Article 60DVS How bitcoin is reviving fossil fuel plants – video

How bitcoin is reviving fossil fuel plants – video

by
Josh Toussaint-Strauss Ali Assaf Joseph Pierce Rya
from Technology | The Guardian on (#60DVS)

Bitcoin requires vast amounts of electricity to facilitate its transactions around the globe. More than twice the energy usage per year of Apple, Facebook, Google, Microsoft and Amazon combined. This demand has led cryptocurrency mining companies to seek out the cheapest electricity possible, and it doesn't get much cheaper than coal. New bitcoin server farms are popping up across the US next to old power plants, many which had all but discontinued operations. Josh Toussaint-Strauss explores how these dying fossil fuel plants have been been revived in the name of cryptocurrency


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

Bitcoin's energy usage is huge - we can't afford to ignore it

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


Continue reading...
External Content
Source RSS or Atom Feed
Feed Location http://www.theguardian.com/technology/rss
Feed Title Technology | The Guardian
Feed Link https://www.theguardian.com/us/technology
Feed Copyright Guardian News and Media Limited or its affiliated companies. All rights reserved. 2024
Reply 0 comments