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…
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