Bitcoin and other crypto mining banned in Iran because its high power use makes it dirty money businesstoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstoday.in Daily Mail and Mail on Sunday newspapers.
Bitcoin and other crypto mining banned in Iran because its high power use makes it dirty money msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
“Tesla will not be selling any bitcoin and we intend to use it for transactions as soon as mining transitions to more sustainable energy. We are also looking at other cryptocurrencies that use
His latest pronouncement has been met with an exasperated response from cryptocurrency investors like Magnetic managing director William Quigley, who implored people to ignore Musk’s contradictory pronouncements on the subject, which have veered far from his previously wild enthusiasm for the likes of dogecoin.
But there is no question that the Tesla boss is right to voice his concern about the unsustainable environmental impact of bitcoin mining, which climate scientists have warned could push global warming above 2C in just two decades.