Elon Musk Endorses Bitcoin Mining Heated Spa – Tesla Motors (TSLA)

Amid a new wave of efforts to tackle the worrying environmental impact of cryptocurrency mining, Blockfolio recently proposed ‘a hot tub heated by dogecoin mining’ and called Elon Musk to “make it happen”.

What happened: the Tesla Inc (NASDAQ: TSLA) CEO, who in many ways is leading the debate on the way forward for cleaner crypto mining practices, called Blockfolio’s proposal a “great idea.”

It turns out that someone has already created a hot tub heated by Bitcoin mining – The SPA-256 HotTub, which received Musk’s approval once it was brought to his attention.

Why is this important: The SPA-256 was introduced by Jesse Peltan, CTO of Texas-based renewable cryptocurrency mining company HODL Ranch.

See also: How to invest in Tesla Stock

The name SPA-256 for the Bitcoin mining-powered hot tub is also a play on “SHA-256,” which is the cryptographic hash function used to mine the Bitcoin network.

In an explicator video who has been around Twitter, an ASIC miner used to mine Bitcoin appears to turn on jets in a hot tub in response to a voice-activated command from Amazon.com, Inc. (NASDAQ: AMZN) Alexa.

See also: Elon Musk thinks it’s a ‘great idea’ to use the energy generated when mining Dogecoin

Users of the Bitcoin Reddit community called the invention ‘brilliant’ and commented: ‘People who laugh at bitcoin by using too much electricity don’t understand that the’ garbage ‘in bitcoin is heat. but creative people like this can find other uses for excess heat. “

At the time of going to press, Bitcoin was trading at $ 36,605, having gained 1.06% in the past 24 hours. The major cryptocurrency accounted for 41.71% of the market with a daily transaction volume of $ 36 billion, according to CoinMarketCap.




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