Elon Musk crashes Bitcoin – The Bitcoin mining energy debate begins

Elon Musk tweeted today that Tesla has suspended vehicle purchases using Bitcoin. He said that Tesla is concerned about rapidly increasing use of fossil fuels for Bitcoin mining. In response the crypto markets crashed with Bitcoin falling 12% to $49,000. In this podcast, Andy reacts to Elon’s tweets and suggests some resources that argue that Bitcoin mining incentivises a renewable energy future.

Bitcoin is key to an abundant energy future
https://assets.ctfassets.net/2d5q1td6cyxq/5mRjc9X5LTXFFihIlTt7QK/e7bcba47217b60423a01a357e036105e/BCEI_White_Paper.pdf

Bitcoin Mythology
https://bitcoinmythology.org/

The Investors Guide to Bitcoin and the Environment
https://blockworks.co/the-investors-guide-to-bitcoin-the-environment/

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Elon Musk crashes Bitcoin – The Bitcoin mining energy debate begins

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Kane Dane