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Tesla CEO Elon Musk's wild week: 'Saturday Night Live' gig, Bitcoin reversal autonews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from autonews.com Daily Mail and Mail on Sunday newspapers.
Elon Musk Working With Dogecoin Developers On Efficiency After Tesla Bans Bitcoin On 5/13/21 at 11:03 PM EDT Elon Musk said he was working with Dogecoin developers to improve system transaction efficiency one day after Tesla announced it would stop accepting Bitcoin for payment. Bitcoin prices immediately fell after Musk announced the Tesla policy reversal on Wednesday, although prices appeared to have stabilized somewhat by Thursday. The value of Dogecoin, which was initially created to parody cryptocurrencies like Bitcoin, spiked by around 20 percent after Musk tweeted about it on Thursday. Working with Doge devs to improve system transaction efficiency, Musk tweeted. Potentially promising. ....
Elon Musk TV Tesla Inc boss Elon Musk on Thursday denounced the insane amount of energy used to produce bitcoin, doubling down on his sudden rejection of the cryptocurrency as a means of payment over environmental concerns. Musk, one of bitcoin s most ardent backers, tweeted a graph of bitcoin s power consumption and said: Energy usage trend over past few months is insane. (https://bit.ly/33BYV8Z) That followed his tweet from Wednesday saying Tesla would no longer accept the cryptocurrency as payment for its electric cars because it came at a great cost to the environment, an about-face from his stance in March. ....
Musk decries bitcoin s insane energy use after Tesla payment U-turn By Hyunjoo Jin and Subrat Patnaik Reuters (Reuters) -Tesla Inc boss Elon Musk on Thursday denounced the insane amount of energy used to produce bitcoin, doubling down on his sudden rejection of the cryptocurrency as a means of payment over environmental concerns. Musk, one of bitcoin s most ardent backers, tweeted a graph of bitcoin s power consumption and said: Energy usage trend over past few months is insane. (https://bit.ly/33BYV8Z) That followed his tweet from Wednesday saying Tesla would no longer accept the cryptocurrency as payment for its electric cars because it came at a great cost to the environment, an about-face from his stance in March. ....
Musk slams Bitcoin s insane power usage 2021-05-14 HKT 04:44 Share this story Tesla boss Elon Musk has changed his stance on bitcoin. Critics have expressed concern about the energy-intensive process in which bitcoin is created. File photo: AP Tesla boss Elon Musk on Thursday denounced the insane amount of energy used to produce bitcoin, doubling down on his sudden rejection of the cryptocurrency as a means of payment over environmental concerns. Musk, one of bitcoin s most ardent backers, tweeted a graph of Bitcoin s power consumption and said: Energy usage trend over past few months is insane. That followed his tweet from Wednesday saying Tesla would no longer accept the cryptocurrency as payment for its electric cars because it came at a great cost to the environment, an about-face from his stance in March. ....