Musk decries bitcoin's 'insane' energy use after Tesla payment U-turn

By
Follow google news

Doubles down on sudden rejection.

Musk decries bitcoin's 'insane' energy use after Tesla payment U-turn
Tesla boss Elon Musk on Thursday denounced the "insane" amount of energy used to produce bitcoin, doubling down on his sudden rejection of the cryptocurrency as a means of payment over environmental concerns. Musk, one of bitcoin's most ardent backers, tweeted a graph of ...

Hi! You've reached one of our premium articles. This is available exclusively to subscribers.

It's free to register, and only takes a few minutes.

Once you sign up you'll have unlimited access to the full catalogue of Australia's best business IT content, as well as a daily news bulletin delivered straight to your inbox.

Register now
Got a news tip for our journalists? Share it with us anonymously here.
Tags:

Most Read Articles

Macquarie brings agentic SRE to its digital bank

Macquarie brings agentic SRE to its digital bank

Bendigo Bank cuts cost, time out of software development efforts

Bendigo Bank cuts cost, time out of software development efforts

Concerns over Westpac Unite as tech chiefs depart

Concerns over Westpac Unite as tech chiefs depart

Westpac Intelligence Layer breaks cover

Westpac Intelligence Layer breaks cover

Log In

  |  Forgot your password?