Tag: mining
-
Tesla Looks for Alternatives to Cobalt Mining
As the demand for electric cars increases, so does the need for the controversial car battery mineral: cobalt. Cobalt is an essential mineral in lithium-ion batteries. These batteries help power “electric cars, computers and cellphones.” The demand for cobalt is steadily increasing with the rising sales of electric vehicles, which promises a positive environmental impact.…
-
Bitcoin price crash as China puts curbs on cryptocurrency mining
Bitcoin price crashed by around 9 percent on Monday morning after reports emerged that China intensified its crackdown on the said cryptocurrency mining. Bitcoin price touched $32,658.65 at 12:14 pm from a high of $35,924.11 at 1:59 am as per data available on Coindesk — the lowest drop in the last 12 days. However, at…
-
Musk wants a greener bitcoin. Has he got a plan?
Elon Musk says Tesla Inc. won’t use or accept bitcoin until he can be sure it’s produced sustainably. He may be waiting some time. Musk announced his new position in a major U-turn on Wednesday, prompting speculation among some experts about whether he had a plan to wean the crypto industry off the fossil fuels…
-
Tesla suspends use of bitcoin over ‘rapidly increasing use of fossil fuels’
Value of digital currency falls 17 per cent, following Tesla CEO Elon Musk finishes decision to let customers pay for its cars in bitcoin Tesla has suspended that the auto giant’s usage of bitcoin just months after announcing it would take the digital currency as payment for its own cars, citing worries over its huge…
-
Musk sends bitcoin tumbling with shock u-turn on payments
Tesla Inc.’s Chief Executive Officer Elon Musk said the electric-vehicle manufacturer is suspending purchases with Bitcoin, triggering a slide in the digital currency.In a post on Twitter Wednesday, Musk cited concerns about “rapidly increasing use of fossil fuels for Bitcoin mining and transactions,” while signaling that Tesla might accept other cryptocurrencies if they are much…
-
As China revs up battery production, Dem lawmakers see another Middle East nightmare
The clean energy economy is being made in China. Washington Democrats are launching a late-stage rush to lure it back home. The Biden administration and Congressional Democrats plan to pump taxpayer money into the battery sector — investing in research, backing risky start-ups and developing tax incentives and grant programs to bring not just battery…
-
Daily News Roundup: Malware in Your Pirated Software
Researchers in ESET and Malwarebytes have found crypto mining malware hidden in music generation program. The program loads the malware within an emulated copy of Linux and can infect Windows, Linux, and even MacOS. Downloading software is generally a bad thing to do. Not only does it deprive developers of earnings for their work, but…