HOW CRYPTO MINING IS BRINGING POWER PLANTS BACK TO LIFE IN US – AND CAUSING SOARING CO2 EMISSIONS

On 18 February, the Guardian carried an article about a 115-megawatt coal plant located a dozen miles from the historic site of the famous battle of Little Big Horn in southern Montana that was slated to close but has been revived by a Bitcoin-mining company, using its output to power a data centre on 20 acres of land beside the facility that is packed with more than 30,000 Antminer S19 units, a specialised computer that mines for bitcoin.  However, emissions from the burning of coal soared, with 187,000 tons of carbon dioxide emitted in the second quarter of last year, more than 5000% more than was expelled in the same period in 2020.  The article gives other examples as well.  It concludes that it remains to be seen if bitcoin will make a significant move away from fossil fuels, but it will likely come under increasing scrutiny over its appetite for fossil fuel-powered electricity. 

https://www.theguardian.com/technology/2022/feb/18/bitcoin-miners-revive-fossil-fuel-plant-co2-emissions-soared

https://www.cnbctv18.com/cryptocurrency/how-energy-guzzling-crypto-mining-is-bringing-power-plants-back-to-life-in-us-12554932.htm

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: