In February, Tesla announced it had purchased $1.5 billion in Bitcoin and would soon accept the cryptocurrency for car purchases. While bolstering Elon Musk’s crypto cred on Twitter, the move has a serious climate impact. Tesla prides itself on being...
In February, Tesla announced it had purchased $1.5 billion in Bitcoin and would soon accept the cryptocurrency for car purchases. While bolstering Elon Musk’s crypto cred on Twitter, the move has a serious climate impact. Tesla prides itself on being the green car company, made starker after its 2016 acquisition of SolarCity. Yet According to Cambridge University analysis, Bitcoin uses around 120 TWh of energy per year, on par with countries like Norway and Argentina,...
