The founder of the electric carmaker says coins are mined using at least 50% renewable power, sending the price up sharply

Tesla will most likely restart accepting bitcoin as payment once it conducts due diligence on the amount of renewable energy used to mine the currency, the founder and boss of the electric carmaker, Elon Musk, has said.

Musk sent the price of bitcoin into freefall in May when he said that Tesla would stop accepting the cryptocurrency for payment because it the so-called mining of the coins used too much fossil fuel-generated electricity.

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Source: The Guardian