Why Bitcoin Is Reviving Fossil Fuel Power Plants – Video | Technology

Bitcoin requires large amounts of electricity to facilitate its transactions around the world. More than double the energy consumption of an Apple, Facebook, Google, Microsoft and Amazon combined. This demand has led cryptocurrency mining companies to seek the cheapest electricity possible, and it is not much cheaper than coal. New bitcoin server farms are popping up across the US next to old power plants, many of which had shut down. Josh Toussaint-Strauss explores how these dying fossil fuel power plants were revived in the name of cryptocurrency

Bitcoin miners revived a dying coal plant – then CO2 emissions soared

Advertising

Advertising

Bitcoin’s Energy Consumption Is Huge – We Can’t Afford To Ignore It

Everything you wanted to know about bitcoin but were afraid to ask

Leave a Comment