Electricity Drive: Bitcoin Down Almost 50%

In the past view weeks the price of Bitcoin went […]

Post Author:

Climate State

Date Posted:

May 31, 2021

In the past view weeks the price of Bitcoin went from $48,000 down to $26,000! Bitcoin lost almost 50%! This trend came after Elon Musk’s Tesla announced to stop accepting Bitcoin.

“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,” Mr Musk wrote.

“Cryptocurrency is a good idea… but this cannot come at great cost to the environment.”

Climate State is no longer accepting Bitcoin donations, our supporters have to use more classic venues again.

About the Author: Climate State

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Climate State covers the broad spectrum of climate change, and the solutions, since around 2011 with the focus on the sciences. Views expressed on this site or on social media are not necessarily the views by Climate State – we endorse data, facts, empirical evidence.

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Categories: 2021, Carbon Dioxide (CO2), Energy(2023)
Views: 175(2023)
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