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and all these computers need a lot of energy. the unique thing about this plant is it both creates energy and mines bitcoin, so these turbines actually create the energy, and then literally right next to them there are these massive bitcoining machines. that s kind of the unique selling point of company, that they do the whole thing in house. mining bitcoin is hugely energy intensive. cambridge university estimates that the annual amount of energy used to mine bitcoin is equivalent to a country the size of colombia or bangladesh. there are nearly 10,000 bitcoin mining computers here and greenidge wants to build more.
goal that make to create bitcoin. they do that by tackling wickedly hard equations which need a lot of computer power to solve. in many ways, these computers are printing money. one greenidge one critter is currently worth $35,000 and all of these computers need a lot of energy. the unique thing about this plant is at both creates energy and provides bitcoin so these turbines actually create the energy and then literally right next to them, there are these massive migratory mining machines. that s the duty of this, it is all done in house. mining bitcoin is usually energy intensive and cambridge estimates the annual amount of energy used to my bitcoin is equivalent to a country the size of colombia or bangladesh. there are nearly 10,000 bitcoin mining computers here and greenwich wants to build more.
to create bitcoin. they do that by tackling wickedly hard equations that need a lot of computer power to solve. in many ways, these computers are printing money. one bitcoin is currently worth over £25,000, or $35,000, and all these computers need a lot of energy. the unique thing about this plant is it both creates energy and mines bitcoin, so these turbines actually create the energy, and then literally right next to them there are these massive bitcoining machines. that s kind of the unique selling point of company, that they do the whole thing in house. mining bitcoin is hugely energy intensive. cambridge university estimates that the annual amount of energy used to mine bitcoin is equivalent to a country the size of colombia or bangladesh. there are nearly 10,000 bitcoin mining computers here and greenidge
there are nearly 10,000 bitcoin mining computers here and greenidge wants to build more. the company argues it s greener than bitcoin mines that use coal in the us and china and that they offset their emissions. but they re still pumping out carbon dioxide to make a cryptocurrency. i spoke to greenidge s chief executive, jeff kirt. some people would think it s absurd but at a time when a lot of people are trying to cut down on their carbon emissions, there s a plant that uses fossilfuels to mind bitcoin. fossilfuels to mine bitcoin. well, i mean, first and foremost, we are 100% carbon neutral in our bitcoin mining operation. we re the first and the only bitcoin mining company that has