Is bitcoin and other cryptocurrencies too energy intensive to be used?

Elon Musk has just announced that Tesla will no longer allow buyers to pay in bitcoin. Why is this relevant to a wildlife and environment blog?

Tesla is there to transition the world to sustainable transport, as a goal. of the roughly 4.1 trillion kwh of electricity used in the USA last year roughly 500 went on bitcoin (roughly 1 in 8) or 13%.

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