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A Bitcoin Boom Fueled by Cheap Power, Empty Plants and Few Rules

A Bitcoin Boom Fueled by Cheap Power, Empty Plants and Few Rules



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  1. tldr; Cryptocurrency miners are flocking to New York’s faded industrial towns, prompting concern over the environmental impact of huge computer farms. A bitcoin mining operation is opening northeast of Niagara Falls this month on the site of the last working coal plant in New York State. Globally, cryptocurrency mining is said to consume more electricity annually than all of Argentina.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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