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This has changed: “Private-equity firm revives zombie fossil-fuel power plant to mine bitcoin” https://arstechnica.com/tech-policy/2021/05/private-equity-firm
by dmarcos 5y ago
This has changed:
“Private-equity firm revives zombie fossil-fuel power plant to mine bitcoin”
https://arstechnica.com/tech-policy/2021/05/private-equity-firm-revives-zombie-fossil-fuel-power-plant-to-mine-bitcoin/ https://arstechnica.com/tech-policy/2021/05/private-equity-f...
- maxerickson 5y agoThat plant was restarted in 2017 and has had a mining data center at least since early 2020.
- dmarcos 5y agoScale and expansion plans only became available on recent S4 filing. That’s new info. Tesla probably doesn’t want to contribute to the trend and hence the change of heart.
- maxerickson 5y agoA relatively small SPAC caused them to realize the obvious? If that is the case, what was going on before?
- dmarcos 5y agoI think it's probably indicative of a trend that Tesla doesn't want to incentivize any further. Tesla's mission is all about moving away from fossil fuels. Prior, lean was towards renewable sources like hydro because of lower cost of surplus energy.
- Robotbeat 5y agoAgreed. And for the cynics: Tesla is gonna lose goodwill and clean energy cred if their brand is tied to stuff like this. It became increasingly clear Bitcoin is overall not in Tesla’s interests.
- asddubs 5y agobitcoin was already unpopular with environmentalists when tesla started accepting it