A Pennsylvania power plant burns 600,000 tons of coal annually to power 1,800 bitcoin mining computers.
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That transaction verification processes with Bitcoin often involve cheap, but climate-damaging electricity is known. However, it is unusual for a company specializing in Bitcoin mining to operate its own power plants to meet the performance requirements of its computers. This is exactly what a US company is now doing in the state of Pennsylvania, describes Mashable.
Power plant for $ 105 million
Stronghold Digital Mining has bought the Scrubgrass power plant there and for it $ 105 million issued. In the power plant, coal waste products are burned to generate electricity using a caloric route. 600,000 tons of coal per year are required according to data from the US Securities and Exchange Commission.
Profitable business …
Stronhold operates with the generated electricity 1800 mining calculator. In August, the company even bought a second power plant in Pennsylvania, with the prospect of taking over a third. Pennsylvania apparently supports the burning of coal through tax breaks. According to Stronghold’s calculations, this, coupled with the high Bitcoin rate, makes mining very profitable.
… but not for the climate
One a bitcoin The company is said to have to prospect (currently worth around $ 42,000) less than $ 3,000 invest. The greenhouse gas emissions generated worldwide by cryptomining have reached enormous proportions in recent years. They currently correspond to those of a country like Jordan with a population of 10 million people.
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