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Please defend this behaviour https://arstechnica.com/tech-policy/2021/09/old-coal-plant-is-now-mining-bitcoin-for-a-utility-company/ https://arstechnica.com/te
by avianlyric 5y ago
Please defend this behaviour
https://arstechnica.com/tech-policy/2021/09/old-coal-plant-is-now-mining-bitcoin-for-a-utility-company/ https://arstechnica.com/tech-policy/2021/09/old-coal-plant-i...
Its not unique either. There’s a company in the U.K. that bought an old coal plant, to convert to gas operators, to provide power solely for a crypto mining operation.
Simple fact of the matter is that it currently cheaper and easier for miners to use fossil fuels, then build renewables. Which is exactly what they’re doing.