A Company In The U.S Has Resorted To Mining Bitcoin With Coal Ash To Clean Up Their Community.
According to a Reuters article, one firm in western Pennsylvania claims to have discovered a way to put Bitcoin mining to work in order to clean up their community.
The massive amounts of electricity required to mine Bitcoin have sparked a discussion about whether the energy required to generate the digital currency is worth the possible environmental consequences.
According to a Reuters article, one firm in western Pennsylvania claims to have discovered a way to put cryptocurrency mining to work in order to clean up their neighbourhood.
Stronghold Digital Mining creates electricity by using waste from decades-old coal power plants to power hundreds of crypto mining supercomputers.
Greg Beard, Stronghold’s chief executive officer, stated:
“The Bitcoin mining network itself is the largest decentralized computer network in the world, and it’s power hungry, so co-locating Bitcoin mining and a power plant makes a lot of sense.”
Coal ash is a byproduct of burning coal to produce electricity that has the potential to leach into groundwater and harm streams because it contains heavy metals that are carcinogenic.
Stronghold owns and operates a waste coal processing facility where coal ash is collected from an adjacent mine. Following that, the coal ash is separated from the rest of the garbage and crushed before being transported to a boiler building and burned to provide electricity for the firm’s crypto mining operation.
Bill Spence, co-chairman of Stronghold Digital Mining, said:
“I think this is a perfect niche for crypto,”
Despite the controversy surrounding Bitcoin’s energy consumption and environmental impact, Information from a study published on January 25, 2022 stated that BTC accounted for only 0.08% of global carbon dioxide (CO2) emissions in 2021, implying that talking points about the network’s energy consumption appear to have been exaggerated.
BTC is created through a process called as mining. Mining needs computers to solve complex problems in exchange for virtual currency in the form of Bitcoin. The energy required to run the equipment is enormous.
As the digital asset rises in prominence, an increasing number of people are mining Bitcoins using unusual techniques. One crypto enthusiast, in particular, has created a 6kW solar-powered Bitcoin mining machine.
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Patrick
CoinCu News
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Bitcoin
A Company In The U.S Has Resorted To Mining Bitcoin With Coal Ash To Clean Up Their Community.
According to a Reuters article, one firm in western Pennsylvania claims to have discovered a way to put Bitcoin mining to work in order to clean up their community.
The massive amounts of electricity required to mine Bitcoin have sparked a discussion about whether the energy required to generate the digital currency is worth the possible environmental consequences.
According to a Reuters article, one firm in western Pennsylvania claims to have discovered a way to put cryptocurrency mining to work in order to clean up their neighbourhood.
Stronghold Digital Mining creates electricity by using waste from decades-old coal power plants to power hundreds of crypto mining supercomputers.
Greg Beard, Stronghold’s chief executive officer, stated:
“The Bitcoin mining network itself is the largest decentralized computer network in the world, and it’s power hungry, so co-locating Bitcoin mining and a power plant makes a lot of sense.”
Coal ash is a byproduct of burning coal to produce electricity that has the potential to leach into groundwater and harm streams because it contains heavy metals that are carcinogenic.
Stronghold owns and operates a waste coal processing facility where coal ash is collected from an adjacent mine. Following that, the coal ash is separated from the rest of the garbage and crushed before being transported to a boiler building and burned to provide electricity for the firm’s crypto mining operation.
Bill Spence, co-chairman of Stronghold Digital Mining, said:
“I think this is a perfect niche for crypto,”
Despite the controversy surrounding Bitcoin’s energy consumption and environmental impact, Information from a study published on January 25, 2022 stated that BTC accounted for only 0.08% of global carbon dioxide (CO2) emissions in 2021, implying that talking points about the network’s energy consumption appear to have been exaggerated.
BTC is created through a process called as mining. Mining needs computers to solve complex problems in exchange for virtual currency in the form of Bitcoin. The energy required to run the equipment is enormous.
As the digital asset rises in prominence, an increasing number of people are mining Bitcoins using unusual techniques. One crypto enthusiast, in particular, has created a 6kW solar-powered Bitcoin mining machine.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
Patrick
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