Assessing whether Bitcoin's energy consumption makes sense

2021-7-24 22:30

After Tesla's initial Bitcoin investment and payment support for Tesla purchases on 8 February 2021, many critics followed up on the company's position by alleging that the car-maker is supporting an The post Assessing whether Bitcoin's energy consumption makes sense appeared first on AMBCrypto.

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Analyst Explains Rationale Behind Tesla’s New Stance On Bitcoin

Elon Musk recently set the cryptocurrency community ablaze when he announced Tesla’s withdrawal in accepting Bitcoin as a payment medium. The company’s sole reason for backpedaling on its decision to accept Bitcoin is tied to the asset’s level of energy consumption which Tesla believes is highly unsustainable despite Bitcoin being a promising digital currency in […]

2021-5-15 16:09


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