A Fossil Fuel Power Plant That Mines Bitcoin is Fighting to Stay Open

A Fossil Fuel Power Plant That Mines Bitcoin is Fighting to Stay Open

2 years ago
Anonymous $xqL1ZTchGQ

https://www.vice.com/en_us/article/4awez9/a-fossil-fuel-power-plant-that-mines-bitcoin-is-fighting-to-stay-open

A natural gas-fired power plant connected to a Bitcoin mine in Dresden, New York is fighting to green its image as it vies for renewed permits from the state.

The Greenidge power plant has become the center of fierce debate over Bitcoin mining in New York State and how the industry fits into the state’s climate goals. Decommissioned as a coal-fired plant in 2011, Greenidge was reopened in 2017 after being purchased by Atlas Holdings and converted to a natural gas plant with the express purpose of mining Bitcoin. Today, it’s one of the largest Bitcoin mining facilities in the U.S., runs 7,000 rigs and mines an average of 5.5 bitcoins each day, according to O’Connell Electric, which contracted with the plant to convert its power source to natural gas.