Excessive use of electricity in bitcoin can sink corrupt currency?
Correspondent, Environmental Affairs
Elon Musk makes 900 million on paper after investing in bitcoin
• We are all constantly hearing the stories of people who became writers in the world of bitcoin.
* The latest addition is Elon Musk.
• His electric car company, Tesla, has made 900 million on paper since it bought 1.5 billion worth of bitcoins in February this year.
The arrival of a celebrity like Elon Musk in the world of bitcoin has increased the value of a bitcoin by more than 58,000
• But it's not just the value of the digital currency that has risen to record, but also the energy spent on bitcoin mining on the computer.
• And as people learn about the harmful effects of electricity on this corrupt currency, it is hurting Elon Musk.
That's why many other big names, including US Treasury Secretary Janet Yellen, have sharply criticized the digital currency this week.
• President Joe Biden, one of Biden's top economic advisers, said: Is.'
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• It is not clear how much energy the bitcoin uses because cryptocurrency is something that is difficult to calculate accurately.
• However, everyone agrees that bitcoin mining is a business that consumes a lot of energy.
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