The price of Bitcoin tanked Wednesday after Elon Musk said Tesla will no longer accept the cryptocurrency, citing concerns about the use of fossil fuels for mining the coin. Musk wrote: 'We are concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel.' Musk said in March Tesla customers can buy its electric vehicles with bitcoin, jumping up the price of the currency. Pictured: A graph showing the amount of energy in terawatt hours (TWh) consumed by tech giants, electric vehicles and Bitcoin mining (lower, central and upper bounds). The UK's electricity consumption is slightly more than 300 TWh a year.

Source: Daily Mail May 13, 2021 00:21 UTC