Why does bitcoin use so much energy?


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In mid-May 2021, billionaire Elon Musk despatched a tweet that crashed the cryptocurrency market. The Tesla CEO introduced the electrical automobile firm would now not settle for bitcoin for purchases because of its enormous vitality consumption. So why does crypto-mining use so much electrical energy, and is there a sustainable different? CNBC’s Nessa Anwar is joined by Ryan Browne to clarify.

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Wed, Jun 16 20212:38 AM EDT