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And Musk vowed to start using Bitcoin again “as soon as mining transitions to more sustainable energy.” The industry is environmentally unsound because the process of mining for Bitcoin, or the complex mathematical calculations that are computed for every new Bitcoin, is highly energy-intensive. The University of Cambridge’s Centre for Alternative Finance estimates that as of Wednesday the industry had reached 147.8 terawatt hours. And that is a significant increase from around 121.9 terawatt hours, or as much energy as a country like Argentina uses each year, when Tesla bought $1.5bn worth of Bitcoin in February. The Centre for Alternative Finance says that Bitcoin now represents an estimated 0.59 per cent of global electricity production, or enough to power all the kettles in Britain to boil water for 33 years.

United kingdomUnited statesElon muskUniversity of cambridgeUniversity of cambridge centre for alternativeCentre for alternativeAlternative financeUighur muslimSaturday night liveஒன்றுபட்டது கிஂக்டம்ஒன்றுபட்டது மாநிலங்களில்பல்கலைக்கழகம் ஆஃப் கேம்பிரிட்ஜ்பல்கலைக்கழகம் ஆஃப் கேம்பிரிட்ஜ் மையம் க்கு மாற்றுமையம் க்கு மாற்றுமாற்று நிதிஉய்கூற் முஸ்லீம்