—Read Here— “Musk’s move may also indicate that Teslas weren’t flying off the shelves as a result of accepting Bitcoin payment, wrote Bloomberg Green reporter Lionel Laurent. He added that Bitcoin’s network takes a whopping estimated “20-80 terawatt hours in 2019 to more than 100 this year.” To put that number into perspective a singleContinue reading “Elon Musk Conveniently Ignored Bitcoin’s Inconvenient Truth”
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Tesla Will Stop Accepting Bitcoin As Payment Due To Environmental Worries, Musk Says
—Read Here— “Cryptocurrency is a good idea on many levels and we believe it has a promising future, but this cannot come at great cost to the environment,” Musk said citing immense amount of fossil fuels being used on BTC mining. Musk conceded that Tesla would take Bitcoin if mining moved towards more sustainable powerContinue reading “Tesla Will Stop Accepting Bitcoin As Payment Due To Environmental Worries, Musk Says”
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