Mining bitcoin has become a computing power battle, with machines devouring electricity while racing to sequence digital blocks in a chain. San Francisco: Tesla hit the brakes Wednesday on letting people pay for electric cars with bitcoin, saying the computing-intense mining process of creating new cryptocurrency spews climate-harming emissions. “We are concerned about rapidly increasing […]
Elon Musk Realised That He Can’t Champion Both Renewable Energy and Bitcoin at the Same Time — Here’s Why
Cryptocurrency mining is a virtual process and consists of complex mathematical algorithms that need computation. The more you mine, the harder it becomes to mine further. Many have adopted green sources of electricity like solar and wind, but the proportion is minuscule. On Thursday morning, India time, cryptocurrency aficionados around the world read this news. […]
Bitcoin Tests $49,000 as Tesla’s Musk Steps up Criticism, but Talks up Dogecoin
The Tesla CEO said he worries about “massive use” of coal and other carbon-intensive energy to generate electricity needed to mine digital currency. Elon Musk stepped up his criticism of Bitcoin as environmentally unsustainable while also signaling support for another digital coin and saying he remains a believer in cryptocurrency. The Tesla Inc. chief executive […]
MG Motor electric supercar Cyberster to be revealed soon with gaming cockpit
MG Motor recently shared shares glimpses of its upcoming electric vehicle. The new EV does not seem to be like most electric vehicles being introduced globally. MG claims that this new vehicle will be a supercar. The company shared a few images of the car which do not provide a whole image of the car […]
Rivian plans a network of 10,000 EV chargers in North America by 2023
Rivian is poised to counter one of Tesla’s greatest advantages: its extensive charging network. As The Verge notes, Rivian has revealed plans to install over 10,000 Level 2 AC chargers (“Waypoints” in Rivian lingo) across the US and Canada through 2023. The first installations are due in July, when Colorado’s 42 state parks will get […]
Electric vehicle charging an important amenity
As electric vehicles move from hot commodity to practical, with more Teslas, Chevrolet Bolts, Nissan Leafs and others on the road, the Boothbay region now has a number of places to charge them. Boothbay Craft Brewery and Topside Inn are among businesses with free electric vehicle charging. Topside’s Buzz Makarewicz said use of its Tesla […]