US company devises method to use coal waste to power crypto

📆 3/21/2022 4:54 PM
📰 ChannelNewsAsia

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KENNERDELL, Pa. : The vast amounts of electricity needed to mine bitcoin has ignited a debate about whether the energy behind the operation is worth the potential environmental costs.But one company in western Pennsylvania believes that they have found a way to put crypto mining to work to clean up their

KENNERDELL, Pa. : The vast amounts of electricity needed to mine bitcoin has ignited a debate about whether the energy behind the operation is worth the potential environmental costs.

Stronghold Digital Mining uses waste left behind by decades-old coal power plants to generate electricity that powers hundreds of supercomputers working to mine bitcoin. "The bitcoin mining network itself is the largest decentralized computer network in the world, and it's power hungry, so co-locating bitcoin mining and a power plant makes a lot of sense," said Greg Beard, chief executive officer of Stronghold.

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