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Renewable energy won’t make Elon Musk love bitcoin again

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Tesla And Bitcoin Stock Pictures Illustrative image of two commemorative bitcoins seen in front of the Tesla car logo. On Saturday, February 27, 2021, in Dublin, Ireland. | Photo by Artur Widak/NurPhoto via Getty Images

Elon Musk shouldn’t hold his breath waiting for bitcoin to become environmentally friendly enough for Tesla to take it as payment. Musk announced yesterday that Tesla was walking away from the cryptocurrency because of the fossil fuels used for bitcoin mining and transactions. In the announcement, he left the door open for Tesla to accept bitcoin again if mining the cryptocurrency eventually runs on “more sustainable energy.” But some experts caution that renewable energy is not a silver bullet for bitcoin’s sustainability problem.

Tesla & Bitcoin pic.twitter.com/YSswJmVZhP

— Elon Musk (@elonmusk) May 12, 2021

The Verge spoke with Alex de Vries, a digital currency economist who has consistently called out bitcoin’s growing...

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