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How does this square with Tesla's "green" mission? Bitcoin consumes annually the electricity output of a small country. Surely if they were serious about tackl
by andysinclair 6y ago
How does this square with Tesla's "green" mission?
Bitcoin consumes annually the electricity output of a small country. Surely if they were serious about tackling environmental issues they would not be investing in Bitcoin?
This news itself has pushed the price up over 15% today and no doubt enables another warehouse full of machines to start working 24/7 to mine more bitcoin...
- vmception 6y agoThe vast majority of bitcoin mining is a sustainability solution. The source is more important than the amount of energy. Most bitcoin mining is using energy at the source that was uneconomical to use for other purposes, because of the loss experienced in transporting the energy to economic centers. That includes places that were previously opting to pollute the air with hydrocarbons, which now use that energy on site for miners instead. This has been the reality for years.