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.
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.
The Independent: “Bitcoin's carbon footprint will get exponentially worse because the more its price rises, the more competition there is for the currency and thus the more energy it consumes.arrow-up-right”
Last updated 3 years ago
