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


FILE PHOTO: A Tesla supercharger is shown at a charging station in Santa Clarita, California, U.S. October 2, 2019. REUTERS/Mike Blake/File Photo

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.

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.

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Tech News

Keep yourself and your money safe from these four scams
Meta is following X's playbook on fact-checking. Here's what it means for you
Got a package you didn’t order? Why you should be concerned
Trump, Zuckerberg meet at Mar-a-Lago, Semafor reports
Opinion: If your phone had feelings would you treat it differently? It could happen sooner than you think
Location tracking company Unacast tells Norway its data was hacked, broadcaster says
TSMC begins producing 4-nanometer chips in Arizona, Raimondo says
Explainer-What happens after the TikTok ban?
US supports Musk argument in OpenAI lawsuit
HPE secures $1 billion AI server deal for Elon Musk's X, Bloomberg News reports

Others Also Read