Billionaire entrepreneur and founder of SpaceX and Tesla Elon Musk speaks at the 68th International Astronautical Congress 2017 in Adelaide on September 29, 2017. PETER PARKS / AFPTesla hit the brakes Wednesday on letting people pay for electric cars with bitcoin, saying the computing-intense mining process of creating new cryptocurrency spews climate-harming emissions.
“We are concerned about rapidly increasing use of fossil fuels for bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel,” Tesla chief executive Elon Musk said in a tweet. “Cryptocurrency is a good idea on many levels and we believe it has a promising future, but this can not come at great cost to the environment.”
Mining bitcoin has become a computing power battle, with machines devouring electricity while racing to sequence digital blocks in a chain.
Musketeer just discovered climate!
Man is playing Games you said Tesla will stop Accepting BTC but also start that you will not sell no btc man want the price to drop so that he can cash out on it
How does he think central banks and custodians print and/or preserve fiat? That's way too low judgement from Elon.
Elon musk is playing the billionaires game make a random stupid tweet drops the price and then buy cheap. He recently sold bitcoin for profit he knows it’s profitable and volatile and he’s cashing out on it.
This man is toying with your intelligence people. Dont get carried away
Wahala