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Analysis: Elon Musk wants a greener bitcoin. Has he got a plan or a pipedream?

7 Min Read
LONDON (Reuters) - Elon Musk says Tesla won’t use or accept bitcoin until he can be sure it’s produced sustainably. He may be waiting some time.
FILE PHOTO: SpaceX owner and Tesla CEO Elon Musk speaks during a conversation with legendary game designer Todd Howard (not pictured) at the E3 gaming convention in Los Angeles, California, U.S., June 13, 2019. REUTERS/Mike Blake/File Photo
Musk announced his new position in a major U-turn on Wednesday, prompting speculation among some experts about whether he had a plan to wean the crypto industry off the fossil fuels that power “mining,” the energy-intensive process that creates coins. ....

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Elon Musk wants a greener bitcoin. Has he got a plan or a pipedream?

Elon Musk wants a greener bitcoin. Has he got a plan or a pipedream?
yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.

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The King of Nickel Is Betting Big on a Green Future in Batteries

Tsingshan Holding Group Co. made numerous bold moves on its path to becoming the world’s largest nickel producer, but its new plan to supply carmakers with cheap, clean metal could be its biggest breakthrough yet. ....

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Elon Musk wants clean power. But Tesla's carrying bitcoin's dirty baggage

8 Min Read
LONDON (Reuters) - Tesla boss Elon Musk is a poster child of low-carbon technology. Yet the electric carmaker’s backing of bitcoin this week could turbo-charge global use of a currency that’s estimated to cause more pollution than a small country every year.
FILE PHOTO: Elon Musk, chairman of SolarCity and CEO of Tesla Motors, speaks at SolarCity s Inside Energy Summit in Manhattan, New York, October 2, 2015. REUTERS/Rashid Umar Abbasi/File Photo
Tesla Inc revealed on Monday it had bought $1.5 billion of bitcoin and would soon accept it as payment for cars, sending the price of the cryptocurrency though the roof. ....

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Elon Musk wants clean power. But Tesla's carrying bitcoin's dirty baggage

8 Min Read
LONDON (Reuters) - Tesla boss Elon Musk is a poster child of low-carbon technology. Yet the electric carmaker’s backing of bitcoin this week could turbo-charge global use of a currency that’s estimated to cause more pollution than a small country every year.
FILE PHOTO: Elon Musk, chairman of SolarCity and CEO of Tesla Motors, speaks at SolarCity s Inside Energy Summit in Manhattan, New York, October 2, 2015. REUTERS/Rashid Umar Abbasi/File Photo
Tesla Inc revealed on Monday it had bought $1.5 billion of bitcoin and would soon accept it as payment for cars, sending the price of the cryptocurrency though the roof. ....

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