Twitter. Bitcoin mining, or the process by which new bitcoins enter into circulation, involves heavy-Theduty computers that are able to solve complex math equations.
Bitcoin skeptics have criticized this process in recent years, saying it uses far too much energy to mine new coins. As The New Yorker recently wrote: “According to the Web site Digiconomist, a single bitcoin transaction uses the same amount of power that the average American household consumes in a month, and is responsible for roughly a million times more carbon emissions than a single Visa transaction.” Tesla’s decision comes only four months after Tesla disclosed it bought $1.5 billion worth of bitcoin and would accept the cryptocurrency as payment.
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