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RE: Elon Musk With $5 Billion Worth Of Bitcoin?

in LeoFinance4 years ago

Ah the great debate. People love renewable energy when governments are shilling out cash to prop it up. The main investors of renewable energy are governments. Private sectors do not go into new sectors easily, it's not a smart business move.

But if there is someone shilling out free cash "subsidies" "tax incentives" this reduces the risk of failure. And when governments starts throwing cash at things it is like the ultimate mum and dad guarantor.

Just because a company is pro renewables it doesn't necessarily correlate with its boards own personal beliefs. Or investments.

Money is always central to people's decisions.

For all we know though, Elon could be building an entire renewable energy farm to farm bitcoin. I don't think there is much blocking sunlight in space, no doubt the perfect place to build a solar power plant. Constant free unobstructed sunlight.

It would also be the best place to have batteries charged, the issue is getting them into space, that's the costly part.

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Yes, getting them there and set up and then upgrading them every two years. lol

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Thats alotta Bitcoin farmed for free in 2 years though. Those who own the stack control its value

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For all we know though, Elon could be building an entire renewable energy farm to farm bitcoin.

That wouldnt surprise me. Actually someone actually proposed that the Powerwall could be bitcoin miners with, I believe, a different cpu configuration. Thus, in addition to storing the energy from the solar panels, it could also use some of that energy to mine Bitcoin.

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