您现在的位置是:時尚 >>正文
【】
時尚4191人已围观
简介By now, you've probably heard about the sheer amount of energy cryptocurrency mining uses and how th ...
By now, you've probably heard about the sheer amount of energy cryptocurrency mining uses and how that's bad for the environment.
So, it should be quite concerning to find out that Bitcoin miners are now buying entire power plants in their effort to get rich on the speculative asset.
A Pennsylvania-based holding company called Stronghold Digital Mining is currently running a Bitcoin mining operation using the Scrubgrass power plantin Venango County, Pennsylvania, which it purchased over the summer, in 2021.
Stronghold raised$105 million to open the power plant for its Bitcoin mining endeavors. The plant currently burns coal waste to produce enough energy to power 1,800 mining computers.
According to Stronghold Digital Mining, the company is now burning600,000 tons of coal waste at Scrubgrass per year in order to run its Bitcoin mining operation. This information is public due to Stronghold's filings with the SEC, as the company plans to go public.
And it gets worse. Stronghold is planning to further its coal-burning power plant operations.
In August, the company acquireda second power plant in Pennsylvania, called the Panther Creek power plant. It's looking to expand to a third as well.
Bitcoin mining requires high-powered computer processors in order to solve advanced mathematical equations. This process helps maintain the cryptocurrency's digital ledger, known as the blockchain. When these math problems are solved, Bitcoin miners receive the cryptocurrency in exchange.
The more computing power one has, the more equations that can be solved and the more Bitcoin they earn. The process is so intense that individuals really can't earn Bitcoin based on the computer power already accessible to them. Many miners purchase thousands upon thousands of dollars worth of equipment to mine Bitcoin and even then, only these multi-million dollar operations can really mine enough Bitcoin to make the process profitable at this point.
SEE ALSO:Twitter rolls out tipping with bitcoin, explores verifying NFT profile picsBitcoin miners are predicted to use around 130 Terawatt-hours of energy (TWh), according to The University of Cambridge’s bitcoin electricity consumption index. As TechCrunchpoints out, Bitcoin's carbon dioxide emissions are roughly the same as a country like Jordan, with a population of 10 million people.
For the cherry on top, taxpayers are funding Stronghold Digital Mining's Bitcoin power plant profits.
According to Bloomberg, Pennsylvania provides tax credits for burning coal waste. With these subsidies, Stronghold calculates that each Bitcoin it earns through mining costs the company under $3,000.
At the time this piece was published, Bitcoin was trading at more than $42,000 – not a bad profit for a taxpayer-subsidized cryptocurrency mining operation that's spoiling the environment.
TopicsBitcoinCryptocurrency
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“夫榮妻貴網”。http://new.maomao321.com/news/2b59199406.html
相关文章
Old lady swatting at a cat ends up in Photoshop battle
時尚We all have that relative who gets annoyed with the cat.。This timeless photo of an old woman shooing ...
【時尚】
阅读更多Apple just ruined sexting
時尚Apple rolled out its first developer beta version of iOS 10.2 on Monday, which quietly killed one of ...
【時尚】
阅读更多Braveheart England cricketer's artificial leg comes off during play, still makes stunning save
時尚In what has since become an inspiring video for many, English cricketer Liam Thomas kept his calm wh ...
【時尚】
阅读更多
热门文章
- Did our grandparents have the best beauty advice?
- Trump supporters celebrate their victory on Twitter
- Australia's most stunning 'weather porn' as captured by 12 locals
- What to watch on election night to maintain your sanity
- There's a big piece of fake chicken stuck to this phone case
- South Korea absolutely mowed through the 'Overwatch' World Cup
最新文章
Singapore rolls out video
Apple TV gets single sign
You blew it, America: World reacts to a Trump presidency on Twitter
Bill Simmons' 'Any Given Wednesday' is over after four months
Aly Raisman catches Simone Biles napping on a plane like a champion
What to watch on election night to maintain your sanity