Thursday 13 May 2021
There was a mood of jubilation amongst the crypto community when in March, Elon Musk said that you can pay for a Tesla with Bitcoin. However, the joy was short-lived as the “Technoking” of the company has now said that it’s pausing crypto payments for environmental reasons. In a tweet, Musk said while cryptocurrencies are good in multiple aspects, the environmentalcost of running Bitcoin is high at the moment. Tesla & Bitcoin pic.twitter.com/YSswJmVZhP — Elon Musk (@elonmusk) May 12, 2021 There’s been a lot of debate around Bitcoin mining and energy consumption. A report from Digiconomist suggests that the annual carbon…
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