Tesla Stops Accepting Bitcoin Due to Crypto-Mining’s Environmental Toll

PCMag
PCMag
May 13 · 2 min read
Photo by Britta Pedersen-Pool/Getty Images

Although Tesla is suspending Bitcoin as a payment option, company CEO Elon Musk said his company is looking at other cryptocurrencies as an alternative.

By Michael Kan

Tesla CEO Elon Musk is hitting the brakes on accepting Bitcoin to buy the company’s electric cars. The reason: Bitcoin mining is too reliant on using…

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