WYP
News Guru
Greenidge Generation is eying a "Carbon Neutral" future.
Read more about the power plant that re-opened to mine Bitcoin.
Read more about the power plant that re-opened to mine Bitcoin.
Power company re-opens Fossil-Fuel power plant to power Bitcoin mining operations
- Thread starter WYP
- Start date
It's probably worth noting that the natural gas they're using is significantly cleaner and greener than the oil and coal energy production that plant was apparently previously used for, natural gas being quite useful transitional green power source tech as it's both much cleaner than traditional fossil fuels(Especially if Biomethane), and easily converted to hydrogen as the infrastructure comes online in many countries in the coming years.
Still though the power use of Bitcoin highlights the need for more cryptocurrencies to move beyond the old PoW approach, it's hard to see Bitcoins value holding if the slow moving giant can't or won't adopt quickly enough to the modern developments or needs of the technology, we now have hard data showing PoS can cut power use by 99.9%, it definitely has wider complexities but the now wide range of implementations means it's no longer unproven or speculative tech.
Still though the power use of Bitcoin highlights the need for more cryptocurrencies to move beyond the old PoW approach, it's hard to see Bitcoins value holding if the slow moving giant can't or won't adopt quickly enough to the modern developments or needs of the technology, we now have hard data showing PoS can cut power use by 99.9%, it definitely has wider complexities but the now wide range of implementations means it's no longer unproven or speculative tech.
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