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.
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.”
Last modified 9mo ago