambo cited Tesla and SpaceX CEO Elon Musk for another tweet about the damage Bitcoin miners are doing to the environment.
Bitcoin Miners Use More Than 50% of Renewable Energy: Michael Saylor
Earlier this year, Elon Musk suspended Tesla from accepting Bitcoin payments for its e-cars and said the company would not continue to accept BTC until Bitcoin miners switched to renewable energy.
According to Musk, at least 50 percent of PoW mining operations should be based on green energy. China continued the trend started by Elon and started banning cryptocurrency miners from the country, resulting in a massive drop in the BTC hash rate.
However, just over 50% of Bitcoin mining is already done using renewable energy sources, according to the briefing for the Bitcoin Miner Council meeting quoted by MicroStrategy CEO Michael Saylor earlier this week.