Elon crashes Bitcoin – The Bitcoin mining energy debate begins
Elon Musk tweeted today that Tesla has suspended vehicle purchases using Bitcoin. He said that Tesla is concerned about the rapidly increasing use of fossil fuels for Bitcoin mining.
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Elon Musk tweeted today that Tesla has suspended vehicle purchases using Bitcoin. He said that Tesla is concerned about rapidly increasing use of fossil fuels for Bitcoin mining. In response the crypto markets crashed with Bitcoin falling 12% to $49,000. In this podcast, Andy reacts to Elon’s tweets and suggests some resources that argue that Bitcoin mining incentivises a renewable energy future.
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Supporting links:
Bitcoin is key to an abundant energy future
The Investors Guide to Bitcoin and the Environment
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