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

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

Doubles down on sudden rejection.

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:
bitcoin cryptocurrency environment finance tesla

Sponsored Whitepapers

Power your firm's intelligent digital workplace with digital document processes
Power your firm's intelligent digital workplace with digital document processes
Give your employees a positive UX
Give your employees a positive UX
Customer Identity and Access Management for Dummies
Customer Identity and Access Management for Dummies
Modernise Government Agencies with Oracle's next-generation cloud services
Modernise Government Agencies with Oracle's next-generation cloud services
Empowering workforces in the new environment
Empowering workforces in the new environment

Events

Most Read Articles

NBN Co looks to enforce 'fair use' for fixed-line users

NBN Co looks to enforce 'fair use' for fixed-line users
Services Australia, Infosys renegotiate Centrelink payments engine build

Services Australia, Infosys renegotiate Centrelink payments engine build
AFP told to end over-reliance on network drives

AFP told to end over-reliance on network drives
NBN Co says 5G competition is challenging its monopoly status

NBN Co says 5G competition is challenging its monopoly status

Log In

Email:
Password:
  |  Forgot your password?