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
from The Guardian https://ift.tt/jaTl9eo
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