Source: BBC Technology News Date: March 18th, 2022 Link: https://www.bbc.com/news/av/technology-60172436 Discussion Crypto mining uses a lot of electricity. Why? Some US and Canadian states/provinces and towns/cities are either banning crypto mining, or providing tax incentives for crypto miners to come. Why are some trying to stop it and others trying to encourage it?

Tesla has suspended vehicle purchases using Bitcoin due to climate change concerns, its CEO Elon Musk said in a tweet. Bitcoin fell by more than 10% after the tweet, while Tesla shares also dipped. Tesla’s announcement in March that it would accept the cryptocurrency was met with an outcry from some environmentalists and investors. The… Read more »

In 2018, I did something that would make cautious investors cringe: With almost no savings to my name, I bought cryptocurrency. I don’t need to tell you that when you’re low on cash, whether you’ve got debt or are in your first job after university as I was, a get-rich-quick scheme is always more attractive… Read more »

For Bitcoin, it isn’t just the digital asset’s price that has hit an all-time high. So has its energy footprint. And that’s caused blowback for Mr Elon Musk, who recently bought $1.5 billion of Bitcoin, as the scale of the currency’s environmental impact becomes clearer. It also helped prompt a series of high profile critics… Read more »

Bitcoin has just gone through a much-hyped adjustment that reduced the rate at which new coins are created. The world’s biggest cryptocurrency’s so-called “halving” happens roughly every four years. The digital currency relies on what are known as “miners”, who run software that races to solve complex maths puzzles in return for Bitcoins. Monday’s halving… Read more »