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LISTEN: The Sonic Impact of Converting Power Plants to Bitcoin Mining Facilities
A 2021 report by the Wall Street Journal revealed that multiple power plants were being repurposed for mining. But not for coal, gold or iron. Instead, these facilities were gearing up for mining Bitcoin.
The article mentioned idled and struggling coal plants in New York and Montana that were scaling up to mine for cryptocurrency. After all, fossil fuel plants have been shutting down as renewable energy rises in popularity, and Bitcoin Magazine recently reported that the Bitcoin mining business generated more than $2 billion in transaction fees and block rewards last March.
Download and listen to the audio version below and click here to subscribe to the Today in Manufacturing podcast.
A 2021 report by the Wall Street Journal revealed that multiple power plants were being repurposed for mining. But not for coal, gold or iron. Instead, these facilities were gearing up for mining Bitcoin.
The article mentioned idled and struggling coal plants in New York and Montana that were scaling up to mine for cryptocurrency. After all, fossil fuel plants have been shutting down as renewable energy rises in popularity, and Bitcoin Magazine recently reported that the Bitcoin mining business generated more than $2 billion in transaction fees and block rewards last March.
Download and listen to the audio version below and click here to subscribe to the Today in Manufacturing podcast.