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    Sat, 27th Feb 2021 12:43:00
    How Bitcoin's vast energy use could burst its bubble
    We've all heard the stories of Bitcoin millionaires. Elon Musk is the latest. His electric car company Tesla made a paper profit of more than $900m (£646m) after buying $1.5bn (£1bn) -worth of the cryptocurrency in early February. Its high profile support helped pushed the price of a single Bitcoin to more than $58,000. But it isn't just the digital asset's price that has hit an all-time high. So has its energy footprint. And that's caused blowback for Mr Musk, as the scale of the currency's environmental impact becomes clearer. It also helped prompt a series of high profile critics to slate the digital currency this week, including US Treasury Secretary Janet Yellen.
    Read original full article
    #Climate Change
     
         



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    LATEST NEWS
    Wed, 10th May 2023
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    Mon, 8th May 2023
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    Sun, 7th May 2023
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    Fri, 5th May 2023
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    Wed, 3rd May 2023
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    Energy News
    How bankruptcy helps the coal industry avoid environmental liability
    Wed, 10th May 2023 18:04:00
    German lawmakers mull creating first citizen assembly
    Wed, 10th May 2023 17:00:00
    Yousaf: Just transition away from oil and gas is a moral imperative
    Wed, 10th May 2023 14:15:00


    How bankruptcy helps the coal industry avoid environmental liability
    Wed, 10th May 2023 18:04:00
    German lawmakers mull creating first citizen assembly
    Wed, 10th May 2023 17:00:00
    Yousaf: Just transition away from oil and gas is a moral imperative
    Wed, 10th May 2023 14:15:00


     
             
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