However, China is becoming less and less crypto-friendly with every passing year, so it might only be a matter of time before it kicks the miners out altogether.
While this was usually a background issue, it suddenly resurfaced a few weeks ago, when Elon Musk announced that Tesla would stop accepting BTC payments for electric cars after only allowing this type of payment for a brief period. We were all quite surprised by the decision, which Musk justified by saying that Tesla has concerns about energy consumption and a carbon footprint that BTC mining is leaving.
Speaking of Musk, the so-called Dogefather, he was recently tagged in a tweet by the crypto trading app Blockfolio, which tweeted, “A hot tub that’s heated by mining dogecoin. Elon Musk, I don’t care how just make it happen.”
This humorous way of making some use of mining’s energy consumption and heat produced along the way seems to have intrigued the Tesla and SpaceX CEO. He replied by thinking that it is a ‘great idea,’ and while many assume that he was joking, I wouldn’t be surprised if he actually came up with a way to do it.
After all, he is sending a satellite into space with nothing but Dogecoin, so who knows what is or isn’t possible these days. He firmly believes that this mission will demonstrate the application of crypto beyond Earth’s orbit, so why wouldn’t he be able to also heat a hot tub with DOGE? After all, crypto has had far stranger use cases, and if anyone can use them in an interesting, eccentric way, it’s Elon Musk.
Would you heat up your hot tub with crypto mining?