How does Bitcoin mining impact the environment?3 min read . Updated: 13 May 2021, 07:03 PM IST
- Tesla has suspended Bitcoin payments due to environmental impact of its mining.
In what can be called as a sudden ‘U-turn’, Elon Musk on Wednesday reversed course to use Bitcoin as an acceptable form of payment for purchase of Tesla vehicles. In a tweet, Tesla's Chief Executive Officer (CEO) said that the company has suspended the use of bitcoin to purchase its vehicles because of climate concerns.
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