1.1. Current Challenges
- By Elon Musk's account, climate concerns disqualify Tesla from accepting Bitcoin.
- Tesla CEO Elon Musk said the company will resume bitcoin transactions once it confirms there is a reasonable clean energy usage by miners.
Elon Musk's Disclaimer
- Bitcoin cryptocurrency consumes more electricity than the entire annual energy consumption of the Netherlands, Cambridge University researchers state.
- Bitcoin has a carbon footprint comparable to that of New Zealand, producing 36.95 megatons of CO2 annually, according to Digiconomist.