Bitcoin mining emissions in hit million

The Greenidge Generating Station in Dresden, New York, sits on the shores of Seneca Lake, about an hour southeast of Rochester. It was originally built in the nineteen-thirties to run on coal; over the decades, new units were added and older ones shuttered. The power station ceased operations in 2011, and it sat idle until it was purchased by a private-equity firm and converted to run on natural gas. In 2017, under the ownership of Greenidge Generation Holdings, the plant reportedly began operating as a “peaker plant,” to provide power to the grid during times of high demand. (A spokesperson noted that the plant “is permitted to run 24/7.”) Then, in 2019, it was announced that the plant would power bitcoin mining. Bitcoin emissions in hit million tons That's all just near-term stuff, and just in China - you should read the whole article. China and nuclear power is also about other countries, and one recent development is that China is buying Uranium mines wholesale to ensure supply. That along with research into much more advanced reactor designs, they plan to power a wide swath of the world (which will then be under the control, at least indirectly of China).

Projects have sought ways to shift bitcoin mining towards cleaner energy, such as repurposing heat byproducts from oil extraction for crypto mining. Cryptocurrency fraud scheme lands man 8 years in prison While the extent of this transformation is very hard to predict, it’s becoming clear that as blockchain technology grows, its benefits will too. For example, as developments in blockchain continue to break new ground in business and finance, we’re seeing cryptocurrency accelerate financial inclusion for those who’ve historically been excluded from participating in formal financial systems.