Elon Musk lashes bitcoin's 'great cost to the environment', sending prices falling - News Summed Up

Elon Musk lashes bitcoin's 'great cost to the environment', sending prices falling


Musk is the first non actor or non athlete to host Saturday Night Live since Donald Trump spearheaded the satirical sketches in 2015. Video / NBCMusk is the first non actor or non athlete to host Saturday Night Live since Donald Trump spearheaded the satirical sketches in 2015. Video / NBCBillionaire Elon Musk has stepped up his attack on bitcoin, posting a string of critical tweets yesterday which sent prices crashing. Taking to Twitter, the 49-year-old Tesla CEO shared a graph which showed bitcoin's electricity usage had soared during 2021. Bitcoin mining uses vast amounts of energy to power specialised computers solving complex but useless mathematical problems.


Source: New Zealand Herald May 14, 2021 00:33 UTC



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