Business
Musk halts use of bitcoin for Tesla cars over climate concerns – Sydney Morning Herald
Tesla will no longer accept bitcoin for car purchases, chief executive Elon Musk said on Wednesday, citing long-brewing environmental concerns for a swift reversal…
At current rates, such bitcoin mining devours about the same amount of energy annually as the Netherlands did in 2019, the latest available data from the University of Cambridge and the International Energy Agency shows.
Some investors cast doubt on the use of bitcoin for Tesla purchases months ago.
We are of course very concerned about the level of carbon dioxide emissions generated from bitcoin mining, Ben Dear, CEO of Osmosis Investment Management, said in February, shortly after Teslas bitcoin…
-
Noosa News22 hours agoQueensland weather forecast sees sunny weather for last week of winter
-
Noosa News23 hours agoForum responds to urgent homelessness issues in Nambour
-
Business20 hours agoWhy the Betashares Nasdaq 100 ETF could be a perfect buy and hold pick
-
General16 hours agoMigrants raise concerns over Australia’s English tests for visa applicants