How Bitcoin Uses Fossil Fuels As Elon Musk Says Tesla No Longer Accepting The Crypto
In a tweet on Wednesday, Musk, who is also the CEO of SpaceX, wrote that his electric car company had taken the decision in response to the “rapidly increasing use of fossil fuels for bitcoin mining and transactions.” Mining is the term used to describe how new coins are brought into circulation. Musk, who has in the past signalled support for cryptos such as bitcoin and Dogecoin, said: “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....