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Podcast: Africa Tech Radio
Episode: How Does Bitcoin Affect The Environment?
Description: On Wednesday May 12, 2021, Tesla announced that it would resume accepting bitcoin (and would consider selling more of it) once the process of mining bitcoin âtransitions to more sustainable energyâ. The company is also âlooking at other cryptocurrencies that use less than 1% of Bitcoinâs energy in transactionsâ
Weâve had many arguments on whether bitcoin mining actually saves the environment or harms it in the short and long term and these concerns have existed since 2009 when bitcoin began.
Many people canât understand why bitcoin mining and the environment should be mentioned in the same sentence. In t...