Model 3 has a 499 kilometer range, 0-100 km/h acceleration in 3.5 seconds and our most refined design and engineering ever. (Tesla)

Tesla CEO Elon Musk said the company will resume bitcoin transactions once it confirms there is reasonable clean energy usage by miners.

“When there’s confirmation of reasonable (~50%) clean energy usage by miners with positive future trend, Tesla will resume allowing Bitcoin transactions,” Musk wrote in a tweet.

Musk, who has been a major promoter of cryptocurrencies, announced in May that Tesla would no longer accept bitcoin for car purchases.

The billionaire said that he believed cryptocurrency has a promising future, but it cannot be at great cost to the environment.

Bitcoin, the world’s biggest and best-known cryptocurrency, was up 40.7% on Sunday from the year’s low of $27,734 on Jan. 4.

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