"The companies say they are boosting local economies by bringing industry back and creating a crypto vanguard north of New York City," Kilgannon reports. "But the surge of activity has also prompted a growing outcry over the amount of electricity and pollution involved in mining for Bitcoin. Globally, cryptocurrency mining is said to consume more electricity annually than all of Argentina. China, once home to perhaps two-thirds of all crypto mining, banned the practice this year to help achieve its carbon-reduction goals, driving some miners to New York." Read more here.
from The Rural Blog https://ift.tt/3y9bFCi Bitcoin miners power their operations with old coal-fired power plants in New York, raising environmental concerns - Entrepreneur Generations
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