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> The biggest problem we have right now is that bitcoin mining operators are chewing up massive amounts of power, in many areas causing coal fired power plants
by ch4s3 4y ago
> The biggest problem we have right now is that bitcoin mining operators are chewing up massive amounts of power, in many areas causing coal fired power plants to come back into service
Other than the single time a mining group bought an old coal plant in NY, is there a single other example of this happening?
- brightlancer 4y agoAs a more positive example, I read about crypto miners who had something like shipping containers that they would put at oil wells to capture gases that weren't economical for the energy companies to use and are instead burned off. While I'm sure some folks would jump on that because it was using Fossil Fuels, I look at as it's profitable for crypto miners to use _excess_ energy where it's produced and would otherwise be wasted, which will happen regardless of how energy is sourced.
- ch4s3 4y agoThat's pretty neat, and an interesting use of nat-gas, but I'm just really ambivalent about crypto and the miners.