Bitcoin mining is an incredibly resource-intensive process. So what better place to do it than an abandoned power plant? Well, as New York Focus reported this week, Finger Lakes environmentalists think the answer is "pretty much anywhere else." website says the plant was opened in 1937, shuttered in 2009, and purchased by new owners in 2014. Those owners started mining Bitcoin in the facility in 2019. have warned about the environmental implications of cryptocurrency mining for years, claimed that Bitcoin uses more electricity than all of Argentina each year and said the increasing popularity of Bitcoin mining could prevent countries like China from meeting their climate goals . $1 trillion market cap and recently saw its price rise to an all-time high as the Coinbase trading platform went public. rolling 12-month GHG emissions average soared nearly tenfold, from 28,000 tons in January to 243,000 tons in December."
Bitcoin-Mining Power Plant Stirs Up Controversy have 142 words, post on www.tomshardware.com at April 16, 2021. This is cached page on X-Buy. If you want remove this page, please contact us.