Bitcoin mining is breathing new life into America’s aging fossil fuel power plants, creating a demand environmentalists say discourages investment in renewable energy sources at a time when shifting away from carbon-emitting sources of energy is essential.
“Simply put, we employ 21st century crypto mining techniques to remediate the impacts of 19th and 20th century coal mining in some of the most environmentally neglected regions of the United States,” the company stated in the filing.
Jamar Thrasher, a spokesperson for the Pennsylvania Department of Environmental Protection said that the waste piles “continue to pollute our land, streams and air even while they sit there” and that “currently one of the most effective ways to remediate these piles is to consume them using the best available technology present at these plants like Scrubgrass to create electricity.
as miners have migrated to countries with more fossil fuel-reliant energy grids, said Pete Howson, bitcoin expert and senior lecturer in international development at Northumbria University in the United Kingdom. Cryptocurrency advocates in Houston host a monthly Bitcoin meetup, which in August saw about 200 representatives from oil and gas companies and bitcoin mining companies gather to discuss energy trading,De La Torre, who attended the meetup, said Poolin is particularly drawn to using natural gas, a byproduct of the oil industry, that is otherwise being burnt off in flares.
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