A carbon tax on cryptocurrencies could be introduced to balance out some of the negative consumption, Mr Gerard suggested. Bitcoin sets fresh records after Musk investment.
Environmental conundrum
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Bitcoin's global energy use 'equals Switzerland'. But the rising price offers even more incentive to Bitcoin miners to run more and more machines. The energy it uses could power all kettles used in the UK for 27 years, it said.
Bitcoin investor is on the verge of unlocking a $220 million fortune — or perhaps losing it forever
Mining Bitcoin. They have the job of verifying transactions made by people who send or receive Bitcoin. Environmental conundrum. The price of Bitcoin rose rapidly on Monday after Tesla announced its investment.
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GHOST to BTC - Conversion from GHOST (GHOST) to Bitcoin (BTC) - GHOST/BTC -
More on this story. Published 9 February.
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Elon Musk launches BRUTAL attack on Bitcoin branding cryptocurrency ‘ghost money’
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